Target August sales up 3.1%

9/4/2008

MINNEAPOLIS Target reported that its net retail sales for the four weeks ended Aug. 30 increased 3.1% to $4.85 billion from $4.7 billion for the four weeks ended Sept. 1, 2007. On this same basis, August comparable-store sales declined 2.1%.

“Our comparable-store sales performance in August was in line with our planned range,” said Gregg Steinhafel, president and ceo of Target Corporation.