Here’s Why Target Will Stop Reporting Monthly Sales
Another Smart company
By Dan Ritter
Target announced in a press release that it will stop reporting monthly sales figures. According to CFO John Mulligan, the move is “consistent with the practice of the vast majority of our retail peers.”
In the company’s press release, Mulligan continues, “We believe aligning our sales guidance and reporting with disclosure of our quarterly financial results will create a longer-term focus and provide greater understanding of our sales results in the context of our overall financial performance.”
Target saw a 2.6 percent increase in net retail sales for the five weeks ended September 29 compared to the period last year, and a 4.5 increase this year to date.