Financial News Release

Target Corporation October Sales Increase 9.7 Percent

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 8, 2007--Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended November 3, 2007 increased 9.7 percent to $4,445 million from $4,054 million for the four-week period ended October 28, 2006. On this same basis, comparable-store sales increased 4.1 percent.

"Due to strength in the last week of the month which benefited from year-over-year Halloween timing, our October comparable store sales were at the high end of the range provided in our mid-month update," said Bob Ulrich, chairman and chief executive officer of Target Corporation. "However, for the second straight month, we experienced soft sales in our higher margin categories."

                       Sales    Total Sales Comparable Stores % Change
                     (millions)  % Change    This Year     Last Year
                     ---------- ----------- ------------ -------------
October                 $ 4,445     9.7         4.1           3.9

Third Quarter           $14,342     9.0         3.7           4.6

Year-to-date            $42,132     9.1         4.3           4.8

As a reminder, our current sales disclosure practice includes a sales recording on the day of our monthly sales release and one mid-month sales update. Consistent with this practice, a new message was recorded earlier today. Our next sales recording is expected to be issued after the market closes on Monday, November 19, 2007. These recordings may be accessed by calling 612-761-6500.

Target Corporation's operations include large, general merchandise and food discount stores and a fully integrated on-line business through which we offer a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. The company currently operates 1,591 Target stores in 47 states. Target Corporation news releases are available at

CONTACT: Target Corporation
Susan Kahn, 612-761-6735
John Hulbert, 612-761-6627

SOURCE: Target Corporation