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Third quarter off to good start at Target
A 4.2% increase in August same-store sales at Target was at the high end of the company’s forecast range.
The solid showing during August was noteworthy because it came on top of a prior year increase of 4.1% and was attributable primarily to an increase in average transaction size. According to Target, about three fourths of the increase was due to growth in ticket with increase shopper traffic accounting for the remainder of the comp increase.