For the fiscal September period, reported comparable store sales decreased 3.0%. This sales tiffany bracelet was the result of a decline in the number of comparable-store transactions, partially offset by an increase in average transaction size. Comparable-store sales in September 2007 increased 1.2%.

The current-month sales release quotes Gregg Steinhafel, President and Chief Executive Officer of Target Corporation, as saying, “Sales for the month of September were below our expectations, reflecting continued daily volatility. Challenges in the current environment, including weak topline growth in our Retail segment and higher net write-off rates in our Credit Card segment, has increased the likelihood that our third-quarter EPS may be slightly below the current First Call median estimate of $0.52. On balance, we currently expect 2008 full-year earnings per-share to meet or exceed last year’s full-year EPS of $3.33. This outlook for 2008 EPS assumes essentially flat year-over-year same-store sales in the fourth quarter, and a continuation of recent write-off rate trends through the remainder of this year.”

All earnings per share figures refer to diluted earnings per share.

At the merchandises category level, comparable-store sales were driven by continued strength in nondiscretionary healthcare and food categories, with comparable-store sales increases in the mid-single digit range. Both the apparel and home assortments experienced overall declines in the high single-digit range.

Specific categories with the strongest comparable-store sales increases in the month included healthcare, consumables, perishables, and household/personal/baby. The categories with the weakest comparable-store sales performance for the month included decorative home and garden, women’s apparel, and jewelry/discount tiffany.

Target’s strongest comparable store sales performance in September was in the Northeast region, while comparable-store sales performance in the West and South was weakest. We continue to see sales weakness in Florida, Arizona, Nevada, and Southern California.

At month-end, our inventory was in very good condition, reflecting continued strong control of merchandise receipts.

Looking forward to October, our comparable-store sales results will compare the four weeks ended November 1, 2008 to the four weeks ended November 3, 2007. We expect our comparable-store sales for this period to lie in the range of minus 3 to 0%. For perspective, comparable-store sales for the four-week period in October 2007 increased 4.1%.

Target’s current sales disclosure practice includes a sales recording on the day of our monthly sales release. Our next sales recording is expected to be issued on Thursday, November 6 and may be accessed by calling 612-761-6500.

Statements regarding sales and EPS expectations are forward-looking statements and should be read in conjunction with the cautionary statements in Exhibit 99-A of the Company’s first-quarter 2008 Form 10-Q.

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In the conference calls upon which Event Transcripts are based, companies may make tiffany pendant or other forward-looking statements regarding a variety of items. Such forward-looking statements are based upon current expectations and involve risks and uncertainties. Actual results may differ materially from those stated in any forward-looking statement based on a number of important factors and risks, which are more specifically identified in the companies’ most recent SEC filings. Although the companies may indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the forward-looking statements will be realized.