Target Corp. October Sales Up 7.9 Percent Nov 6, 2003

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Target Corporation reported that its net retail sales for the 4 weeks ended Nov. 1, 2003 increased 7.9 percent to U.S. $3.37 billion from $3.13 billion for the 4-week period ended Nov. 2, 2002. Comparable-store sales increased 1.6 percent from fiscal October 2002.

"Sales at Target Corporation were below plan in October, reflecting exceptionally weak sales at both Mervyn's and Marshall Field's," said Bob Ulrich, chairman and CEO of Target Corporation. "Sales at Target Stores were on plan for the month."

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