Target Corporation reported on Thursday that its net retail sales for the 4 weeks ended May 31, 2003 increased 7.5 percent to U.S. $3.20 billion from $2.98 billion for the 4-week period ended June 1, 2002. Comparable-store sales increased 0.7 percent from fiscal May 2002.
"Sales for the corporation were on plan in May," said Bob Ulrich, chairman and CEO of Target Corporation. "While we are satisfied with the way this quarter has begun, June's contribution to our second quarter earnings performance is typically more significant than either May or July."
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