Financial News Release

Target Corporation Reports July Sales Results
08/05/10
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MINNEAPOLIS, Aug 05, 2010 (BUSINESS WIRE) --

Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended July 31, 2010 were $4,585 million, an increase of 3.8 percent from $4,418 million for the four weeks ended August 1, 2009. On this same basis, July comparable-store sales increased 2.0 percent.

"July sales were in line with expectations," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "Store traffic and apparel sales were strong, and we continued to experience soft sales in electronics, video games, music and movies. Retail segment expenses remain well-controlled, and profitability in our credit-card segment continues to be strong. Our team continues to focus on disciplined execution of our strategy in an uncertain environment."

Sales Total Sales

Comparable Stores % Change

(millions)

% Change

This Year

Last Year

July $ 4,585 3.8 2.0 (6.5 )
Quarter-to-date $ 15,126 3.8 1.7 (6.2 )
Year-to-date $ 30,284 4.7 2.2 (5.0 )

Target's current sales disclosure practice includes a sales recording on the day of the monthly sales release. Consistent with this practice, a new message was recorded earlier today. The next sales recording is expected to be issued on Thursday, September 2, 2010. These recordings may be accessed by calling 612-761-6500.

Target Corporation's retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. In addition, the company operates a credit card segment that offers branded proprietary credit card products. The company currently operates 1,743 Target stores in 49 states.

Target Corporation news releases are available at www.target.com.

SOURCE: Target Corporation

Target Corporation
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John Hulbert
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or
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612-761-2054