Target meets Feb. comps goals

MINNEAPOLIS Target today reported that its net retail sales for the four weeks ended March 1 increased 5.9% to $4.4 billion from $4.1 billion for the four weeks ended March 3, 2007. On this same basis, February comparable-store sales increased 0.5%.

“Our comparable store sales performance in February was in line with our planned range,” said Bob Ulrich, chairman and chief executive officer of Target.

Target had called for February comps to be down 1% to up 1%.