-----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, PV8WLsNHwf8ifwnAgYsFGabAvz6m1mL4n1Wq9ISyn7UgEcMOYe7duG/fhX/CSbF0 fLba8Z5lqO1abE2pWPyHMw== 0001104659-07-074417.txt : 20071011 0001104659-07-074417.hdr.sgml : 20071011 20071011114741 ACCESSION NUMBER: 0001104659-07-074417 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071011 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071011 DATE AS OF CHANGE: 20071011 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: 071166687 BUSINESS ADDRESS: STREET 1: 1000 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55403 BUSINESS PHONE: 6123046073 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 a07-25363_28k.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) October 11, 2007

 

 

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 October 11, 2007, 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 release should be considered in conjunction with the cautionary statements in Exhibit (99)A to Target Corporation’s 2006 Form 10-K.

 

Item 9.01        Financial Statements and Exhibits

 

(d)        Exhibits

 

(99)           News Release dated October 11, 2007 relating to 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 11, 2007

/s/Douglas A. Scovanner

 

 

Douglas A. Scovanner

 

Executive Vice President and Chief Financial Officer

 

EXHIBIT INDEX

 

 

 

 

 

Method

Exhibit

 

Description

 

of Filing

 

 

 

 

 

(99)

 

Target Corporation’s News Release dated October 11, 2007

Filed Electronically

 

 

relating to its September sales results.

 

 

 

 

 

 

 

 

EX-99 2 a07-25363_2ex99.htm EX-99

Exhibit 99

 

 

 

FOR IMMEDIATE RELEASE

Contact:

Susan Kahn

 

 

(612) 761-6735

 

 

 

 

 

John Hulbert

 

 

(612) 761-6627

 

 

TARGET CORPORATION SEPTEMBER SALES INCREASE 6.2 PERCENT

 

MINNEAPOLIS, October 11, 2007 -- Target Corporation (NYSE:TGT) today reported that its net retail sales for the five weeks ended October 6, 2007 increased 6.2 percent to $5,190 million from $4,885 million for the five-week period ended September 30, 2006. On this same basis, comparable-store sales increased 1.2 percent.

 

“Our comparable store sales growth in September was below our planned range, particularly in apparel,” said Bob Ulrich, chairman and chief executive officer of Target Corporation. “As a result, we now believe that our full year EPS will be below $3.60.”

 

For reference, our prior guidance envisioned roughly equal likelihood of earning slightly more or slightly less than $3.60 for the full year 2007. All EPS estimates refer to diluted earnings per share excluding the impact, if any, from a potential sale of our credit card receivables resulting from the current review announced in September 2007.

 

 

 

Sales 

 

Total Sales

 

Comparable Stores % Change

 

 

 

(millions)

 

% Change

 

This Year

 

Last Year

 

September

 

$5,190

 

6.2

 

1.2

 

6.7

 

 

 

 

 

 

 

 

 

 

 

Quarter-to-date

 

$9,897

 

8.7

 

3.5

 

4.9

 

 

 

 

 

 

 

 

 

 

 

Year-to-date

 

$37,687

 

9.1

 

4.3

 

4.9

 

 

 

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 22, 2007. These recordings may be accessed by calling 612-761-6500.

 

The statements regarding our full year EPS expectations are forward-looking statements and should be read in conjunction with the cautionary statements in Exhibit (99)A to the company’s 2006 Form 10-K.

 

Target Corporation’s operations include large, general merchandise and food 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. The company currently operates 1,591 Target stores in 47 states. Target Corporation news releases are available at www.target.com.

#  #  #

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