Target Reports a 3.8% Sales Gain in July 2010

Target reported net sales of USD 4.585 billion for the four weeks ended July 31, 2010, a 3.8% increase over numbers reported for the same period in 2009. Comparable-store sales (comps) grew 2.0%. Traffic was referenced as 'strong.' Apparel comps were above the company average, whereas relatively soft performance was cited for electronics, video games, music, and movies. Fiscal year-to-date sales increased 4.7% to USD 30.284 billion. Comps grew 2.2%. On August 5, 2010, Target operated 1,743 stores in 49 states.