Target Reports May Sales Results
Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended May 26, 2012 were $5,038 million, an increase of 5.0 percent from $4,799 million for the four weeks ended May 28, 2011. On this same basis, May comparable-store sales increased 4.4 percent.
“Target’s May comparable-store sales were at the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "As we reflect on Target's first 50 years and celebrate the power of our brand, the resilience of our strategy and the strength of our talented team, we’re confident that Target is well-positioned to continue delivering a superior guest experience and strong financial performance for many years to come.”
Minneapolis-based Target Corporation serves guests at 1,764 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target’s commitment to corporate responsibility, visitTarget.com/hereforgood.