Target Corporation July Sales Up 8.8 Percent

From: ASAP

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Target Corporation (NYSE: TGT) reported that its net retail sales for the four weeks ended July 31, 2004 increased 8.8 percent to $3.593 billion from $3.303 billion for the four-week period ended August 2, 2003. On this same basis, comparable-store sales increased 3.8 percent from fiscal July 2003. Total sales from continuing operations (principally Target Stores) increased 9.7 percent to $3.211 billion, while comparable-store sales from continuing operations rose 4.1 percent from the same period a year ago. Discontinued operations include sales from 62 Marshall Field's stores and 266 Mervyn's stores.

August 2004

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