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) April 7, 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)	(I.R.S. Employer Identification No.)

1000 Nicollet Mall, Minneapolis, Minnesota 55403

(Address of principal executive offices, including zip code)

(612) 304-6073

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01Other Events

On April 7, 2005, Target Corporation (the “Corporation”) issued a News Release relating to its March sales results.  The News Release is attached hereto as Exhibit 99.1.  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 the releases 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 9.01Financial Statements and Exhibits

(c)Exhibits

(99.1)News Release dated April 7, 2005 relating to March sales results.

SIGNATURE

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 thereunto duly authorized.

			TARGET CORPORATION
Date:	April 7, 2005	/s/ Douglas A. Scovanner
		Douglas A. Scovanner
		Executive Vice President and Chief Financial
		Officer

2

EX-99.1

Exhibit 99.1

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

TARGET CORPORATION MARCH SALES FROM CONTINUING OPERATIONS

UP 14.3 PERCENT

MINNEAPOLIS, April 7, 2005 — Target Corporation today reported that its net retail sales from continuing operations (principally Target Stores) for the five weeks ended April 2, 2005 increased 14.3 percent to $4.408 billion from $3.855 billion for the five-week period ended April 3, 2004. On this same basis, comparable-store sales increased 8.2 percent from fiscal March 2004.

“We are pleased with our March sales results, which were at the upper end of our planned range for the month,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “While we believe these results should be considered in the context of this year’s earlier Easter holiday, our better-than-expected sales performance in February and March gives us confidence that we will meet or exceed our first quarter profit plan.”

Continuing Operations	Sales (millions)	Total Sales % Change	Comparable Stores % Change
			This Year	Last Year
March	$4,408	14.3	8.2	7.8
Year-to-date	$7,784	15.1	8.5	7.9

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.

Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,330 locations in 47 states, as well as an on-line business called Target.com.

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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