|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
Discount retailer Target Corp. says Thursday that a key revenue measure rose 3.1 percent in January as shoppers bought holiday clearance merchandise.
Analysts had expected a 1.7 percent increase for the four weeks ended Jan. 26, according to Thomson Reuters.
The figure is based on revenue at stores opened at least a year and is considered an indicator of a retailer's health because it excludes results from stores recently opened or closed.
Total revenue for the five weeks ended Feb. 2 were $5.97 billion, up 29.6 percent from a year ago.
In a statement, Gregg Steinhafel, chairman, president and CEO of the Minneapolis-based retailer says that customers continue to shop cautiously in the face of a slow economic recovery and new financial pressures like the recent payroll tax increase.