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Profile – Target Corp.

Target is a discount retailer offering general merchandise including: consumables & commodities, electronics, entertainment, sporting goods, toys, apparel & accessories, home furnishings & decor, as well as a line of food items primarily under the Target and Super Target brands. As of Apr 3, 2010 the company operated 1,740 total stores in 49 US states.

Headquarters Minneapolis, Minnesota
Sector Discount & Variety Stores
Primary NAICS Code 452112 – Discount Department Stores
Primary SIC Code 5311 – Department Stores
Fiscal Year 2010 Ends on Jan 29, 2011
2009 Net Sales $ 63.4 Billion
2009 Net Income $ 2.5 Billion
Store Count* 1,740
Total Store Sq Ft* 231,941,000
Employees** 351,000

*as of 4/3/10     **as of 1/30/10




Financial Summary
2009 2008 YoY % Chg 3 YR CAGR 5 YR CAGR
Net Sales (1,000′s) $ 63,435,000 $ 62,884,000 0.9% 3.1% 6.8%
Same-Store Sales Chg -2.5% -2.9%
Net Income (1,000′s) $ 2,488,000 $ 2,214,000 12.4% -3.7% 5.7%
Diluted EPS $ 3.30 $ 2.86 15.4% 0.9% 9.8%
Store Count 1,740 1,682 3.4% 5.4% 5.9%
Store Sq Ft (1,000s) 231,941 222,588 4.2% 6.5% 7.0%
Employees 351,000 351,000 0.0% -0.1% 3.7%
Advertising Spend (1,000s) $ 1,167,000 $ 1,233,000 -5.4% -0.1% 5.6%
Pvt Label as % of Total Sales 21.0% 20.0%

Target - Compound Annual Growth Rates



Fiscal Year Net Sales by Category (as % of Total)
2009 2008 2007
Household Essentials 23.0% 22.0% 21.0%
Hardlines 22.0% 22.0% 22.0%
Apparel & Accessories 20.0% 20.0% 22.0%
Home Furnishings & Décor 19.0% 21.0% 22.0%
Food & Pet Supplies 16.0% 15.0% 13.0%

Target - 2009 Net Sales by Category


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