Target

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Posted October 7, 2005

Target Corp. (Minneapolis) reported an 11.4 percent increase in net retail sales for the five weeks ended Oct. 1, 2005. Same-store sales increased 5.6 percent.

The sales plan for the month was a comparable-store increase in the range of 4 to 6 percent.

“Our same-store sales growth in September was in line with our planned range for the month,” said chairman and ceo Bob Ulrich. “Importantly, we have continued to enjoy robust gross margin rate performance in the third quarter to-date similar to our strong first half trends.”