Target Corporation today reported that its net retail sales for the four weeks ended July 30, 2011 were $4,840 million, an increase of 5.6 percent from $4,585 million for the four weeks ended July 31, 2010. On this same basis, July comparable-store sales increased 4.1 percent.
"We're very pleased with Target's July sales performance, which again was at the high end of our expected range," said Gregg Steinhafel, Chairman, President and Chief Executive Officer of Target Corporation. "In addition, back-to-school sales are off to a solid start, contributing to our confidence in the strategies we have in place and our ability to execute them, especially as we head into the 2011 holiday season."