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Press release from Business Wire

Target Reports July Sales Results

Thursday, August 02, 2012

Target Reports July Sales Results08:00 EDT Thursday, August 02, 2012 MINNEAPOLIS (Business Wire) -- Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended July 28, 2012 were $4,995 million, an increase of 3.2 percent from $4,840 million for the four weeks ended July 30, 2011. On this same basis, July comparable-store sales increased 3.1 percent. “We're pleased with Target's July comparable-store sales increase of 3.1 percent," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "In addition, our second quarter comparable-store sales increase of 3.1 percent was right in line with our expectation going into the quarter. Guests continue to respond to our innovative merchandising, remodel program and 5% REDcard Rewards, driving healthy increases in traffic and sales in a consumer environment that remains quite challenging.”             SalesTotal SalesComparable Stores % Change(millions)% ChangeThis Year     Last Year July $4,995 3.2 3.1 4.1 Second Quarter $16,451 3.5 3.1 3.9 Year-to-date $32,989 4.8 4.2 2.9   MiscellaneousTarget'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, August 30, 2012. These recordings may be accessed by calling 866-526-7639. Text versions of our recordings are available on our Investor Relations website, www.target.com/investors, by clicking on “Financial News” and then “Monthly Sales Summaries.” About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,772 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target's commitment to corporate responsibility, visit Target.com/hereforgood. For more information, visit Target.com/Pressroom. Target CorporationJohn Hulbert, Investors, 612-761-6627orJenna Reck, Financial Media, 612-761-5829orTarget Media Hotline, 612-696-3400