MINNEAPOLIS, May 08, 2008 (BUSINESS WIRE) -- Target Corporation (NYSE:TGT) today reported that its net retail
sales for the four weeks ended May 3, 2008 increased 9.0 percent to
$4,253 million from $3,903 million for the four weeks ended May 5,
2007. On this same basis, April comparable store sales increased 3.1
percent.
"Comparable store sales performance in April was slightly below
our planned range." said Gregg Steinhafel, chief executive officer of
Target Corporation. As a reminder, the timing of Easter this year
compared with a year ago benefited Target's April reported sales
results.
Sales Total Sales Comparable Stores % Change
(millions) % Change This Year Last Year
---------- ----------- --------------------------
April $ 4,253 9.0 3.1 (6.1)
March/April Combined $ 9,929 4.6 (1.3) 3.8
Year-to-date $14,302 5.0 (0.7) 4.3
Target's current sales disclosure practice includes a sales
recording on the day of the monthly sales release. Consistent with
this practice, a new message was recorded earlier today. The next
sales recording is expected to be issued on Thursday, June 5, 2008.
These recordings may be accessed by calling 612-761-6500.
Target Corporation's operations include large, general merchandise
and food discount stores and a fully integrated online business
through which it offers a fun and convenient shopping experience with
thousands of highly differentiated and affordably priced items. The
company currently operates 1,613 Target stores in 47 states. Target
Corporation news releases are available at www.target.com.
SOURCE: Target Corporation
Target Corporation
John Hulbert, 612-761-6627
