Thursday, July 12, 2007

Target June sales rise; strong July expected

(Reuters) - CHICAGO, July 12 - Discount retailer Target Corp. said on Thursday that sales at stores open at least a year rose 3.3 percent in June, within its own anticipated range, and forecast stronger growth for July.



Last month, Target said it expected June same-store sales to be near the lower end of its forecast of a rise of 3 percent to 5 percent. Analysts on average were expecting an increase of 3.4 percent, according to a Reuters survey.


Read more at Reuters.com Market News

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