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) May 5, 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

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 (see General Instruction A.2. below):

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 2.02. Results of Operations and Financial Condition.

On May 5, 2005, Target Corporation issued a News Release relating to its April sales results.  The News Release is attached hereto as Exhibit 99. Forward-looking statements in this release should be considered in conjunction with the cautionary statements in Exhibit (99)C to Target Corporation’s 2004 Form 10-K.

Item 8.01. Other Events.

On May 5, 2005, Target Corporation issued a News Release relating to its April sales results.  The News Release is attached hereto as Exhibit 99. Forward-looking statements in this release should be considered in conjunction with the cautionary statements in Exhibit (99)C to Target Corporation’s 2004 Form 10-K.

Item 9.01.	Financial Statements and Exhibits.
	(c)	Exhibits.
		(99).	Target Corporation’s News Release dated May 5, 2005 relating to its April sales results.

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:  May 5, 2005	/s/ Douglas A. Scovanner
	Douglas A. Scovanner
	Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit	Description	Method of Filing
(99).	Target Corporation’s News Release dated May 5, 2005 relating to its April sales results.	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 APRIL SALES FROM CONTINUING OPERATIONS
UP 7.7 PERCENT

MINNEAPOLIS, May 5, 2005 — Target Corporation today reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended April 30, 2005 increased 7.7 percent to $3.390 billion from $3.148 billion for the four-week period ended May 1, 2004. On this same basis, comparable-store sales increased 1.3 percent from fiscal April 2004.

The sales plan for the month was a comparable-store increase in the range of 2 to 4 percent, reflecting the impact of this year’s earlier Easter holiday.

“Our sales performance in the month of April was slightly below plan, while sales for the quarter overall remained stronger than expected,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “These sales results, combined with continued gross margin rate expansion, reinforce our belief that Target will deliver very strong profit growth in the first quarter of 2005.”

			Total Sales	Comparable Stores % Change
Continuing Operations	Sales		% Change	This Year	Last Year
	(millions)
April	$	3,390	7.7	1.3	6.2
First Quarter	$	11,174	12.8	6.2	7.3

Forward-looking statements in this release should be read in conjunction with the cautionary statements in Exhibit (99)C to the company’s 2004 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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