Target October SSS +2.4%

Target

today reported that its net retail sales for the four weeks ended October 27, 2012 were $4,982 million, an increase of 3.0 percent from $4,839 million for the four weeks ended October 29, 2011. On this same basis, October comparable-store sales increased 2.4 percent. “While Target's October comparable-store sales were near the low end of our expected range, our third quarter comparable-store sales increase of 2.9 percent was in line with our guidance,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “As we enter the fourth quarter we feel very good about our holiday season merchandising and marketing plans and our ability to deliver outstanding value for our