Bob Ulrich Sales Quotations

Our same-store sales growth in the month of August was slightly above our planned range for the month.

Our sales for the month of December were at the upper end of our expectations, driven in part by a higher mix of promotional sales,

could be at risk by a penny or two if sales remained weaker than expected.

Sales in November were on plan at Target, slightly below expectations at Mervyn's, and below plan at the department stores. Sales for the Thanksgiving weekend tracked our November divisional results.

Sales in January were above expectations at each of our divisions,

Sales in December were above plan at each of our divisions, ... We are pleased with our overall results for the holiday season.

Sales in August were essentially on plan at Target and the Department Stores, and below expectations at Mervyn's,

Sales for the corporation continued to be somewhat below plan in March. In light of our actual sales performance in February and March, and our outlook for April, we are unlikely to fully achieve our profit plan in the first quarter.

Company same-store sales growth in the month of August was slightly above our planned range for the month.

Target's comparable store sales for the month of February were in line with our expectations.