Financial News Release

Target Reports May Sales Results
05/31/12
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MINNEAPOLIS--(BUSINESS WIRE)--May. 31, 2012-- Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended May 26, 2012 were $5,038 million, an increase of 5.0 percent from $4,799 million for the four weeks ended May 28, 2011. On this same basis, May comparable-store sales increased 4.4 percent.

“Target’s May comparable-store sales were at the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "As we reflect on Target's first 50 years and celebrate the power of our brand, the resilience of our strategy and the strength of our talented team, we’re confident that Target is well-positioned to continue delivering a superior guest experience and strong financial performance for many years to come.”

           
Sales Total Sales

Comparable Stores % Change

(millions)

% Change

This Year

   

Last Year

May $5,038 5.0 4.4 2.8
 
Year-to-date $21,575 5.9 5.1 2.2
 

Miscellaneous
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, July 5, 2012. These recordings may be accessed by calling 866-526-7639. Text versions of our recordings are available on our Investor Relations website, www.target.com/investors, by clicking on “Financial News” and then “Monthly Sales Summaries.”

About Target
Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,764 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/hereforgood.

For more information, visit Target.com/Pressroom.

Source: Target Corporation

Target Corporation
John Hulbert, Investors, 612-761-6627
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Jenna Reck, Financial Media, 612-761-5829
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Target Media Hotline, 612-696-3400