Target Sales Grow in 2Q

Target Corp. (Minneapolis) reported sales increased 5.1 percent in the second quarter ended July 30, 2011, to $15.9 billion. Same-store sales were up 3.9 percent

“We’re very pleased with our second quarter financial results, which benefited from acceleration in the pace of our comparable-store sales growth,” says Gregg Steinhafel, chairman, president, and ceo of Target Corp. “We continue to focus on strong execution of our strategy, preparing Target to perform well in a variety of economic environments.”