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) August 4, 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 2.02Results of Operations and Financial Condition

On August 4, 2005, Target Corporation issued a News Release relating to its July 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 First Quarter 2005 Form 10-Q.

Item 9.01Financial Statements and Exhibits

(c)Exhibits

(99)Target Corporation’s News Release dated August 4, 2005 relating to its July 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:	August 4, 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 August 4, 2005 relating to its July sales Results.	Filed Electronically.

2

EX-99

Exhibit 99

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

TARGET CORPORATION JULY SALES FROM CONTINUING OPERATIONS

UP 11.9 PERCENT

MINNEAPOLIS, August 4, 2005 — Target Corporation today reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended July 30, 2005 increased 11.9 percent to $3.593 billion from $3.211 billion for the four-week period ended July 31, 2004. On this same basis, comparable-store sales increased 5.5 percent from fiscal July 2004.

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

“Our sales in the month of July remained strong,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “This performance reinforces our belief that Target will deliver very strong profit growth in the second quarter, consistent with our previous earnings per share guidance of 58 cents or more.”

			Total Sales	Comparable Stores % Change
Continuing Operations	Sales		% Change	This Year	Last Year
	(millions)
July	$	3,593	11.9	5.5	4.1
Second Quarter	$	11,667	13.5	6.7	3.9
Year-to-Date	$	22,838	13.1	6.5	5.5

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

Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,351 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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