Target Corporation January Sales Up 37.3 Percent.

Reflects Extra Week in Current Year

MINNEAPOLIS -- Target Corporation (NYSE:TGT) today reported that its net retail sales for the five weeks ended February 3, 2007 increased 37.3 percent to $4.896 billion from $3.566 billion for the four-week period ended January 28, 2006. For the fiscal year 2006 (comprised of 53 weeks), comparable-store sales increased 31.9 percent from the prior fiscal year (comprised of 52 weeks).

Management believes that comparing periods of equal lengths, such as the four weeks ended January 27, 2007 compared to the four weeks ended January 28, 2006, is a more useful measure of the company's underlying business trends. On this basis, comparable-store sales increased 5.1 percent.

"Our January comparable store sales growth was in line with our expectations," said Bob Ulrich, chairman and chief executive officer of Target Corporation.

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(a) Fiscal month ended February 3, 2007 consists of five weeks, compared with four weeks in fiscal month ended January 28, 2006.

(b) Fourth quarter 2006 consists of 14 weeks, compared with 13 weeks in fourth quarter 2005.

(c) Total Year 2006 consists of 53 weeks, compared with 52 weeks in Total Year 2005.

As a reminder, our current sales disclosure practice includes a sales recording on the day of our monthly sales release and one mid-month sales update. Consistent with this practice, a new message was recorded earlier today. Our next sales recording is expected to be issued after the market closes on Monday, February 19, 2007. These recordings may be accessed by calling 612-761-6500.

Target Corporation's operations include large, general merchandise discount stores and a fully integrated on-line business through which we offer a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. The company currently operates 1,488 Target stores in 47 states. Target Corporation news releases are available at www.target.com.