Target Reports August Sales Results
MINNEAPOLIS--(BUSINESS WIRE)-- Target Corporation (TGT) today reported that its net retail sales for the four weeks ended August 25, 2012 were $5,543 million, an increase of 4.7 percent from $5,292 million for the four weeks ended August 27, 2011. On this same basis, August comparable-store sales increased 4.2 percent.
"We're pleased with Target's August comparable-store sales increase, which was near the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "Sales were stronger in the second half of the month, as guests responded to Target's broad assortment and compelling value for their back-to-school and back-to-college shopping."
|
Sales |
Total Sales |
Comparable Stores % Change |
||||||||||
|
(millions) |
% Change |
This Year |
Last Year |
|||||||||
| August | $5,543 | 4.7 | 4.2 | 4.1 | ||||||||
| Year-to-date | $38,532 | 4.8 | 4.2 | 3.1 | ||||||||
Miscellaneous
Targets current sales disclosure practice
includes a sales recording on the day of the monthly sales release.
Consistent with this practice, a new message was recorded earlier today.
The next sales recording is expected to be issued on Thursday, October
4, 2012. These recordings may be accessed by calling 866-526-7639. Text
versions of our recordings are available on our Investor Relations
website, www.target.com/investors,
by clicking on Financial News and then Monthly Sales Summaries.
About Target
Minneapolis-based Target Corporation
serves guests at 1,772 stores across the United States and at
Target.com. The company plans to open its first stores in Canada in
2013. In addition, the company operates a credit card segment that
offers branded proprietary credit card products. Since 1946, Target has
given 5 percent of its income through community grants and programs;
today, that giving equals more than $3 million a week. For more
information about Targets commitment to corporate responsibility, visit Target.com/hereforgood.
For more information, visit Target.com/Pressroom.
Target Corporation
John Hulbert, Investors, 612-761-6627
or
Amy
Reilly, Financial Media, 612-761-6782
or
Target Media Hotline,
612-696-3400
Source: Target Corporation
Copyright Business Wire 2012