Target February Comps Up 7.5%

Target Corporation reported that its net retail sales for the four weeks ended February 28, 2004 increased 13.0 percent to $3.305 billion from $2.926 billion
for the four-week period ended March 1, 2003. Comparable-store sales increased 7.5 percent from fiscal February 2003.

“Sales for the corporation were above plan in February,” said Bob Ulrich,
chairman and chief executive officer of Target Corporation.

                                                      Comparable

                              Sales     Total Sales     Stores     % Change

                           (millions)    % Change     This Year   Last Year

     February

     Target                 $2,874         14.5          8.0        (0.5)

     Mervyn's                  224          2.4          1.4        (9.2)

     Marshall Field's          175          3.5          6.5        (1.8)

     Other                      32         12.2           na          na

     Total                   3,305         13.0          7.5        (1.4)