Target Feb. comps beat expectations

MINNEAPOLIS Target reported that its net retail sales for the four weeks ended Feb. 27 were $4.6 billion, an increase of 6% from $4.4 billion for the four weeks ended Feb. 28, 2009.

On this same basis, February comparable-store sales increased 2.4%.

“February comparable-store sales were modestly above our expectations,” said Gregg Steinhafel, Target chairman, president and CEO. “We continue to experience year-over-year increases in guest traffic in our stores, reflecting the relevance of our strategy and assortment in combination with a slowly recovering