Target reports weaker March sales
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Minneapolis-based retailer Target reports that same-store sales in March dropped from the previous month by 4.4 percent.
MPR Photo/Nikki Tundel
March was a tough month for retailers, and Target was no exception.
Target Corporation says same-store sales fell 4.4 percent. The company says that was a bit worse than it expected. Target says an earlier Easter is partly to blame.
Analysts surveyed by Thomson Financial had expected only a 2.7 percent drop in same-store sales.
Target says for April, it expects same-store sales to rise in the mid-single-digit range.
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