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Target, Costco Report Higher Sales In July

New York – Target
and Costco both reported higher overall sales and comp-store sales in July.

Target said net
retail sales for the four weeks, ended July 28, were $4.99 billion, an increase
of 3.2 percent from $4.84 billion for the same period last year. July comp-store
sales increased 3.1 percent.

“We’re pleased
with Target’s July comparable-store sales increase of 3.1 percent,” said
Gregg Steinhafel, chairman, president and CEO of Target. And while he called
the current market “quite challenging,” Steinhafel noted, “In addition, our
second-quarter comparable-store sales increase of 3.1 percent was right in line
with our expectation going into the quarter.”

Costco reported
net sales of $7.25 billion for the month of July, the four weeks ended July 29,
an increase of 8 percent from $6.74 billion during the similar period last

Comp-store sales
in the U.S. were up 8 percent during the month excluding gasoline sales.