Target reports flat monthly sales

MINNEAPOLIS Target reported that its net retail sales for the four weeks ended Feb. 28 were $4.37 billion, unchanged from $4.37 billion for the four weeks ended March 1, 2008. On this same basis, February comparable-store sales declined 4.1%.

“February sales were in line with our planned range for the month, as our sales results continue to reflect the significant economic challenges facing our guests.” said Gregg Steinhafel, chairman, president and CEO of Target.