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Press release from Business Wire

Target Reports August Sales Results

Thursday, August 30, 2012

Target Reports August Sales Results08:00 EDT Thursday, August 30, 2012 MINNEAPOLIS (Business Wire) -- Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended August 25, 2012 were $5,543 million, an increase of 4.7 percent from $5,292 million for the four weeks ended August 27, 2011. On this same basis, August comparable-store sales increased 4.2 percent. "We're pleased with Target's August comparable-store sales increase, which was near the high end of our expected range," said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. "Sales were stronger in the second half of the month, as guests responded to Target's broad assortment and compelling value for their back-to-school and back-to-college shopping."                 SalesTotal SalesComparable Stores % Change(millions)% ChangeThis YearLast Year August $5,543 4.7 4.2 4.1 Year-to-date $38,532 4.8 4.2 3.1   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, October 4, 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, 612-761-6627orAmy Reilly, Financial Media, 612-761-6782orTarget Media Hotline, 612-696-3400