MINNEAPOLIS, Nov. 2 /PRNewswire/ --- Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended October 28, 2000 increased 9.1 percent to $2.639 billion from $2.420 billion a year ago. Comparable-store sales increased 3.5 percent from the same period a year ago.

"Sales for the Corporation were slightly better than plan during October, driven by stronger-than-expected sales at Mervyn's. Sales at Target were essentially on plan for the month, while sales at our Department Stores were below plan in October," said Bob Ulrich, chairman and chief executive officer of Target Corporation.

Target Corporation

                            Sales       Total Sales   Comparable Stores
                          (millions)     % Change        % Change

    October
    Target                 $2,070           11.8            4.1
    Mervyn's                  288            7.6            7.6
    Department Stores         252           (4.6)          (4.6)
    Other                      29          (20.1)            na
    Total                  $2,639            9.1            3.5

    3rd quarter
    Target                 $6,649           10.4            3.5
    Mervyn's                  963            3.9            3.9
    Department Stores         713           (2.6)          (3.0)
    Other                     119           (6.2)            na
    Total                   8,444            8.1            2.9

    Year-to-date
    Target                $19,172           10.6            3.8
    Mervyn's                2,719            0.4            0.5
    Department Stores       1,988           (3.6)          (4.2)
    Other                     303            3.2             na
    Total                 $24,182            7.9            2.6

Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores. The company currently operates 1,309 stores in 46 states. This includes 978 Target stores, 267 Mervyn's stores and 64 Department Stores.

Comments regarding the company's sales results are available in a pre-recorded telephone message that may be accessed by calling 612-370-6500.

Target Corporation news releases are available through Company News on Call by fax at 800-758-5804 extension 342677 or at http://www.target.com or http://www.prnewswire.com SOURCE Target Corporation

CONTACT: Susan Kahn of Target Corporation, 612-370-6735/