Target (TGT) August Comps Down 2.9%, But Above Expectations
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Target Corporation (NYSE: TGT) August comparable-store sales decreased 2.9%, above expectations.
Target said net retail sales for the four weeks ended August 29, 2009 were $4,856 million, an increase of 0.1%.
The CEO said, "Guest traffic in August was essentially flat to last year, marking a meaningful improvement from second quarter trends. We're pleased with these results, which we believe reflect the resilience of both our guests and our strategy in a challenging environment."
Target said net retail sales for the four weeks ended August 29, 2009 were $4,856 million, an increase of 0.1%.
The CEO said, "Guest traffic in August was essentially flat to last year, marking a meaningful improvement from second quarter trends. We're pleased with these results, which we believe reflect the resilience of both our guests and our strategy in a challenging environment."
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