MINNEAPOLIS--(BUSINESS WIRE)--Mar. 5, 2009--
Target Corporation (NYSE:TGT) today reported that its net retail sales
for the four weeks ended February 28, 2009 were $4,373 million,
unchanged from $4,373 million for the four weeks ended March 1, 2008. On
this same basis, February comparable-store sales declined 4.1 percent.
“February sales were in line with our planned range for the month, as
our sales results continue to reflect the significant economic
challenges facing our guests.” said Gregg Steinhafel, chairman,
president and chief executive officer of Target Corporation.
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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
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Last Year
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February
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$4,373
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(0.0)
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(4.1)
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0.5
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Target’s 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, April 9, 2009. These recordings may
be accessed by calling 612-761-6500.
Target Corporation's retail segment includes large general merchandise
and food discount stores and Target.com, a fully integrated on-line
business. In addition, the company operates a credit card segment that
offers branded proprietary and Visa credit card products. The company
currently operates 1,699 Target stores in 49 states.
Target Corporation news releases are available at www.target.com.
Source: Target Corporation
Target Corporation
John Hulbert
612-761-6627
Eric Hausman (Financial Media)
612-761-2054
