Target Corp. May Comps Increase 5.1%

Target Corporation reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended May 28, 2005 increased 12.1%to $3.50 billion from $3.12 billion for the year-ago period. On this same basis, comparable-store sales increased 5.1% from fiscal May 2004.

The sales plan for the month was a comparable-store increase in the range of 3% to 5%.

“Our sales results in May were near the upper end of our planned range for
the month,” said Bob Ulrich, chairman and chief executive officer of Target
Corporation.

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

     May                     $3,500         12.1          5.1          5.8

     Year-to-Date           $14,671         12.6          6.0          7.0