June 05, 2008
Target Corporation May Sales up 5.5 Percent
MINNEAPOLIS, Jun 05, 2008 (BUSINESS WIRE) -- Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended May 31, 2008 increased 5.5 percent to $4,564 million from $4,325 million for the four weeks ended June 2, 2007. On this same basis, May comparable store sales decreased 0.7 percent.
"Our comparable store sales performance in May was in line with our planned range," said Gregg Steinhafel, president and chief executive officer of Target Corporation.
---------------------Sales---------------Total Sales-------- Comparable Stores % Change
-------------------(millions)------------% Change------------This Year------Last Year
May------------- $ 4,564-----------------5.5------------------(0.7)------------5.8
Year-to-date---- $18,866-----------------5.1------------------(0.7)------------4.7
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