Target Corporation reported that its net retail sales for the four weeks ended February 25, 2012 were $5,132 million, an increase of 8.0 percent from $4,750 million for the four weeks ended Feb. 26, 2011. On this same basis, February comparable-store sales increased 7.0 percent.
“February sales were well above our expectations, due to stronger-than-expected guest traffic combined with a solid increase in transaction size,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “We're very pleased with the pace of our sales since the holiday season, though we continue to plan for a first-quarter comparable-store sales increase of around 4 percent.”
Sales Total Sales Comparable Stores % Change
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(millions) % Change This Year Last Year
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February $5,132 8.0 7.0 1.8
