Target Stores August Sales Report

Target Corporation (NYSE: TGT) reported today that net retail sales for the four weeks ending August 28, 2010 were $5,023M, up 3.4% from $4,856M for the four weeks ending August 29, 2009.

On this same basis, August comparable-store sales increased 1.8 percent.

Chairman, President, and CEO Gregg Steinhafel was quoted saying "August sales were in line with expectations, [and] we're pleased with our strong performance in back-to-school and back-to-college categories, as well as our performance in apparel and food. Guest traffic trends remained healthy throughout the month. These results demonstrate the resilience of our strategy and our ability to deliver on both sides of our 'Expect More. Pay Less.' brand promise."