MINNEAPOLIS, Nov. 7 /PRNewswire-FirstCall/ --

Target Corporation (NYSE: TGT) today reported that its net retail sales for the four weeks ended November 2, 2002 increased 9.8 percent to $3.145 billion from $2.866 billion for the four-week period ended November 3, 2001. Comparable-store sales increased 1.5 percent from October 2001.

"Sales for the corporation were on plan in October," said Bob Ulrich, chairman and chief executive officer of Target Corporation.

                                      Sales    Total Sales  Comparable Stores
                                    (millions)  % Change        %Change
    October
    Target                           $2,605        11.6           2.1
    Mervyn's                            266        (5.8)         (5.7)
    Marshall Field's                    231         5.0           5.0
    Other                                43        52.5            na
    Total                             3,145         9.8           1.5

    Third Quarter
    Target                            8,223        10.2           1.0
    Mervyn's                            877        (4.1)         (3.8)
    Marshall Field's                    644        (3.2)         (3.2)
    Other                               141        31.3            na
    Total                             9,885         8.1           0.1

    Year-to-date
    Target                          $24,369        14.0           4.0
    Mervyn's                          2,541        (3.7)         (3.5)
    Marshall Field's                  1,789        (2.6)         (2.6)
    Other                               312        14.9            na
    Total                           $29,011        11.0           2.7

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.

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

-0- 11/07/2002

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