MINNEAPOLIS, Jun 7, 2001 /PRNewswire/ -- Target Corporation (NYSE:
TGT) today reported that its net retail sales for the four weeks ended June 2,
2001 increased 6.9 percent to $2.681 billion from $2.509 billion for the
four-week period ended May 27, 2000. Comparable-store sales increased 0.9
percent from May 2000.
"Sales for the Corporation were slightly below plan for the month of May," said
Bob Ulrich, chairman and chief executive officer of Target Corporation.
Sales Total Sales Comparable Stores
(millions) % Change % Change
May
Target $2,178 9.2 1.5
Mervyn's 299 1.5 1.7
Marshall Field's 185 (6.0) (6.0)
Other 19 (18.5) na
Total $2,681 6.9 0.9
Year-to-date
Target $8,868 10.3 2.5
Mervyn's 1,131 (1.4) (0.7)
Marshall Field's 797 (4.8) (4.8)
Other 82 (14.3) na
Total $10,878 7.5 1.5
Target Corporation operates large-store general merchandise formats, including
discount stores, moderate-priced promotional and traditional department stores,
as well as a direct mail and on-line business called target.direct. At
month-end, the company operated 1,321 stores in 46 states. This included 991
Target stores, 266 Mervyn's stores and 64 Marshall Field's stores.
Comments regarding the company's sales results are available in a pre- recorded
telephone message that may be accessed by calling 612-370-6500. Target
Corporation news releases are available at www.target.com or www.prnewswire.com,
or by fax, through Company News on Call at 800-758-5804 extension 342677.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X21337597
SOURCE Target Corporation
CONTACT: Susan Kahn of Target Corporation, 612-370-6735
/Company News On-Call: http://www.prnewswire.com/comp/342677.html or fax,
800-758-5804, ext. 342677
