Target (TGT) July Comps Down 1.2%, Low End of Range

August 7, 2008 8:29 AM EDT
Target Corporation (NYSE: TGT) July comparable store sales declined 1.2 percent. Net retail sales for the four weeks ended August 2, 2008 increased 4.7 percent to $4,566 million

CEO Steinhafel said, "Our comparable store sales performance in July was near the low end of our -1% to +1% planned range."

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