Monday, July 11, 2011

Target reports double digit grocery comps

Lat week Target reported that comparable year-on-year store grocery sales for June were up in the mid-teens. A couple months ago, the mega-retailer reported comparable grocery sales for April increased by 30%. As for overall store sales in June, the increase was 4.5%.

In the Northeast, comparable store sales in June were "positive but softer than average."

Recent blog posts about Target:

Target CEO provides his take on PFresh
Target sets more food expansion
Target's grocery format is gearing up for growth

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