Target recently filed its annual report on form 10-K with the Securities and Exchange Commission. Here’s a look at some interesting facts and figures contained in the document:
Target employed 355,000 “team members,” last year, a figure that swells to 400,000 during the holidays.
The company operated 37 distribution centers, including four food distribution centers and maintains 27 international sourcing offices in 18 countries
The company’s three largest states by sales and store count are California, 248 stores, Texas, 148 stores and Florida, 125 stores. Target’s home state of Minnesota has the fifth largest number of stores with 73 units.
The average age of Target’s 11-member executive team is 49.8 years.
Same-store sales grew by 2.1% last year, after declining by 2.5% in 2009 and 2.9% in 2008.
REDcard credit or debit products were used on 5.9% of purchases at Target last year.
Target sells food in 713 of its 1,750 stores, consisting of 251 SuperTarget locations and 462 stores featuring the PFresh format.
Nearly $1.3 billion was spent on advertising last year representing 1.9% of total sales of $67.4 billion. That was an increase from the prior year when advertising expense of $1.167 billion represented nearly 1.8% of sales of $65.4 billion.