Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended January 28, 2012 were $4,608 million, an increase of 5.1 percent from $4,383 million for the four weeks ended January 29, 2011. On this same basis, January comparable-store sales increased 4.3 percent.
"January sales were near the high end of our expected low to mid single-digit range, reflecting strong performance in both discretionary and non-discretionary categories," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "Sales trends were healthy throughout the month and across the country. These results reflect our commitment to delivering a superior experience and providing compelling everyday value on a unique assortment designed to satisfy our guests' wants and needs."
| Â | |||||||||
| Â | Â | Sales | Â | Total Sales | Â | Comparable Stores % Change | |||
(millions) | % Change | This Year | Â | Last Year | |||||
| January | $4,608 | 5.1 | 4.3 | 1.7 | |||||
| Quarter-to-date | $20,937 | 3.3 | 2.2 | 2.4 | |||||
| Year-to-date | $68,466 | 4.1 | 3.0 | 2.1 | |||||
| Â | |||||||||
Miscellaneous
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, March 1,
2012. These recordings may be accessed by calling 866-526-7639. Text
versions of our recordings are available on our Investor Relations
website, www.target.com/investors,
by clicking on "Financial News" and then "Monthly Sales Summaries."
About Target
Minneapolis-based Target Corporation (NYSE:TGT)
serves guests at 1,763 stores across the United States and at
Target.com. The company plans to open its first stores in Canada in
2013. In addition, the company operates a credit card segment that
offers branded proprietary credit card products. Since 1946, Target has
given 5 percent of its income through community grants and programs;
today, that giving equals more than $3 million a week. For more
information about Target's commitment to corporate responsibility, visit Target.com/hereforgood.
For more information, visit Target.com/Pressroom.
Contacts:
Target Corporation
John Hulbert, Investors, 612-761-6627
or
Jenna
Reck, Financial Media, 612-761-5829
or
Target Media Hotline,
612-696-3400
