Target June sales up 2.6 percent, but rise at 'low end' of expected range - Bring Me The News

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.
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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:

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