Dayton Hudson April sales up 11.8 percent.MINNEAPOLIS--(BUSINESS WIRE)--May 4, 1995--Dayton Hudson Hudson, towns, United States Hudson. 1 Industrial town (1990 pop. 17,233), Middlesex co., E central Mass., on the Assabet River, in an apple-growing region; settled c.1699, inc. 1866. Corporation today reported that its net retail sales for the four weeks ended April 29, 1995 increased 11.8 percent to $1.480 billion from $1.324 billion a year ago. Comparable-store sales increased 6.1 percent from the same period a year ago. "Dayton Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and Hudson's This article is about the defunct chain of department stores. For the former parent company formed by the 1969 merger with Dayton's, see Target Corporation. Hudson's, or The J.L. April sales reflect the shift of Easter Easter [A.S. Eastre, name of a spring goddess], chief Christian feast, commemorating the resurrection of Jesus after his crucifixion. In the West, Easter is celebrated on the Sunday following the full moon next after the vernal equinox (see calendar); thus, it into April and generally weak apparel sales across all three divisions," said Bob Ulrich
Robert J. Ulrich (born 1944) is the chief executive officer and chairman of the Target Corporation, the sixth-largest retailer in the United States. , chairman and chief executive officer of Dayton Hudson Corporation. "As we previously announced, we expect to post first-quarter earnings well below last year's earnings per share of 47 cents. Primarily due to Mervyn's weak results in the first three months, we expect first-quarter 1995 earnings per share of approximately 10 cents. In addition, this earnings decline reflects weaker-than-expected first-quarter sales at the Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. . Our plans to improve Mervyn's performance give us continued optimism about our full-year results, particularly in the second half." April sales by business segment for the four weeks were as follows: o Target's total sales increased 17.4 percent and comparable-store sales increased 9.2 percent. o Mervyn's total sales increased 3.5 percent and comparable-store sales increased 1.5 percent. o The Department Store Division's total and comparable-store sales decreased 1.2 percent. Sales for the 13 weeks ended April 29, 1995 were $4.625 billion, up 5.7 percent from $4.377 billion in the same period a year ago. Comparable-store sales for the 13-week period were up 0.4 percent compared to the same period last year. Dayton Hudson Corporation specializes in large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores. At month end, Dayton Hudson operated 972 stores in 33 states. CONTACT: Dayton Hudson Corporation, Minneapolis Minneapolis (mĭn'ēăp`əlĭs), city (1990 pop. 368,383), seat of Hennepin co., E Minn., at the head of navigation on the Mississippi River, at St. Anthony Falls; inc. 1856. Media: Susan Eich, 612/304-0700 or Investor: Susan Kahn, 612/370-6735 |
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