MINNEAPOLIS (AP) -- Discount retailer Target Corp. says Thursday that a key revenue measure rose 3.1 percent in January as shoppers bought holiday clearance merchandise.
Analysts had expected a 1.7 percent increase for the four weeks ended Jan. 26, according to Thomson Reuters.
The figure is based on revenue at stores opened at least a year and is considered an indicator of a retailer's health because it excludes results from stores recently opened or closed.
Total revenue for the five weeks ended Feb. 2 were $5.97 billion, up 29.6 percent from a year ago.
In a statement, Gregg Steinhafel, chairman, president and CEO of the Minneapolis-based retailer says that customers continue to shop cautiously in the face of a slow economic recovery and new financial pressures like the recent payroll tax increase.
Recipe for Cajun Rib-eye, Cheddar Potato Cakes & Corn on Cobb with Voodoo Butter Ingredients for four people 4-Ribeyes (any Steak Works) ½ cup Cajun Seasoning ( Recipe Follows) 1 Cup Voodoo ButterMore >>
Recipe for "Little Bit of Cajun" ... from Wildwood Sports Bar & GrillMore >>
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Lynn Jacobs at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at email@example.com.