Target Corporation net retail sales for the five weeks ended July 1, 2006 increased 11.3% to $5.093 billion from $4.575 billion for the five-week period ended July 2, 2005. On this same basis, comparable-store sales increased 4.8% from fiscal June 2005.

“Target’s comparable store sales for the month of June were near the upper end of our planned range,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “These results give us confidence that we will meet or exceed the current First Call median EPS estimate of 69 cents in the second quarter.”

                      Sales    Total Sales  Comparable Stores % Change
                                            --------------------------
                     (millions)  % Change   This Year        Last Year
                     ---------- ----------  ---------        ---------
June                   $5,093        11.3      4.8              9.0

Quarter-to-Date        $9,022        11.7      5.2              7.3

Year-to-Date          $21,515        11.8      5.2              6.7