MINNEAPOLIS, Dec. 5 /PRNewswire-FirstCall/ --Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended November 30, 2002 increased 1.0 percent to $3.937 billion from $3.897 billion for the four-week period ended December 1, 2001. Comparable-store sales decreased 6.7 percent from November 2001.

"Sales in November, which reflected seven fewer post-Thanksgiving shopping days compared with last year, were slightly better than expected for the corporation overall," said Bob Ulrich, chairman and chief executive officer of Target Corporation. "For the combined November/December period, our outlook for comparable store sales remains unchanged in the range of 0 to +2 percent."

Target Corporation

                                     Sales     Total Sales  Comparable Stores
                                   (millions)   % Change         %Change
    November
    Target                           $3,313         3.2           (5.7)
    Mervyn's                            339       (12.5)         (12.5)
    Marshall Field's                    221       (10.5)         (10.5)
    Other                                64        21.7             na
    Total                            $3,937         1.0           (6.7)

    Year-to-date
    Target                          $27,681        12.6            2.7
    Mervyn's                          2,880        (4.8)          (4.6)
    Marshall Field's                  2,011        (3.6)          (3.6)
    Other                               376        16.0             na
    Total                           $32,948         9.7            1.5

Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores, as well as a direct mail and on-line business called target.direct. At month-end, the company operated 1,476 stores in 47 states. This included 1,148 Target stores, 264 Mervyn's stores and 64 Marshall Field's stores.

Forward-looking statements in this release should be read in conjunction with the cautionary statements in Exhibit (99)C to the company's 2001 Form 10-K.

Comments regarding the company's sales results are available in a pre- recorded telephone message that may be accessed by calling 612-761-6500. Target Corporation news releases are available at www.target.com or www.prnewswire.com .

SOURCE Target Corporation

/CONTACT: Susan Kahn, investors, +1-612-761-6735, or Cathy Wright, financial media, +1-612-761-6627, both of Target Corporation/