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) October 5, 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 8.01Other Events.

On October 5, 2006, Target Corporation issued a News Release relating to its September sales results. The News Release is attached hereto as Exhibit (99). Forward-looking statements in this News Release should be considered in conjunction with the cautionary statements in Exhibit (99)C to Target Corporation’s Annual Report on Form 10-K for the fiscal year ended January 28, 2006.

Item 9.01Financial Statements and Exhibits.

(c) Exhibits

(99)  Target Corporation’s News Release dated October 5, 2006, relating to its September 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:	October 5, 2006	/s/ Scott Kennedy
		Scott Kennedy
		Controller

EXHIBIT INDEX

Exhibit	Description	Method of Filing
(99)	Target Corporation’s News Release dated October 5, 2006, relating to its September 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 SEPTEMBER SALES UP 13.4 PERCENT

MINNEAPOLIS, October 5, 2006 — Target Corporation (NYSE:TGT) today reported that its net retail sales for the five weeks ended September 30, 2006 increased 13.4 percent to $4.885 billion from $4.306 billion for the five-week period ended October 1, 2005. On this same basis, comparable-store sales increased 6.7 percent from fiscal September 2005.

“Our sales in September were well above our expectations, driven in part by favorable weather,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “As a result of better-than-expected performance in our retail operations and the ongoing strength of our credit card operations, we now expect to produce third quarter earnings per share above the current median First Call estimate of 53 cents.”

	Sales	Total Sales	Comparable Stores % Change
	(millions)	% Change	This Year	Last Year
September	$4,885	13.4	6.7	5.6
Year-to-Date	$34,555	11.4	4.9	6.3

As a reminder, our current sales disclosure practice includes a sales recording on the day of our monthly sales release and one mid-month sales update. Consistent with this practice, a new message was recorded earlier today. Our next sales recording is expected to be issued after the market closes on Monday, October 16, 2006. These recordings may be accessed by calling 612-761-6500.

Target Corporation’s operations include large, general merchandise discount stores and a fully integrated on-line business through which we offer a fun and convenient shopping experience with thousands of highly differentiated and affordably priced items. At month-end, the company operated 1,443 Target stores in 47 states. Forward-looking statements in this release should be read in conjunction with the cautionary statements in Exhibit (99)C to the company’s 2005 Form 10-K. Target Corporation news releases are available at www.target.com.

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