Target Corporation 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.
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, July 10, 2008. These recordings may be accessed by calling 612-761-6500.
Target Corporation's retail segment includes large, general merchandise and food discount stores, and a fully integrated on-line business called Target.com.
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