Target Corporation (TGT) April Sales up 9.0%

Target Corporation (NYSE: TGT) reported that its net retail sales for the four weeks ended May 3, 2008 increased 9.0% to $4,253 million from $3,903 million for the four weeks ended May 5, 2007. On this same basis, April comparable store sales increased 3.1 percent.

"Comparable store sales performance in April was slightly below our planned range." said Gregg Steinhafel, chief executive officer of Target Corporation. As a reminder, the timing of Easter this year compared with a year ago benefited Target's April reported sales results. [jt]

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