Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Martin Moylan
ST. PAUL, Minn.

Sandy depresses Target sales, traffic

Go Deeper.

Create an account or log in to save stories.

Log inCreate a free Account

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Show me!

Superstorm Sandy depressed traffic and sales at Target stores for the four weeks ending last Saturday.

Target, the nation's second-largest discount chain, posted a 1-percent decline in same-store sales. The company's share price dropped as much as 3 percent in trading shortly after the announcement. Same-store sales are a key indicator of a retailer's growth because new and closed sites are excluded from the calculation.

Target said sales were weaker-than-planned in the first two weeks of the month, as the Northeast started to try to recover from Sandy. The superstorm, which may have caused $50 billion in damage, closed stores and cut spending in the Northeast after making landfall Oct. 29.

One analyst expects the storm may have depressed U.S. retail sales in November, which normally benefit from holiday sales promotions. Sales at Macy's and the Gap have also fallen short of forecasts.