Target Crushes December Sales Expectations (TGT)

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By Paul Ausick Published
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Target Corp. (NYSE: TGT) reported that January same-store sales rose 4.3%, more than double the 2.1% estimate from retail analysts. Total sales for the month totaled $4.61 billion, up 5.1% from January 2011.

This year’s same-store sales increase is far better than the 1.7% year-over-year jump Target reported for January 2011. In its statement, Target noted that sales were strong for both discretionary and non-discretionary items, and that “sales trends were healthy throughout the month and across the country.”

Shares are up about 2.4% in pre-market trading at $51.42 in a 52-week range of $45.28-$56.00.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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