MINNEAPOLIS--(BUSINESS WIRE)--March 8, 2007--Target Corporation
(NYSE:TGT) today reported that its net retail sales for the four weeks
ended March 3, 2007 increased 10.7 percent to $4.128 billion from
$3.731 billion for the four-week period ended February 25, 2006. On
this same basis, comparable-store sales increased 5.7 percent.
"Our February comparable store sales growth was in line with our
expectations," said Bob Ulrich, chairman and chief executive officer
of Target Corporation.
Comparable Stores % Change
Sales Total Sales --------------------------
(millions) % Change This Year Last Year
---------- ----------- ------------- ------------
February $4,128 10.7 5.7 3.6
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, March 19, 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
or
Financial Media:
Cathy Wright, 847-615-1538
SOURCE: Target Corporation