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Target May sales rise 5.5%


MINNEAPOLIS Target reported that its net retail sales for May increased 5.5% to $4.6 billion from $4.3 billion for the same period last year. On this same basis, May comparable-store sales decreased 0.7%.

Our comparable store sales performance in May was in line with our planned range, said Gregg Steinhafel, president and ceo of Target.

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