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Target Reduces Costs on Pharmacy and Over-The-Counter Drug Offerings

MINNEAPOLIS--(BUSINESS WIRE)--May 5, 2008--As part of its ongoing commitment to provide exceptional value to guests and consistent with prior practices, Target (NYSE:TGT) will reduce prices on its prescription and over-the-counter drug offerings, remaining competitively priced with Wal*Mart.

"We understand the economic challenges our guests are facing and remain committed, as always, to meeting their health and wellness needs at a great value," said Kathee Tesija, executive vice president, merchandising.

The program includes an expanded assortment of $4 prescription drugs, 90-day supply of these medications for $10 and over-the-counter medications for $4 or less.

More information regarding eligible drugs soon will be available online at Target.com/pharmacy and in local Target pharmacies.

About Target

Minneapolis-based Target serves guests at 1,613 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 Corporation
Target Communications (media), 612-696-3400
or
John Hulbert (investors), 612-761-6627

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.