A largest retailer Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the five weeks ended July 2, 2005 increased 16.0 percent to $4.575 billion from $3.943 billion for the five-week period ended July 3, 2004.
On this same basis, comparable-store sales increased 9.0 percent from fiscal June 2004.
The sales plan for the month was a comparable-store increase in the range of 4 to 6 percent.
Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,330 locations in 47 states, as well as an on-line business called Target.com.