Target Corporation's net retail sales from continuing operations for the four weeks ended August 28, 2004 increased 8.4% to $3.442 billion from $3.175 billion for the four-week period ended August 30, 2003. On this same basis, comparable-store sales increased 1.8% from fiscal August 2003.

“Sales at Target Stores were on plan for the month of August,” said Bob
Ulrich, chairman and chief executive officer of Target Corporation.

                            Sales      Total Sales  Comparable Stores % Change
    Continuing Operations (millions)     % Change     This Year    Last Year

    August                  $3,442          8.4          1.8          8.3

    Year-to-date           $23,628         11.7          5.0          2.8