Quantcast


Last updated: February 16. 2013 8:36PM - 64 Views

Story Tools:

Font Size:

Social Media:

(AP) Target says revenue at stores open at least a year rose 4.2 percent in August as families began their back-to-school shopping.


The increase was greater than Wall Street predicted. Analysts surveyed by Thomson Reuters expected 3.1 percent growth.


Revenue from stores open at least a year is a key gauge of a retailer's health because it excludes volatility from stores recently opened or closed.


Total sales for the four weeks ended Aug. 25 rose 4.7 percent to $5.54 billion.


Year-to-date revenue in stores open at least one year rose 4.2 percent as well. Total revenue rose 4.8 percent to $38.5 billion.


The discount retailer expects revenue at comparable stores will rise in the low single-digit percentage range in September.


Target Corp. is based in Minneapolis.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com