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) February 2, 2006

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 7.01               Regulation FD Disclosure

On February 2, 2006, Target Corporation issued a News Release relating to its January sales results and to announce a change in its procedures for providing pre-recorded telephone updates of sales information.  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 Third Quarter 2005 Form 10-Q.

Item 9.01               Financial Statements and Exhibits

(c)	Exhibits
	(99)	Target Corporation’s News Release dated February 2, 2006.

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:	February 2, 2006	/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 February 2, 2006.	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 JANUARY SALES FROM CONTINUING OPERATIONS
UP 14.1 PERCENT

MINNEAPOLIS, February 2, 2006 — Target Corporation today reported that its net retail sales from continuing operations (principally Target Stores) for the four weeks ended January 28, 2006 increased 14.1 percent to $3.566 billion from $3.126 billion for the four-week period ended January 29, 2005. On this same basis, comparable-store sales increased 5.2 percent from fiscal January 2005.

“Target’s comparable store sales were at the upper end of our planned range for the month of January, culminating a year of strong sales growth,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “We are pleased with our 2005 performance and optimistic that we will continue to deliver profitable market share gains throughout 2006.”

			Total Sales	Comparable Stores % Change
Continuing Operations	Sales		% Change	This Year	Last Year
	(millions)
January	$	3,566	14.1	5.2	9.4
Fourth Quarter	$	16,569	11.4	4.2	5.4
Year-to-Date	$	51,271	12.2	5.6	5.3

Separately, beginning in February 2006, we are revising our practice of weekly sales disclosures. Going forward, we will provide a sales recording on the day of our monthly sales release and one mid-month sales update. Our mid-month sales recordings will be issued after the market closes on the Monday following the end of week 2 in months that have four accounting weeks, and on the Monday following the end of week 3 in months that have five accounting weeks. Consistent with this new practice, our next sales recording is planned for Monday, February 13, 2006. The phone number for the recorded message remains unchanged at 612-761-6500.

Target Corporation operates Target Stores, a chain of large, general merchandise discount stores consisting of 1,397 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 Third Quarter 2005 Form 10-Q. 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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