Target Corporation's sales
for the four weeks ended May 29, 2010 were $4.62 billion, an
increase
of 3.7% from $4.46 billion a year ago. May comps increased 1.3%.
“May comparable-store sales were somewhat below our
expectation,” said
Gregg Steinhafel, chairman, president and chief executive officer
of
Target Corporation. “Our recent experience reinforces our belief
that we
will continue to experience volatility in the pace of economic
recovery.
We continue to focus on disciplined execution of our strategy and
on
delighting our guests by delivering on both sides of our 'Expect
More.
Pay Less.' brand promise.”
Sales |
Total Sales |
Comparable Stores % Change
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(millions)
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% Change
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This Year
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Last Year
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May |
$4,622 |
3.7 |
1.3 |
(6.1) |
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Year-to-date |
$19,780 |
5.1 |
2.5 |
(4.2) |
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The company
currently
operates 1,740 Target stores in 49 states.
