Target Corp (TGT)

MINNEAPOLIS--(BUSINESS WIRE)--
Target Corporation (NYSE:TGT) today reported that its net retail sales
for the four weeks ended January 30, 2010 were $4,289 million, an
increase of 3.6 percent from $4,138 million for the four weeks ended
January 31, 2009. On this same basis, January comparable-store sales
increased 0.5 percent.

â??Our January comparable-store sales were in line with our expectations,
as lower clearance sales held back our year-over-year growth,� said
Gregg Steinhafel, chairman, president and chief executive officer of
Target Corporation. â??We experienced strong guest traffic in January, and
comparable-store sales in both our apparel and home categories were
positive for the month. We believe these trends, combined with very
clean inventories, position Target to continue to gain market share
profitably in the challenging environment we expect in 2010.�

Targetâ??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, March 4, 2010. These recordings may
be accessed by calling 612-761-6500.

The statement on 2010 expectations is a forward-looking statement within
the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements speak only as of the date they are made and are subject
to risks and uncertainties which could cause the company's actual
results to differ materially. The most important risks and uncertainties
are described in Item 1A of the company's Form 10-K for the fiscal year
ended January 31, 2009.

Target Corporation's retail segment includes large general merchandise
and food discount stores and Target.com, a fully integrated on-line
business. In addition, the company operates a credit card segment that
offers branded proprietary and Visa credit card products. The company
currently operates 1,740 Target stores in 49 states.

Target Corporation news releases are available at www.target.com.

Source: Target Corporation