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Target Announces Agreement To Sell Credit Card Portfolio To TD Bank Group

*Target calculates adjusted earnings per share to measure the results from operations in its U.S. businesses. Accordingly, adjusted earnings per share excludes the impact of Target’s Canadian Segment and other non-segment expenses related to its Canadian market entry.


Statements in this release related to the closing of the transaction and timing thereof, the deployment of proceeds and the transaction’s expected impact on earnings performance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements speak 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 include: (i) the risk that the transaction may not close or may not close on the expected timeline; (ii) the risk that cardholders will pay down their existing balances faster than anticipated; and (iii) the risks described in Item 1A of the company's Form 10-K for the fiscal year ended January 28, 2012 and Form 10-Q for the fiscal quarter ended July 28, 2012.

About Target

Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,781 stores across the United States and at The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit

For more information, visit

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