Target Corporation Reports May Sales Results

MINNEAPOLIS--(BUSINESS WIRE)--Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended May 30, 2009 were $4,458 million, a decrease of 2.3 percent from $4,564 million for the four weeks ended May 31, 2008. On this same basis, May comparable-store sales decreased 6.1 percent.

“Sales for the month of May were somewhat below our expectations”

“Sales for the month of May were somewhat below our expectations,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation.

			Sales				Total Sales			Comparable Stores % Change
			(millions)				% Change			This Year		Last Year
May			$	4,458			(2.3)			(6.1)		(0.7)
Year-to-date			$	18,819			(0.2)			(4.2)		(0.7)

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, July 9, 2009. These recordings may be accessed by calling 612-761-6500.

Target Corporation's retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,698 Target stores in 49 states.

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