Target monthly sales up 4.7%

MINNEAPOLIS Target reported that its net retail sales for the four weeks ended Aug. 2 increased 4.7% to $4.6 billion from $4.4 billion for the four weeks ended Aug. 4, 2007. On this same basis, July comparable-store sales declined 1.2%.

“Our comparable-store sales performance in July was near the low end of our -1% to +1% planned range,” said Gregg Steinhafel, president and ceo of Target.