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VOL. 36 | NO. 21 | Friday, May 25, 2012




Target key revenue figure rises in May

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MINNEAPOLIS (AP) — Target Corp. says a key sales figure rose 4.4 percent in May as shoppers spent more on food and spring clothing.

The results beat analysts' expectations tracked by Thomson Reuters I/B/E/S for a 3.5 percent increase in stores open at least a year. They were also at the high end of Target's own expectations.

Total sales for the four weeks ended May 26 rose 5 percent to $5.04 billion.

Food, clothing and health supplies were the strongest sellers.

Year-to-date, total sales rose 6 percent to $21.58 billion and revenue in stores open at least one year rose 5.1 percent.

That metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.

Target expects the June figure to rise in the low- to mid-single digits.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0