May comps are on Target, says Ulrich

MINNEAPOLIS Target today reported that its net retail sales for the four weeks ended June 2 increased 10.1% to $4.3 billion from $3.92 billion for the four-week period ended May 27, 2006. On this same basis, comparable-store sales increased 5.8%.

"Our comparable-store sales in May were in line with our expectations," said Bob Ulrich, chairman and ceo of Target.

For the year-to-date period, total sales increased 9.3% to 18 billion. Comparable-store sales increased 4.7%.