MINNEAPOLIS, Sept. 1 /PRNewswire-FirstCall/ -- Target Corporation
(NYSE: TGT) today reported that its net retail sales from continuing
operations (principally Target Stores) for the four weeks ended August 27,
2005 increased 12.2 percent to $3.862 billion from $3.442 billion for the
four-week period ended August 28, 2004. On this same basis, comparable-store
sales increased 6.3 percent from fiscal August 2004.
The sales plan for the month was a comparable-store increase in the range
of 4 to 6 percent.
"Our same-store sales growth in the month of August was slightly above our
planned range for the month," said Bob Ulrich, chairman and chief executive
officer of Target Corporation.
Sales Total Sales Comparable Stores % Change
Continuing Operations (millions) % Change This Year Last Year
August $3,862 12.2 6.3 1.8
Year-to-Date $26,701 13.0 6.5 5.0
Forward-looking statements in this release should be read in conjunction
with the cautionary statements in Exhibit (99)C to the company's First Quarter
2005 Form 10-Q.
Target Corporation operates Target Stores, a chain of large, general
merchandise discount stores consisting of 1,351 locations in 47 states, as
well as an on-line business called Target.com.
Comments regarding the company's sales results are available in a pre-
recorded telephone message that may be accessed by calling 612-761-6500.
Target Corporation news releases are available at http://www.target.com or
SOURCE Target Corporation
CONTACT: Susan Kahn (investor), 1-612-761-6735, or Cathy Wright
(financial media), 1-847-615-1538, both of Target Corporation
2312 09/01/2005 08:25 EDT http://www.prnewswire.com