MINNEAPOLIS--(BUSINESS WIRE)--April 11, 2007--Target Corporation
(NYSE:TGT) today reported that its net retail sales for the five weeks
ended April 7, 2007 increased 16.8 percent to $5.592 billion from
$4.789 billion for the five-week period ended April 1, 2006. On this
same basis, comparable-store sales increased 12.0 percent.
"Our March comparable store sales growth, which reflected the
benefit of this year's earlier Easter holiday, was in line with our
expectations," said Bob Ulrich, chairman and chief executive officer
of Target Corporation. "For the combined March/April period, we
continue to expect that Target's comparable store sales will increase
in the range of 4 to 6 percent."
Sales Total Sales Comparable Stores % Change
--------------------------
(millions) % Change This Year Last Year
---------- ----------- ------------- ------------
March $5,592 16.8 12.0 2.2
Year-to-date $9,720 14.1 9.2 2.8
As a reminder, our current sales disclosure practice includes a
sales recording on the day of our monthly sales release and one
mid-month sales update. Consistent with this practice, a new message
was recorded earlier today. Our next sales recording is expected to be
issued after the market closes on Monday, April 23, 2007. These
recordings may be accessed by calling 612-761-6500.
Target Corporation's operations include large, general merchandise
discount stores and a fully integrated on-line business through which
we offer a fun and convenient shopping experience with thousands of
highly differentiated and affordably priced items. The company
currently operates 1,502 Target stores in 47 states. Target
Corporation news releases are available at www.target.com.
CONTACT: Target Corporation
Investor:
Susan Kahn, 612-761-6735
SOURCE: Target Corporation
