Skip to main content
Updated:
Original:

Target June sales up 2.6 percent, but rise at 'low end' of expected range

Target Corporation on Thursday reported that its net retail sales for the five weeks ended June 30, 2012 were $6.4 billion, an increase of 2.6 percent from a similar five-week period last year.
Author:

Minnesota-based retailer Target's June sales ticked up compared to a similar period last year, but the retailer was a bit disappointed.

“Following better-than-expected performance in May, our June comparable-store sales were near the low end of our expected range," Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation, said in a news release.

In other Target news, the retail giant plans to hire 27,000 workers for its new Canadian stores, the Toronto Star reports.

Reuters says U.S. retailers in general took a bit of a hit in June.

Bloomberg takes a look at June retail sales overall:

Next Up

Cam Talbot / Minnesota Wild

Talbot leads Wild to 7th straight victory

The Wild opened a four-game road trip with a win in Edmonton.

Paige Bueckers

Paige Bueckers out 6-8 weeks with injury

The Hopkins native was hurt during Sunday's matchup with Notre Dame.

Anthony Barr

Vikings' defense could get reinforcements against Steelers

Several starters could return for a critical Thursday night matchup.

Mercer ATV accident fundraiser

High schooler in coma, fighting for his life after ATV crash

Family members found the teen on the ground and unresponsive.

Nolan Sprengeler - muskie record - nov 2021

Angler officially breaks 64-year-old state muskie record

The muskellunge he caught on Nov. 22 weighed a whopping 55 pounds, 14 ounces.

coronavirus, ICU, covid-19 hospital, doctor

4th teen COVID-19 death reported in MN is the 2nd in as many weeks

All four teenage COVID-19 deaths in the state have been reported in the past two months.

Anil Menon

Minnesota native named to NASA's new astronaut class

When he's done training, he could be sent to the space station or the moon.

broadway pizza interior facebook

Gallery: Original Broadway Pizza auctioning off everything

Get your hands on some classic Broadway signage, train-themed decor and more.

art shanty projects

Art Shanty Projects to return to Lake Harriet this winter

The festival has made some creative changes in response to the COVID-19 pandemic and climate change.

flickr - gov tim walz - mn senate dfl

After 'extraordinary' revenue growth, MN projects $7.7B surplus

But finance officials note there is still "significant risk" due to economic uncertainty.

Related

Target's October sales trail expectations

Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.

September sales even surprise Target execs

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 February sales up 8 percent to beat expectations

The Minneapolis-based retail giant says food and health care products were the strongest categories. Analysts expected a 5.2 percent rise.

Target sales beat expectations, add to strong August for retailers

Target saw sales figures climb more than four percent for the first four weeks of August. That beat the expectations of analysts who thought the Minneapolis retailer would barely clear three percent. Back to school retail spending was generally strong around the country, even though surveys show consumers are uneasy.

Target beats expectations, boosts forecast

The Minneapolis-based discount retailer reported a 1.2 percent increase for the first three months of 2012. Target is raising its full-year profit guidance.

CHS profits up 13 percent in 3Q

Inver Grove Heights-based CHS Inc. -- the largest farmer-owned cooperative in the United States -- reported net income of $405 million thanks to strong energy performance. Revenue increased nearly 5 percent to hit $11 billion. The Wall Street Journal notes CHS reported its second-quarter profit dropped 60 percent.