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Target comps sales performance in line with planned range
05 Sep '08
1 min read
Target Corporation reported that its net retail sales for the four weeks ended August 30, 2008 increased 3.1 percent to $4,852 million from $4,707 million for the four weeks ended September 1, 2007. On this same basis, August comparable store sales declined 2.1 percent.
"Our comparable store sales performance in August was in line with our planned range," said Gregg Steinhafel, president and chief executive officer of Target Corporation.
Target Corporation's retail segment includes large, general merchandise and food discount stores, and a fully integrated on-line business called Target.com. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,648 Target stores in 47 states.
"Our comparable store sales performance in August was in line with our planned range," said Gregg Steinhafel, president and chief executive officer of Target Corporation.
Target Corporation's retail segment includes large, general merchandise and food discount stores, and a fully integrated on-line business called Target.com. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,648 Target stores in 47 states.
Target Corporation
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