MINNEAPOLIS--(BUSINESS WIRE)--Aug. 2, 2012--
Target Corporation (NYSE:TGT) today reported that its net retail sales
for the four weeks ended July 28, 2012 were $4,995 million, an increase
of 3.2 percent from $4,840 million for the four weeks ended July 30,
2011. On this same basis, July comparable-store sales increased 3.1
percent.
“We’re pleased with Target’s July comparable-store sales increase of 3.1
percent," said Gregg Steinhafel, chairman, president and chief executive
officer of Target Corporation. "In addition, our second quarter
comparable-store sales increase of 3.1 percent was right in line with
our expectation going into the quarter. Guests continue to respond to
our innovative merchandising, remodel program and 5% REDcard Rewards,
driving healthy increases in traffic and sales in a consumer environment
that remains quite challenging.”
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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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July
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$4,995
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3.2
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3.1
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4.1
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Second Quarter
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$16,451
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3.5
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3.1
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3.9
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Year-to-date
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$32,989
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4.8
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4.2
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2.9
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Miscellaneous
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, August
30, 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 (NYSE:TGT)
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 Target’s commitment to corporate responsibility, visit Target.com/hereforgood.
For more information, visit Target.com/Pressroom.
Source: Target Corporation
Target Corporation
John Hulbert, Investors, 612-761-6627
or
Jenna
Reck, Financial Media, 612-761-5829
or
Target Media Hotline,
612-696-3400
