Target (TGT) Reports 2% Increase in July Same-Store Sales
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Target (NYSE: TGT) reports total sales for the month of July were $4.585 billion, up 3.8% from the same period last year. Same store sales rose 2%.
“July sales were in line with expectations,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “Store traffic and apparel sales were strong, and we continued to experience soft sales in electronics, video games, music and movies. Retail segment expenses remain well-controlled, and profitability in our credit-card segment continues to be strong. Our team continues to focus on disciplined execution of our strategy in an uncertain environment.”
“July sales were in line with expectations,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “Store traffic and apparel sales were strong, and we continued to experience soft sales in electronics, video games, music and movies. Retail segment expenses remain well-controlled, and profitability in our credit-card segment continues to be strong. Our team continues to focus on disciplined execution of our strategy in an uncertain environment.”
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