Target Corp. (TGT: Quote) reported comparable-store sales growth of 7.0 percent for the month of February. Net retail sales for the four weeks were $5.13 billion, a 8.0 percent increase from $4.75 billion in the prior-year period.
President and Chief Executive stated, "February sales were well above our expectations, due to stronger-than-expected guest traffic combined with a solid increase in transaction size." The company also said it continues to plan for a first-quarter comparable-store sales increase of nearly 4 percent.
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by RTT Staff Writer
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