MINNEAPOLIS--(BUSINESS WIRE)--Nov. 5, 2009--
Target Corporation (NYSE:TGT) today reported that its net retail sales
for the four weeks ended October 31, 2009 were $4,541 million, an
increase of 2.8 percent from $4,415 million for the four weeks ended
November 1, 2008. On this same basis, October comparable-store sales
decreased 0.1 percent.
“Sales for the month of October were slightly better than our
expectation,” said Gregg Steinhafel, chairman, president and chief
executive officer of Target Corporation. “Consistent with September
results, October comparable store transactions were positive, and
comparable store sales in apparel were slightly stronger than for the
company overall. We are entering the holiday season with very clean
inventories and we believe we are positioned to perform well in what
continues to be a challenging economic environment.”
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|
|
Sales
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Total Sales
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|
Comparable Stores % Change
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|
|
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(millions)
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% Change
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|
This Year
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|
Last Year
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|
October
|
|
$4,541
|
|
2.8
|
|
|
(0.1
|
)
|
|
(4.8
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Quarter-to-date
|
|
$14,789
|
|
1.4
|
|
|
(1.6
|
)
|
|
(3.3
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Year-to-date
|
|
$43,717
|
|
(0.3
|
)
|
|
(3.9
|
)
|
|
(1.5
|
)
|
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 3, 2009. These recordings
may be accessed by calling 612-761-6500.
Target Corporation's retail segment includes large general merchandise
and food discount stores and Target.com, a fully integrated on-line
business. In addition, the company operates a credit card segment that
offers branded proprietary and Visa credit card products. The company
currently operates 1,743 Target stores in 49 states.
Target Corporation news releases are available at www.target.com.
Source: Target Corporation
Target Corporation
Investors:
John Hulbert, 612-761-6627
or
Financial
Media:
Eric Hausman, 612-761-2054
