Target Corp., Sep 2011 Sales/ Trading Statement Call, Oct 06, 2011
Target Corporation (TGT)
October 06, 2011 12:00 am ET
Unknown Executive -
The comments on reported results in this summary relate to Target Corporation sales for the 4-week period ended August 27, 2011, compared with the 4-week period ended August 28, 2010. These sales results are included in the table of our sales release issued on September 1, 2011.
For the fiscal August period, reported comparable store sales increased 4.1%. This increase was driven primarily by an increase in average transaction size combined with a smaller increase in comparable store transactions. Overall, comparable store sales in August 2010 increased 1.8%. The current month's sales release quotes Gregg Steinhafel, Chairman, President and Chief Executive Officer of Target Corporation as saying, "August comparable store sales were in line with our expectations, reflecting solid results in our Back-to-School and Back-to-College categories. While the pace of the economic recovery isComplete Story »