Target’s Comps Climb 5.5% in July

Target net retail sales from continuing operations for the four weeks ended July 30, 2005 increased 11.9% to $3.593 billion from $3.211 billion for the four-week period ended July 31, 2004. On this same basis, comparable-store sales increased 5.5% from fiscal July 2004. The sales plan for the month was a comparable-store increase in the range of 4 to 6%.

“Our sales in the month of July remained strong,” said Bob Ulrich,
chairman and chief executive officer of Target Corporation. “This performance
reinforces our belief that Target will deliver very strong profit growth in
the second quarter, consistent with our previous earnings per share guidance
of 58 cents or more.”

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

     July                     $3,593       11.9          5.5           4.1

     Second Quarter          $11,667       13.5          6.7           3.9

     Year-to-Date            $22,838       13.1          6.5           5.5