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TARGET STORES CHAIRMAN ULRICH NAMED 1992 DISCOUNTER OF THE YEAR

 MINNEAPOLIS, Aug. 9 /PRNewswire/ -- Target Stores announced today that Chairman Robert Ulrich has been named the 1992 Discounter of the Year by discount industry executives. Under Ulrich's leadership, Target achieved a 15 percent sales gain overall in 1992, breaking the $10 million mark. Operating profits grew 25 percent to reach $574 million, from $458 million in 1991.
 Ulrich began his career as a merchandising trainee at Dayton's in 1967. After working his way up the management ranks, Ulrich was instrumental in combining Dayton's and Hudson's department stores and became president of the newly formed Dayton Hudson Department Store Company in May 1984. Subsequently, Ulrich joined Target as president in December 1984. Ulrich was named chairman and chief executive officer of Target Stores in October 1987.
 Ulrich will accept the award from Discount Store News Magazine at its 16th Annual SPARC (Supplier Performance Awards by Retail Category) banquet, to be held Sunday, Aug. 15, at the Chicago Marriott Downtown.
 Minneapolis-based Target Stores is a quality discount retailer. By year-end 1993, Target will operate 557 stores in 32 states coast to coast. It is the largest division of Dayton Hudson Corporation (NYSE: DH), one of the nation's leading retailers.
 -0- 8/09/93
 /CONTACT: Carolyn Brookter, media relations representative of Target Stores, 612-334-6557/
 (DH)


CO: Target Stores; Dayton Hudson Corporation ST: Minnesota IN: REA SU: PER

DB -- MN007 -- 0769 08/09/93 12:51 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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