Target on Target

Target Corp. (Minneapolis) reported an 8.4 percent increase in net retail sales from continuing operations (principally Target Stores) for the four weeks ended Aug. 28, 2004. Same-store sales increased 1.8 percent.

“Sales at Target Stores were on plan for the month of August,” said chairman and ceo Bob Ulrich.

Results reflected only the performance of the 1272 Target stores from a year ago. Since then, the retailer has sold its Marshall Field’s department store chain and is selling its Mervyn’s chain.