8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 6, 2005

Target Corporation

(Exact name of registrant as specified in its charter)

Minnesota	1-6049	41-0215170
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1000 Nicollet Mall Minneapolis, Minnesota		55403
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code  (612) 304-6073

Item 8.01.Other Events.

On January 6, Target Corporation (the “Corporation”) issued a News Release relating to its December sales results.  The News Release is attached hereto as Exhibit 99.  Comments regarding the Corporation’s sales results are provided periodically throughout the year on a recorded telephone message.  The message may be accessed by dialing (612) 761-6500.  Forward-looking statements in this release or on such recorded telephone messages should be considered in conjunction with the cautionary statements in Exhibit (99)C to the Corporation’s 2003 Form 10-K.

Item 9.01.Financial Statements and Exhibits.

(c)	Exhibits.
	99.           News Release dated January 6, 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TARGET CORPORATION
Date:  January 6, 2005	/s/ Douglas A. Scovanner
	Douglas A. Scovanner
	Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit	Description	Method of Filing
99.	News Release dated January 6, 2005	Filed Electronically

EX-99

Exhibit 99

FOR IMMEDIATE RELEASE	Contact:	Susan Kahn (investor)
		(612) 761-6735
		Cathy Wright (financial media)
		(847) 615-1538

TARGET CORPORATION DECEMBER SALES FROM CONTINUING OPERATIONS

UP 11.3 PERCENT

                MINNEAPOLIS, January 6, 2005 — Target Corporation today reported that its net retail sales from continuing operations (principally Target Stores) for the five weeks ended January 1, 2005 increased 11.3 percent to $7.548 billion from $6.781 billion for the five-week period ended January 3, 2004. On this same basis, comparable-store sales increased 5.1 percent from fiscal December 2003.

“Our sales for the month of December were at the upper end of our expectations, driven in part by a higher mix of promotional sales,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “While we remain comfortable that we will deliver a double-digit percentage increase in EPS from continuing operations in this year’s fourth quarter, we now believe that our actual growth rate will be lower than financial community median expectations.”

                For reference, Target Corporation’s fourth quarter EPS from continuing operations in 2003 was 80 cents and the First Call median EPS from continuing operations for fourth quarter 2004 is 94 cents.

			Comparable Stores % Change
Continuing Operations	Sales (millions)	Total Sales % Change	This Year	Last Year
December	$7,548	11.3	5.1	5.6
Year-to-date	$42,556	11.5	5.0	4.3

                Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,313 locations in 47 states, as well as an on-line business called Target.com.

                Forward-looking statements in this release should be read in conjunction with the cautionary statements in Exhibit (99)C to the company’s 2003 Form 10-K.

                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 www.target.com or www.prnewswire.com.

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