MINNEAPOLIS, Dec. 3 /PRNewswire/ -- Dayton Hudson Corporation (NYSE: DH)
today reported that its net retail sales for the four weeks ended Nov. 28,
1998 increased 8.0 percent to $2.706 billion from $2.506 billion a year ago.
Comparable-store sales increased 3.0 percent from the same period a year ago.
Total company sales were $22.818 billion year to date.
"Sales in November were on plan at Target, slightly below expectations at
Mervyn's, and below plan at the Department Stores," said Bob Ulrich, chairman
and chief executive officer of Dayton Hudson Corporation. "Sales for the
Thanksgiving weekend tracked our November divisional results."
Percentage Change in Sales
November Year-to-date
Comparable Stores
Target 4.3 5.6
Mervyn's 1.1 (0.4)
Department Stores (2.9) 4.0
Dayton Hudson 3.0 4.5
Total
Target 11.4 12.8
Mervyn's 0.0 (2.3)
Department Stores (3.5) 4.0
Dayton Hudson 8.0 9.5
Dayton Hudson Corporation operates large-store general merchandise
formats, including discount stores, moderate-priced promotional and
traditional department stores. The company currently operates 1,182 stores in
41 states. This includes 851 Target stores, 268 Mervyn's stores and 63
Department Stores.
Dayton Hudson news releases are available through Company News on Call by
fax at 800-758-5804 extension 342677 (DHCorp) or at http://www.prnewswire.com.
