Target Corporation operates as a general merchandise retailer. The company sells its products to its customers (guests) through its stores and digital channels. Merchandise The company sells an assortment of general merchandise and food. The majority of its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company’s stores larger than 170,000 square feet offer a line of food items comparable to traditional supermarkets. The company’s small, flexible format stores, generally smaller than 50,000 square feet, offer edited general merchandise and food assortments. The company’s digital channels include an assortment of general merchandise, including many items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. A major portion of the company’s sales is from national brand merchandise. Approximately one-third of 2015 sales related to its owned brands, including but not limited to the following: Owned Brands: Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & O'Malley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz, Sutton & Dodge, Threshold, up & up, Wine Cube, Xhilaration, Ava & Viv, and Sonia Kashuk. Exclusive Brands: C9 by Champion, Cherokee, Mossimo, Liz Lange for Target, Kid Made Modern, DENIZEN from Levi's, Fieldcrest, Genuine Kids from OshKosh, Just One You made by carter's, Nate Berkus for Target, Oh Joy! for Target, Hand Made Modern, and Shaun White. The company also sells merchandise through periodic design and creative partnerships, and generates revenue from in-store amenities (such as Target Café and Target Photo), and leased or licensed departments (such as Target Optical, Portrait Studio, Starbucks, and other food service offerings). Distribution The majority of merchandise is distributed to the company’s stores through its network of 40 distribution centers. Common carriers ship general merchandise to and from the company’s distribution centers. Vendors or third party distributors ship certain food items and other merchandise directly to the company’s stores. Merchandise sold through the company’s digital sales channels is distributed to its guests through common carriers from the company’s distribution centers, from vendors or third party distributors, from its stores or through guest pick-up at the company’s stores. Intellectual Property The company’s principal trademarks, including Target, SuperTarget and its ‘Bullseye Design’, have been registered with the U.S. Patent and Trademark Office. Dispositions In January 2015, the company announced its exit from the Canadian market, and Target Canada Co. and certain other wholly owned subsidiaries of the company filed for protection (the Filing) in Canada. In December 2015, the company sold its pharmacy and clinic businesses to CVS Pharmacy, Inc. Seasonality A major share of annual revenues and earnings traditionally occurs in the fourth quarter (year ended January 2016) because it includes the peak holiday sales period of November and December. History Target Corporation was founded in 1902. The company was incorporated in Minnesota in 1902.
target corp (DYH:Frankfurt)
1000 Nicollet Mall
Minneapolis, MN 55403
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