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Target and Isaac Mizrahi Announce End of Partnership

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 15, 2008--Target Corporation and Isaac Mizrahi are ending their contract after partnering for five years on the Isaac Mizrahi for Target collection. Mizrahi has accepted a new opportunity as creative director for the Liz Clairborne brand at Liz Clairborne Inc.

"Target has been a fabulous partner for the past five years, allowing me to make my designs available to every woman, everywhere. Together we built an amazing business and trail-blazed the hi/low fashion concept. I am now looking forward to this new opportunity with Liz Claiborne, Inc." said Mizrahi.

Trish Adams, senior vice president, merchandising, Target said, "We've had a great partnership with Isaac. We're excited that he has this new opportunity and wish him all the best in the future. Like our partnership with Isaac, all of our designers including our GO and limited-edition accessories designers help Target make great design available and accessible to everyone."

The Isaac Mizrahi for Target collection made its debut in 2003 with a line of women's apparel, accessories and shoes. It will continue to be available exclusively in select Target stores and at Target.com through the end of 2008.

About Target

Minneapolis-based Target serves guests at 1,591 stores in 47 states nationwide by delivering today's best retail trends at affordable prices. Target is committed to providing guests with great design through innovative products, in-store experiences and community partnerships. Whether visiting a Target store or shopping online at Target.com, guests enjoy a fun and convenient shopping experience with access to thousands of unique and highly differentiated items. Target (NYSE:TGT) gives more than $3 million a week to its local communities through grants and special programs. Since opening its first store in 1962, Target has partnered with nonprofit organizations, guests and team members to help meet community needs.

CONTACT: Target Communications
612-696-3400
Visit the Target Pressroom: Target.com/pressroom

SOURCE: Target Corporation

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Target Corporation (PR)'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.