Target's April Sales Results

MINNEAPOLIS, May 08, 2008 (BUSINESS WIRE)

Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended May 3, 2008 increased 9.0 percent to $4,253 million from $3,903 million for the four weeks ended May 5, 2007. On this same basis, April comparable store sales increased 3.1 percent.
"Comparable store sales performance in April was slightly below our planned range." said Gregg Steinhafel, chief executive officer of Target Corporation. As a reminder, the timing of Easter this year compared with a year ago benefited Target's April reported sales results. Sales Total Sales Comparable Stores % Change
(millions) % Change This Year Last Year
---------- -------------- Sales----Sales Change%----Comparable Stores % Change
------------------------------------------------------This Year-----Last Year
April-------------------$ 4,253----- 9.0--------------- 3.1------------ (6.1)
March/April Combined-- $ 9,929------ 4.6-------------- (1.3)------------ 3.8
Year-to-date----------$14,302----- 5.0--------------- (0.7)----------- 4.3

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, June 5, 2008. These recordings may be accessed by calling 612-761-6500.
Target Corporation's operations include large, general merchandise and food discount stores and a fully integrated online business through which it offers a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. The company currently operates 1,613 Target stores in 47 states. Target Corporation news releases are available at www.target.com.
SOURCE: Target Corporation