Target Corporation April Sales Up 11.8 Percent MINNEAPOLIS, May 6 /PRNewswire-FirstCall/ -- Target Corporation today reported that its net retail sales for the four weeks ended May 1, 2004 increased 11.8 percent to $3.542 billion from $3.168 billion for the four-week period ended May 3, 2003. Comparable-store sales increased 4.9 percent from fiscal April 2003. "Sales for Target Corporation were on plan for the month of April, reflecting on-plan sales at Target Stores," said Bob Ulrich, chairman and chief executive officer of Target Corporation. Sales Total Sales Comparable Stores % Change (millions) % Change This Year Last Year March Target $3,108 13.9 6.2 5.6 Mervyn's 230 (6.1) (6.6) (4.6) Marshall Field's 165 0.5 0.6 (6.3) Other 39 27.0 na na Total 3,542 11.8 4.9 3.9 Year-to-date Target $9,779 14.3 7.3 1.1 Mervyn's 756 (0.8) (1.4) (7.3) Marshall Field's 584 4.7 6.1 (4.9) Other 130 18.7 na na Total 11,249 12.7 6.6 (0.1) Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores, as well as a direct mail and on-line business called target.direct. At month-end, the company operated 1,577 stores in 47 states. This included 1,249 Target stores, 266 Mervyn's stores and 62 Marshall Field's stores. Comments regarding the company's sales results are available in a pre-recorded telephone message that may be accessed by calling 612-761-6500. Target Corporation news releases are available at http://www.target.com/ or http://www.prnewswire.com/ . DATASOURCE: Target Corporation CONTACT: investor, Susan Kahn, +1-612-761-6735, or financial media, Cathy Wright, +1-312-781-2979, both of Target Corporation Web site: http://www.target.com/

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