Target (TGT) Comps Up 4.1% in August
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Target (NYSE: TGT) reports total sales for the month of August were $5.292 billion, up 5.4 percent from the same period last year. Same-store sales rose 4.1 percent.
Chairman, President and CEO Gregg Steinhafel, said, "August comparable-store sales were in line with our expectations, reflecting solid results in our back-to-school and back-to-college categories While the pace of the economic recovery is uneven and uncertain, we are confident in our ability to execute on our strategy, to offer the right balance of extraordinary value, convenience, newness and differentiation and to remain our guests’ preferred shopping destination."
On a year-to-date basis, total sales rose 4.1 percent to $36.77 billion. Same-store sales rose 3.1 percent, compared to a 2.2 percent rise during the same period last year.
Chairman, President and CEO Gregg Steinhafel, said, "August comparable-store sales were in line with our expectations, reflecting solid results in our back-to-school and back-to-college categories While the pace of the economic recovery is uneven and uncertain, we are confident in our ability to execute on our strategy, to offer the right balance of extraordinary value, convenience, newness and differentiation and to remain our guests’ preferred shopping destination."
On a year-to-date basis, total sales rose 4.1 percent to $36.77 billion. Same-store sales rose 3.1 percent, compared to a 2.2 percent rise during the same period last year.
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