Target Corporation reported that its net retail sales for the five weeks ended Oct. 1, 2011 were $5.9 billion, an increase of 6.5 percent from $5.56 billion a year ago. On this same-store basis, sales increased 5.3 percent.
“We're very pleased with our September comparable-store sales, which were somewhat ahead of our expectations,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “We experienced strong sales results throughout the month and across a broad array of merchandise categories, demonstrating Target’s ability to deliver on both sides of our “Expect More. Pay Less” brand promise and generate strong financial performance even in this soft economic environment.”
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Sales |
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Total Sales |
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Comparable Stores % Change | |||
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(millions) |
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% Change |
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This Year | Last Year | ||
September |
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$5,923 |
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6.5 |
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5.3 |
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1.3 |
Quarter-to-date |
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$11,215 |
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6.0 |
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4.7 |
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1.6 |
Year-to-date |
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$42,690 |
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4.5 |
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3.4 |
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2.1 |
