Bob Ulrich Below Quotations

Sales in November were on plan at Target, slightly below expectations at Mervyn's, and below plan at the department stores. Sales for the Thanksgiving weekend tracked our November divisional results.

Sales in August were essentially on plan at Target and the Department Stores, and below expectations at Mervyn's,

Sales for the corporation continued to be somewhat below plan in March. In light of our actual sales performance in February and March, and our outlook for April, we are unlikely to fully achieve our profit plan in the first quarter.