Target Corporation July Sales up 4.7 Percent

MINNEAPOLIS--(BUSINESS WIRE)--Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended August 2, 2008 increased 4.7 percent to $4,566 million from $4,363 million for the four weeks ended August 4, 2007. On this same basis, July comparable store sales declined 1.2 percent.

“Our comparable store sales performance in July was near the low end of our -1% to +1% planned range,” said Gregg Steinhafel, president and chief executive officer of Target Corporation.

		Sales			Total Sales		Comparable Stores % Change
		(millions)			% Change		This Year			Last Year
July		$	4,566		4.7		(1.2	)		6.1
Quarter-to-date		$	14,971		5.7		(0.4	)		4.9
Year-to-date		$	29,273		5.3		(0.6	)		4.6

Target’s current sales disclosure practice includes a sales recording on the day of the monthly sales release. Consistent with this practice, a new message was recorded earlier today. The next sales recording is expected to be issued on Thursday, September 4, 2008. These recordings may be accessed by calling 612-761-6500. In addition, please note that we will release our monthly sales for the month of September on Wednesday October 8th.

Target Corporation's retail segment includes large, general merchandise and food discount stores, and a fully integrated on-line business called Target.com. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,648 Target stores in 47 states.

Target Corporation news releases are available at www.target.com.