Target (TGT) Comps Jump 1.7% During June

Target (NYSE: TGT) reports total sales for the month of June were $5.92 billion, up 4% from the same period last year. Same store sales rose 1.7%.

“Sales remained relatively soft for the second month this quarter, though we continued to experience favorable merchandise sales mix, effective retail expense control and strong profitability in our credit card segment,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “Sales trends in apparel, food, healthcare and beauty remained strong in June, while sales in electronics, video games, music and movies were particularly soft for the month. We continue to plan our business cautiously, with a focus on disciplined execution of our strategy across the company.”

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