MINNEAPOLIS, Nov 03, 2011 (BUSINESS WIRE) -- Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended October 29, 2011 were $4,839 million, an increase of 4.3 percent from $4,641 million for the four weeks ended October 30, 2010. On this same basis, comparable-store sales increased 3.3 percent in October and 4.3 percent in the third quarter.
"We're pleased with Target's third-quarter comparable-store sales performance," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "We believe our unique merchandise assortment, exceptional everyday prices and superior shopping experience are more relevant than ever in these challenging economic times. We're confident that our merchandising and marketing plans position Target to drive strong results throughout the holiday season and beyond."
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Sales |
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Total Sales |
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Comparable Stores % Change |
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(millions) |
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% Change |
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This Year |
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Last Year |
| October |
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4,839 |
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4.3 |
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3.3 |
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1.7 |
| Quarter-to-date |
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16,054 |
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5.4 |
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4.3 |
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1.6 |
| Year-to-date |
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47,529 |
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4.4 |
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3.4 |
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2.0 |
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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, December 1, 2011. These recordings may be accessed by calling 866-526-7639. Text versions of our recordings are available on our Investor Relations website, http://www.target.com/investors, by clicking on "Financial News" and then "Monthly Sales Summaries."
About Target
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,767 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target's commitment to corporate responsibility, visit Target.com/hereforgood.
For more information, visit Target.com/Pressroom.
SOURCE: Target Corporation
Target Corporation
John Hulbert, Investors, 612-761-6627
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Jenna Reck, Financial Media, 612-761-5829
or
Target Media Hotline, 612-696-3400
