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Fast Facts

January 13, 2009

Who is Target?

Target is an upscale discounter with a focus on the high-quality, on-trend merchandise guests want, plus the everyday basics all families need, all at affordable prices. Its combined emphasis on style, quality, affordability and clean, attractive stores makes it a one-of-a-kind retailer. When guests shop at Target, they’ll find an environment where shopping is convenient and enjoyable.

Our Stores

Target opened its first store in Roseville, Minnesota, in 1962. Today, Target operates 1,683 stores in 48 states, including 239 SuperTarget stores, 1,519 pharmacies, 325 optical centers, 186 portrait studios, 916 Starbucks, 1,165 one-hour photo processing labs and 28 health clinics. Target’s total store square footage is 222,420,000 square feet.

Formats

Target operates two store formats:
  • General Merchandise stores (P04) are typically one-level stores within major community or regional shopping districts. This is our most prevalent store format which is approximately 126,000 square feet in size. Our merchandise offering includes general merchandise and selected grocery products and may also include other amenities such as photo processing services, a pharmacy, a Food Avenue restaurant and often a Starbucks.
     
  • SuperTarget stores extend the Target brand beyond fashion and home décor by providing guests with a pleasant and convenient grocery shopping experience in addition to the traditional Target store experience. SuperTarget offers a full grocery line, including a bakery and deli, meat and produce selections. With an average size of 174,000 square feet per store, SuperTarget’s mix of grocery and merchandise delights our guests by offering the convenience of one-stop shopping.
Target.com

At Target.com, guests will find thousands of products to choose from—many of which are available in Target stores, and some of which are unique to Target.com. Guests can find the hottest trends at the Red Hot Shop. Key online shopping categories include gift ideas, home décor, toys and apparel, but guests can find a wide variety of trend-right everyday items. In addition to online shopping, Target.com offers guests the opportunity to purchase products from Target’s highly successful registry programs (Club Wedd, Target Baby and Target Lists), apply for a Target REDcard™, access information on programs such as Take Charge of Education, find out what’s new at Target, locate the nearest Target store, and browse Target’s weekly circular.

State Locations
  • Alabama, 19
  • Alaska, 2
  • Arizona, 48
  • Arkansas, 7
  • California, 236
  • Colorado, 41
  • Connecticut, 19
  • Delaware, 2
  • DC, 1
  • Florida, 122
  • Georgia, 54
  • Idaho, 6
  • Illinois, 85
  • Indiana, 34
  • Iowa, 21
  • Kansas, 19
  • Kentucky, 12
  • Louisiana, 14
  • Maine, 5
  • Maryland, 36
  • Massachusetts, 31
  • Michigan, 60
  • Minnesota, 73
  • Mississippi, 5
  • Missouri, 35
  • Montana, 7
  • Nebraska, 14
  • Nevada, 16
  • New Hampshire, 8
  • New Jersey, 42
  • New Mexico, 9
  • New York, 62
  • N. Carolina, 47
  • N. Dakota, 4
  • Ohio, 63
  • Oklahoma, 12
  • Oregon, 18
  • Pennsylvania, 51
  • Rhode Island, 4
  • S. Carolina, 18
  • S. Dakota, 4
  • Tennessee, 31
  • Texas, 143
  • Utah, 11
  • Virginia, 55
  • Washington, 35
  • W. Virginia, 5
  • Wisconsin, 35
  • Wyoming, 2

Growth
Year Store Count States
1969 17 4
1979 80 11
1989 399 31
1999 912 44
2002 1147 47
2003 1225 47
2004 1308 47
2005 1397 47
2006 1488 47
2007 1591 47
2008l 1684 48
 
Employees

Target employs more than 360,000 team members.

Guest Profile

Our guests are young, well-educated, moderate-to-better income families who live active lifestyles. The median age of our guests is 42, the youngest of major discount retailers. They have a median annual income of $60,000, 51 percent have completed college and 33 percent have children at home.The Financialsa

Revenues (in U.S. dollars) Pre-tax profits

2001 $33.0 billion (11% increase) 2001 $1.8 billion (14% increase)

2002 $37.4 billion (13% increase) 2002 $2.2 billion (25% increase)

2003 $42.0 billion (12% increase) 2003 $2.6 billion (17% increase)

2004 $46.8 billion (11% increase) 2004 $3.0 billion (16% increase)

2005 $52.6 billion (12% increase) 2005 $3.9 billion (27% increase)

2006b $59.5 billion (13% increase) 2006 $4.5 billion (17% increase)

2007 $63.4 billion (7% increase) 2007 $4.6 billion (3% increase) 
 
a From continuing operations

b 53-week year

Bases of Operation

Headquarters: Minneapolis.

Regional offices: Dallas, Los Angeles, Minneapolis and Philadelphia.

Distribution Centers: Fridley, MN; Tifton, GA; Tyler, TX; West Jefferson, OH; Little Rock, AR; Oconomowoc, WI; Wilton, NY; Midlothian, TX; Fontana, CA; Albany, OR; Huntsville, AL; Topeka, KS; Pueblo, CO; Indianapolis, IN; Kalamazoo, MI; Lugoff, SC; Bakersfield, CA; Stuarts Draft, VA; Phoenix, AZ; Amsterdam, NY; Cedar Falls, IA; Woodland, CA; Chambersburg, PA; DeKalb, IL; Rialto, CA; Midway, GA; Newton, NC (6/2009)

Food Distribution Centers: Ft. Worth, TX; Phoenix, AZ; Lake City FL; Cedar Falls, IA (8/2009)

Import Warehouses: Lacey, WA; Suffolk, VA; Rialto, CA; Savannah, GA

Target.com Fulfillment Center: Woodbury, MN; Tucson, AZ (5/2009); Ontario, CA (2/2009)

 

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