Target (TGT) Same Store Sales Fall 6.1% in May
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Target Corporation (NYSE: TGT) today reported net sales for the month of May fell 2.3% from $4.56 billion to $4.458 billion. Same store sales for the period fell 6.1%.
On a year-to-date basis, sales were down 0.2% to $18.819 billion, with comps down 4.2%.
Gregg Steinhafel, chairman, president and CEO, said, "Sales for the month of May were somewhat below our expectations."
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