MINNEAPOLIS, Feb. 29 /PRNewswire/ -- Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended Feb. 26, 2000 increased 8.7 percent to $2.194 billion from $2.019 billion a year ago. Comparable-store sales increased 3.8 percent from the same period a year ago. "Sales for the corporation were essentially on plan in February," said Bob Ulrich, chairman and chief executive officer of Target Corporation.
Sales Total Sales Stores
(millions) % Change % Change
Target $1,744 11.7 5.4
Mervyn's 245 0.7 1.0
Department Stores 184 (4.2) (5.1)
Other 21 (6.1) na
Total $2,194 8.7 3.8
Target Corporation today also issued its fourth-quarter and fiscal 1999 earnings results in a separate news release.
Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores. The company currently operates 1,238 stores in 44 states. This includes 907 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/