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Target sales rise 5.4% on an equal-week basis
08
Feb '08
Target Corporation reported that its net retail sales for the four weeks ended February 2, 2008 increased 5.4 percent compared to the four weeks ended January 27, 2007. On this same equal-week basis, January comparable store sales decreased 1.1 percent.

On a fiscal month basis, net retail sales for the four weeks ended February 2, 2008 decreased 16.1% to $4,106 million from $4,896 million for the five-week period ended February 3, 2007.

"Our comparable store sales performance in January was near the lower end of our planned range," said Bob Ulrich, chairman and chief executive officer of Target Corporation.

Target's current sales disclosure practice includes a sales recording on the day of the monthly sales release. As a reminder, we no longer provide mid-month updates. Consistent with this practice, a new message was recorded earlier. The next sales recording is expected to be issued on Thursday, March 6, 2008.

Target Corporation

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