Target Corporation reported that its net retail sales for the four weeks ended May 29, 2004 increased 10.6% to $3.544 billion from $3.203 billion for the four-week period ended May 31, 2003. Comparable-store sales increased 4.6% from fiscal May 2003.

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

                            Sales    Total Sales  Comparable Stores % Change
                         (millions)   % Change       This Year   Last Year
   May
   Target                  $3,087        12.7           5.8          1.4
   Mervyn's                   243        (5.9)         (6.5)        (3.8)
   Marshall Field's           178         1.8           1.7         (3.0)
   Other                       36        15.5            na           na
   Total                    3,544        10.6           4.6          0.7

   Year-to-date
   Target                 $12,866        13.9           7.0          1.1
   Mervyn's                   999        (2.1)         (2.7)        (6.4)
   Marshall Field's           762         4.0           5.1         (4.4)
   Other                      166        18.2            na           na
   Total                   14,793        12.2           6.1          0.1