MINNEAPOLIS, Sept. 2 /PRNewswire-FirstCall/ -- Target Corporation today
reported that its net retail sales from continuing operations (principally
Target Stores) for the four weeks ended August 28, 2004 increased 8.4 percent
to $3.442 billion from $3.175 billion for the four-week period ended August
30, 2003. On this same basis, comparable-store sales increased 1.8 percent
from fiscal August 2003.
"Sales at Target Stores were on plan for the month of August," said Bob
Ulrich, chairman and chief executive officer of Target Corporation.
Sales Total Sales Comparable Stores % Change
Continuing Operations (millions) % Change This Year Last Year
August $3,442 8.4 1.8 8.3
Year-to-date $23,628 11.7 5.0 2.8
Following the close of the Mervyn's transaction, Target Corporation will
continue to operate Target Stores, a chain of large, general merchandise
discount stores, as well as an on-line business called Target.com. At month-
end, this included 1,272 Target stores in 47 states.
Comments regarding the company's sales results are available in a pre-
recorded telephone message that may be accessed by calling 612-761-6500.
Target Corporation news releases are available at http://www.target.com or
SOURCE Target Corporation
/CONTACT: Investors, Susan Kahn, +1-612-761-6735, or Financial Media,
Cathy Wright, +1-847-615-1538, both of Target Corporation/
/Web site: http://www.target.com /