Target Four-Week January Comps Increase 5.1%

Target Corporation saw net retail sales for the five weeks ended February 3, 2007 increase 37.3% to $4.896 billion from $3.566 billion for the four-week period last year. For the fiscal year 2006 (comprised of 53 weeks), comparable-store sales increased 31.9% from the prior fiscal year (comprised of 52 weeks). On a four week to four week basis, January comparable-store sales increased 5.1%.

“Our January comparable store sales growth was in line with our expectations,” said Bob Ulrich, chairman and chief executive officer of Target Corporation.

                                            Comparable Stores % Change
                                            --------------------------
                       Sales    Total Sales  Unequal     Equal   Last
                     (millions)  % Change     Length     Length   Year
                                              Periods    Periods
                     ---------- ----------- ----------- -------- -----
January                 $4,896        37.3     31.9 (a)     5.1   5.2

Fourth Quarter         $19,269        16.3     10.5 (b)     4.8   4.2

Total Year             $57,878        12.9      6.6 (c)     4.8   5.6

(a) Fiscal month ended February 3, 2007 consists of five weeks, compared with four weeks in fiscal month ended January 28, 2006.

(b) Fourth quarter 2006 consists of 14 weeks, compared with 13 weeks in fourth quarter 2005.

(c) Total Year 2006 consists of 53 weeks, compared with 52 weeks in Total Year 2005.