Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended November 27, 2004 increased 9.0% to $4.203 billion from $3.857 billion for the four-week period ended November 29, 2003. On this same basis, comparable-store sales increased 3.2% from fiscal November 2003.

“Our sales for the month of November were in line with our expectations,”
said Bob Ulrich, chairman and chief executive officer of Target Corporation.

                                                         Comparable

                               Sales      Total Sales     Stores     % Change

     Continuing Operations   (millions)    % Change      This Year   Last Year


     November                   $4,203         9.0          3.2          7.4


     Year-to-date              $35,008        11.5          4.9          4.0