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Target Corporation November Sales From Continuing Operations Up 9.0 Percent

From: ASAP


Target Corporation (NYSE: TGT) today reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended November 27, 2004 increased 9.0 percent to $4.203 billion from $3.857 billion for the four-week period ended November 29, 2003. On this same basis, comparable-store sales increased 3.2 percent from fiscal November 2003.

"Our sales for the month of November were in line with our expectations," said Bob Ulrich, chairman and chief executive officer of Target Corporation.

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

November $4,203 9.0 3.2 7.4

Year-to-date $35,008 11.5 4.9 4.0

Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,313 locations in 47 states, as well as an on-line business called Target.com.

Comments regarding the company's sales results are available in a pre- recorded telephone message that may be accessed by calling 612-761-6500. Target Corporation news releases are available at http://www.target.com or http://www.prnewswire.com .

SOURCE Target Corporation

December 2004