-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DPG8RhXIROGUj6woGdqX2KummYz0vPFGjUrS2oJLLO9o2oYNELfQs2Y2IiY8Lrt2 6653CecpylecwR/E5Bo5sQ== 0001104659-05-031512.txt : 20050707 0001104659-05-031512.hdr.sgml : 20050707 20050707155858 ACCESSION NUMBER: 0001104659-05-031512 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050707 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050707 DATE AS OF CHANGE: 20050707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TARGET CORP CENTRAL INDEX KEY: 0000027419 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 410215170 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06049 FILM NUMBER: 05943487 BUSINESS ADDRESS: STREET 1: 1000 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55403 BUSINESS PHONE: 6123706948 MAIL ADDRESS: STREET 1: 1000 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55403 FORMER COMPANY: FORMER CONFORMED NAME: DAYTON HUDSON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DAYTON CORP DATE OF NAME CHANGE: 19690728 8-K 1 a05-11899_18k.htm 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) July 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:

 

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

 

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

 

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

 

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

 

 

Item 8.01       Other Events.

 

On July 7, 2005, Target Corporation issued a News Release relating to its June 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 2005 first quarter form 10-Q.

 


 

Item 9.01       Financial Statements and Exhibits

 

(c)        Exhibits

 

(99)         News Release dated July 7, 2005 relating to June 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

 

 

 

 

 

/s/ Timothy R. Baer

 

Date: July 7, 2005

Timothy R. Baer

 

Senior Vice President, General Counsel and
Corporate Secretary

 

EXHIBIT INDEX

 

Exhibit

 

Description

 

Method
of Filing

 

 

 

 

 

 

 

(99).

 

Target Corporation’s News Release dated July 7, 2005 relating to its June sales results

 

Filed Electronically

 

 

 EX-99 2 a05-11899_1ex99.htm EX-99

Exhibit 99

 

 

 

FOR IMMEDIATE RELEASE

Contact:

Susan Kahn (investor)

 

 

(612) 761-6735

 

 

 

 

 

Cathy Wright (financial media)

 

 

(847) 615-1538

 

 

TARGET CORPORATION JUNE SALES FROM CONTINUING OPERATIONS
UP 16.0 PERCENT

 

MINNEAPOLIS, July 7, 2005 -- Target Corporation today reported that its net retail sales from continuing operations (principally Target Stores) for the five weeks ended July 2, 2005 increased 16.0 percent to $4.575 billion from $3.943 billion for the five-week period ended July 3, 2004. On this same basis, comparable-store sales increased 9.0 percent from fiscal June 2004.

 

The sales plan for the month was a comparable-store increase in the range of 4 to 6 percent.

 

 “Our sales performance in June was well above our planned range for the month,” said Bob Ulrich, chairman and chief executive officer of Target Corporation, “reflecting particularly strong sales of apparel which drove greater-than-expected gross margin rate expansion. As a result, we now believe that Target will deliver second quarter earnings per share of 58 cents or more.”

 

 

 

Sales

 

Total Sales

 

Comparable Stores % Change

 

Continuing Operations

 

(millions)

 

% Change

 

This Year

 

Last Year

 

June

 

$4,575

 

 

16.0

 

9.0

 

2.2

 

 

 

 

 

 

 

 

 

 

 

 

Quarter-to-date

 

$8,075

 

 

14.3

 

7.3

 

3.8

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-Date

 

$19,246

 

 

13.4

 

6.7

 

5.8

 

 

Forward-looking statements in this release should be read in conjunction with the cautionary statements in Exhibit (99)C to the company’s 2005 First Quarter Form 10-Q.

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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