ASAP fashion news archive - apparel industry news from before September 2005
This page is part of the ASAP fashion news archive on Apparel Search, which collected apparel, fashion and textile industry news from before September 2005. For current coverage, see the Apparel Search news page and the fashion blog.
From: ASAP
Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended August 2, 2003 increased 10.9 percent to $3.303 billion from $2.979 billion for the four-week period ended August 3, 2002. Comparable-store sales increased 3.1 percent from fiscal July 2002.
"Sales at Target Corporation were on plan in July, driven by slightly- above-plan sales at Target Stores," said Bob Ulrich, chairman and chief executive officer of Target Corporation.
Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores, as well as a direct mail and on-line business called target.direct. At month-end, the company operated 1,519 stores in 47 states. This included 1,191 Target stores, 266 Mervyn's stores and 62 Marshall Field's stores.