Target Sales Up a Solid 5.4 Percent
MINNEAPOLIS, Nov. 30 /PRNewswire/ -- Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended November 25, 2000 increased 10.8 percent to $3.272 billion from $2.953 billion a year ago. Comparable-store sales increased 5.4 percent from the same period a year ago.
``Comparable-store sales were modestly above plan for the month of
November, reflecting solid performance at all three divisions,'' said Bob
Ulrich, chairman and chief executive officer of Target Corporation.
Sales Total sales Comparable Stores
(millions) % Change % Change
November
Target $2,607 13.8 5.9
Mervyn's 379 5.3 5.3
Department Stores 246 0.9 0.9
Other 40 (31.8) na
Total $3,272 10.8 5.4
Year-to-date
Target $21,780 10.9 4.0
Mervyn's 3,098 0.9 1.1
Department Stores 2,234 (3.1) (3.7)
Other 341 (3.1) na
Total $27,453 8.3 2.9
Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores. The company currently operates 1,309 stores in 46 states. This includes 978 Target stores, 267 Mervyn's stores and 64 Department Stores.
Comments regarding the company's sales results are available in a pre-recorded telephone message that may be accessed by calling 612-370-6500.
Target Corporation news releases are available at http://www.target.com or http://www.prnewswire.com , or by fax, through Company News on Call at 800-758-5804 extension 342677.