MINNEAPOLIS, Feb. 3 /PRNewswire/ -- Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended Jan. 29, 2000 increased 11.4 percent to $2.052 billion from $1.843 billion a year ago. Comparable-store sales increased 5.7 percent from the same period a year ago. Total company sales were $32.931 billion for the fiscal year.
"Sales for the corporation were above plan in January," said Bob Ulrich, chairman and chief executive officer of Target Corporation.
Percentage Change in Sales
January 4th Quarter Fiscal 1999
Comparable Stores
Target 6.4 5.6 6.7
Mervyn's 5.4 (4.8) (0.7)
Department Stores (0.3) (1.6) 0.8
Total 5.7 3.5 5.1
Total
Target 13.4 13.0 13.5
Mervyn's 5.1 (5.1) (1.1)
Department Stores 0.7 (0.7) 0.8
Total 11.4 9.3 10.2
Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores. The company currently operates 1,243 stores in 44 states. This includes 912 Target stores, 267 Mervyn's stores and 64 Department Stores.
Target Corporation news releases are available through Company News on Call by fax at 800-758-5804 extension 342677 or at http://www.targetcorp.com or http://www.prnewswire.com
SOURCE Target Corporation
CONTACT: Media, Susan Eich, 612-304-0700; Investors, Susan Kahn, 612-370-6735, both of Target Corporation/
