2014 In Review // Local: News, Sports Nat'l: News, Sports, Entertainment, Talkers | Top 20 Most Read Stories 

Local

Target August Revenue Figure Rises

View Comments
(credit: Justin Sullivan/Getty Images)

(credit: Justin Sullivan/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. WCCO Viewers' Choice For Best Chinese Restaurant In MN
  2. Patina Ends Online Sales
  3. 2 MN Colleges Among Best In Nation For Food
  4. CDC Reviews Atlanta Lab Mistake That Exposed Workers To Ebola
  5. It's Boxing Day!

MINNEAPOLIS (AP) — Target says revenue at stores open at least a year rose 4.2 percent in August as families began their back-to-school shopping.

The increase was greater than Wall Street predicted. Analysts surveyed by Thomson Reuters expected 3.1 percent growth.

Revenue from stores open at least a year is a key gauge of a retailer’s health because it excludes volatility from stores recently opened or closed.

Total sales for the four weeks ended Aug. 25 rose 4.7 percent to $5.54 billion.

Year-to-date revenue in stores open at least one year rose 4.2 percent as well. Total revenue rose 4.8 percent to $38.5 billion.

The discount retailer expects revenue at comparable stores will rise in the low single-digit percentage range in September.

Target Corp. is based in Minneapolis.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,560 other followers