The Minneapolis-based retailer's store sales shot up more than 5 percent last month, beating Wall Street and their own expectations. Target officials say their net retail sales are now topping $40 billion for the year so far.
Target surprises Wall Street with higher July sales
Target Corp. said Thursday sales at stores open at least one year rose 3.1 percent in July, higher than the 2.7 percent that Wall Street analysts had expected. Total sales rose 3.2 percent to nearly $5 billion for the four-week period that ended July 28, Minneapolis-based Target said in a news release.