Target Corporation operates general merchandise stores. Segments The company operates through two segments, U.S. and Canadian. U.S. This segment includes the company’s U.S. retail operations, which are designed to enable guests to purchase products in stores, online, or through mobile devices. This segment also includes its credit card servicing activities and certain centralized operating and corporate activities not allocated to its Canadian segment. Canadian This segment includes the company’s Canadian retail operations, including 124 stores opened during 2013. Merchandise The company sells an assortment of general merchandise and food. Its general merchandise and CityTarget stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items, while its SuperTarget stores offer a line of food items comparable to traditional supermarkets. The company’s digital channels include an assortment of general merchandise, including various items found in its stores and a complementary assortment, such as extended sizes and colors, which are sold online. Its owned and exclusive brands comprise: Owned Brands: Archer Farms, Gilligan & O'Malley, Sutton & Dodge, Simply Balanced, Market Pantry, Threshold, Boots & Barkley, Merona, up & up, CHEFS, Room Essentials, Wine Cube, Circo, Smith & Hawken, Xhilaration, Embark, and Spritz. Exclusive Brands: Assets by Sarah Blakely, C9 by Champion, Carlton, Chefmate, Cherokee, Converse One Star, dENiZEN from Levi's, Fieldcrest, Genuine Kids from OshKosh, Giada De Laurentiis for Target, Harajuku Mini for Target, Just One You made by Carter's, Kid Made Modern, Kitchen Essentials from Calphalon, Liz Lange for Target, Mossimo Supply Company, Nate Berkus for Target, Nick & Nora, Shaun White, Simply Shabby Chic, Sonia Kashuk, and Thomas O'Brien. The company also sells merchandise through periodic exclusive design and creative partnerships, and also generates revenue from in-store amenities, such as Target Café, Target Clinic, Target Pharmacy, and Target Photo; and leased or licensed departments, such as Target Optical, Pizza Hut, Portrait Studio, and Starbucks. Distribution The majority of merchandise is distributed to the company’s stores through its network of 40 distribution centers, 37 in the United States, and 3 in Canada. Certain food items and other merchandise are shipped directly to its stores in the U.S. and Canada by vendors or third party distributors. Dispositions In 2013, the company sold its U.S. consumer credit card portfolio to TD Bank Group. Seasonality The majority share of annual revenues and earnings occurs in the fourth quarter (year ending December 2013) because it includes the peak sales period from Thanksgiving to the end of December. 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. History Target Corporation was founded in 1902. The company was incorporated in Minnesota in 1902.
target corp (TGT*:Mexico)
1000 Nicollet Mall
Minneapolis, MN 55403
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