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    Target August revenue figure rises

    Associated Press – Thu, Aug 30, 2012

    MINNEAPOLIS (AP) — Target says revenue at stores open at least a year rose 4.2 percent in August as families began their back-to-school shopping.

    The increase was greater than Wall Street predicted. Analysts surveyed by Thomson Reuters expected 3.1 percent growth.

    Revenue from stores open at least a year is a key gauge of a retailer's health because it excludes volatility from stores recently opened or closed.

    Total sales for the four weeks ended Aug. 25 rose 4.7 percent to $5.54 billion.

    Year-to-date revenue in stores open at least one year rose 4.2 percent as well. Total revenue rose 4.8 percent to $38.5 billion.

    The discount retailer expects revenue at comparable stores will rise in the low single-digit percentage range in September.

    Target Corp. is based in Minneapolis.

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