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 5, 2009

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 February 5, 2009, Target Corporation issued a News Release relating to its January sales results.  The News Release is attached hereto as Exhibit 99.

Item 9.01Financial Statements and Exhibits

(d)Exhibits

(99)Target Corporation’s News Release dated February 5, 2009 relating to its January 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:	February 5, 2009	/s/ Timothy R. Baer
		Timothy R. Baer
		Executive Vice President, General Counsel
		and Corporate Secretary

2

EXHIBIT INDEX

Exhibit	Description	Method of Filing
(99).	Target Corporation’s News Release dated February 5, 2009 relating to its January sales results.	Filed Electronically

3

EX-99

Exhibit 99

FOR IMMEDIATE RELEASE

TARGET CORPORATION JANUARY SALES INCREASE 0.8 PERCENT

MINNEAPOLIS, February 5, 2009 — Target Corporation (NYSE:TGT) today reported that its net retail sales for the four weeks ended January 31, 2009 increased 0.8 percent to $4,138 million from $4,106 million for the four weeks ended February 2, 2008. On this same basis, January comparable-store sales declined 3.3 percent.

“January sales were in line with our planned range for the month,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “As stated in our sales release last month, we expect our holiday season markdowns and anticipated additions to our accounts receivable allowance to put additional pressure on our fourth quarter profitability. The magnitude of this pressure, combined with the continued effects of our adverse sales mix and the impact of the workforce reduction announced last week, will lead our fourth quarter earnings per share to be somewhat lower than the current median First Call estimate of 86 cents.”

			Total Sales		Comparable Stores % Change
	Sales		% Change		This Year		Last Year
	(millions)
January	$	4,138	0.8		(3.3	)	(1.1	)
Quarter-to-date	$	19,023	(1.6	)	(5.9	)	0.2
Year-to-date	$	62,884	2.3		(2.9	)	3.0

Target’s current sales disclosure practice includes a sales recording on the day of the monthly sales release. Consistent with this practice, a new message was recorded earlier today. The next sales recording is expected to be issued on Thursday, March 5, 2009. These recordings may be accessed by calling 612-761-6500.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about markdowns, additions to the accounts receivable allowance, profitability and earnings per share.  These statements are current only as of the date they are made and are subject to risks and uncertainties which could cause the company’s actual results to differ materially.  The most important risks and uncertainties are described in Exhibit (99)A to the company’s third quarter 2008 Form 10-Q.

Target Corporation’s retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,681 Target stores in 48 states.

Target Corporation news releases are available at www.target.com.

Contact:	John Hulbert
	(612) 761-6627

#  #  #