Target Rolls Out May Sales Results


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Fri. June 1st, 2012 - by Jordan Okumura-Wright

<p><strong>Minneapolis, MN</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Target Corporation has reported its net retail sales as $5,038 million for the four weeks that ended May 26, 2012. This number is an increase of 5% when compared to $4,799 million for the similar four week period that ended May 28, 2011. An increase of 4.4% was reported for comparable-store sales for the four week period from the 2011 to 2012 comparable periods.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> The company has plans to open its first stores in Canada next year, 2013. The corporation currently operates 1,764 stores across the United States and at Target.com. The company's practice when disclosing its sales figures includes a sales recording on the day of the monthly sales release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Gregg Steinhafel, Chairman, President and CEO of Target Corporation, states, "Target's May comparable-store sales were at the high end of our expected range." He continues, "As we reflect on Target's first 50 years and celebrate the power of our brand, the resilience of our strategy and the strength of our talented team, we're confident that Target is well-positioned to continue delivering a superior guest experience and strong financial performance for many years to come.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.target.com" target="_new">Target </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">