Target April sales up 9%

MINNEAPOLIS Target reported that its net retail sales for the four weeks ended May 3 increased 9% to $4.25 million from $3.9 million for the four weeks ended May 5, 2007. On this same basis, April comparable-store sales increased 3.1%.

“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.