logo
Published on stock market, stocks, dividend (http://www.cdtv.net/users)

Target Corporation March Sales up 1.5 Percent

By newsroom
Created 2008-04-10 14:14

Target Corporation (NYSE:TGT) today reported that its net retail sales for the five weeks ended April 5, 2008 increased 1.5 percent to $5,676 million from $5,592 million for the five weeks ended April 7, 2007. On this same basis, March comparable store sales decreased 4.4 percent.

“While we expected a low-single digit comparable store sales decline in March, our actual performance was modestly below our planned range,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. As a reminder, the timing of Easter this year compared with a year ago adversely affected March and will benefit April.

Target Corporation’s operations include large, general merchandise and food discount stores and a fully integrated online business through which it offers a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. The company currently operates 1,613 Target stores in 47 states.

For more information, visit www.target.com.


Source URL:
http://www.cdtv.net/users//users/node/18024