MINNEAPOLIS, March 2 /PRNewswire-FirstCall/ -- Target Corporation
(NYSE: TGT) today reported that its net retail sales for the four weeks ended
February 25, 2006 increased 10.5 percent to $3.731 billion from $3.376 billion
for the four-week period ended February 26, 2005. On this same basis,
comparable-store sales increased 3.6 percent from fiscal February 2005.
"Target's comparable store sales for the month of February were in line
with our expectations," said Bob Ulrich, chairman and chief executive officer
of Target Corporation.
Sales Total Sales Comparable Stores % Change
(millions) % Change This Year Last Year
February $3,731 10.5 3.6 9.0
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 and our next sales recording is planned for Monday, March 20, 2006.
These recordings may be accessed by calling 612-761-6500.
Target Corporation operates Target Stores, a chain of large, general
merchandise discount stores consisting of 1,395 locations in 47 states, as
well as an on-line business called Target.com. Forward-looking statements in
this release should be read in conjunction with the cautionary statements in
Exhibit (99)C to the company's Third Quarter 2005 Form 10-Q. Target
Corporation news releases are available at http://www.target.com or
SOURCE Target Corporation
CONTACT: investors, Susan Kahn, +1-612-761-6735, or financial media,
Cathy Wright, +1-847-615-1538, both of Target Corporation
6540 03/02/2006 08:25 EST http://www.prnewswire.com