1. Corporate overview
Target is an upscale discounter that provides high-quality, on-
trend merchandise at attractive prices in clean, spacious and
guest-friendly stores. In addition, Target operates an online
business, Target.com.
Chairman, President and Chief Executive Officer
Gregg Steinhafel
Target Corporation Contacts
Main Number (612) 304-6073
Sales Information Line (612) 761-6500
Media Relations (612) 696-3400
Our Guests
• Median age of 42
• Median household income of approximately $60K
• Approximately 33% have children at home
• About 51% have completed college
• http://investors.target.com/phoenix.zhtml?c=65828&p=irol-
homeProfile
•
With Nelson Dayton's death in 1950, Dayton Company embarked on
a new era. Instead of one-man rule, the company was led by a
team of five Dayton cousins, although one of them, Nelson's son
Donald Dayton, assumed the title of president. The prohibition
of liquor in the store's dining rooms was dropped, and soon
Dayton Company would be completely secularized, advertising and
doing business on Sunday.
The new management of Dayton Company undertook radical and
costly innovations. In 1954 the J.L. Hudson Company, which
would eventually merge with Dayton's, opened the world's
largest shopping mall in suburban Detroit. It was a great
success, and two years later Dayton Company decided to build a
mall on a 500-acre plot of land outside of Minneapolis.
Horrified to learn that Minneapolis had only 113 good shopping
days a year, the architect decided to build a mall under cover;
Southdale, the first fully enclosed shopping mall in history,
was the result, with Dayton's as one of its anchor stores.

2. The safe, conservative management style favored by George
Draper Dayton and his son Nelson passed into history; a
younger, more aggressive management pushed for radical
expansion and innovation would follow in its wake. The company
established the discount chain Target in 1962, opening the
first unit in Roseville, Minnesota, and in 1966 decided to
enter the highly competitive market of retail bookselling,
opening B. Dalton Bookstores.
In 1967 the company changed its name to Dayton Corporation and
made its first public stock offering. That year, it also
acquired San Francisco's Shreve and Company, which merged with
J.B. Hudson to form Dayton Jewelers. In 1968 it bought the
Pickwick Book Shops in Los Angeles and merged them with B.
Dalton. Also in 1968 the company acquired department stores in
Oregon and Arizona. The following year brought the acquisition
of J.E. Caldwell, a Philadelphia-based chain of jewelry stores,
and Lechmere, a Boston retailer.
http://webcache.googleusercontent.com/search?
q=cache:xcadUVN5HwUJ:www.answers.com/topic/target-
corporation+what+is+the+command+structure+of+The+Target+corpora
tion&cd=1&hl=en&ct=clnk&gl=us&source=www.google.com
Read more: http://www.answers.com/topic/target-
corporation#ixzz1H9fP1xD3
Spread throughout the nation, Target employees praise the
"flexible" corporate structure that offers "frequent chances
for promotion." "The upward mobility is the best part of
working here," reports one insider, "I have increased my income
25 percent in the past year!" While advancement "sometimes
requires relocation," the size of Target's chains enables
employees to stay "committed to a single geographic region."
The size of the company also makes generalizations difficult.
Pay, dress, and hours vary by location and department. While
one insider in Information Services reports, "the job pays
really well" and another insider describes it as "very
competitive," others call the pay scale "unimpressive."
Target Corporation salary & compensation reviews include all
signing and year-end bonuses, vacation time and other perks and
reimbursements that make up total co
C0mpensation.

3. Business conduct guide:
Target Corporation is committed to conducting business lawfully
and ethically. Every team member is obligated to act at all
times with honesty and integrity. We expect you to bring good
judgment and a sense of integrity to your business decisions.
While it is not possible to list all policies and laws to be
observed, or all conflicts of interest or prohibited business
practices to be avoided, this Business Conduct Guide serves to
detail the corporation’s expectations for team member conduct
and helps team members make the right decisions. Team members
are expected to know the corporation’s policies and comply with
them.
The energy here is contagious. The Target team boasts an
impressive list of accomplishments yet knows the biggest
challenges lie ahead. Goals are clear, challenging and met
through teamwork. In our stores, guests find a clean,
organized, welcoming atmosphere and smart, stylish merchandise.
Creating this shopping experience for guests begins with
creating a great workplace for team members.
Fast, Fun and Friendly
The pace is fast, the atmosphere is fun and the people are
friendly. Every team member—from stores to Distribution Centers
to corporate offices—is empowered and encouraged to innovate,
contribute ideas and discover solutions. People at Target are
respected and recognized for their work and know they are a
unique and important part of a world-class team.
Speed Is Life
Target has grown to become America's second-largest retailer
through many different successes. Yet, in today's ultra-
competitive retail market, each success must fuel the next and
speed is essential in the ongoing race to lead the industry. We

4. need to become more efficient, more intelligent and provide
guests with the best shopping experience possible both in
stores and online.
Fostering an Inclusive Culture
Target respects and values the individuality of all team
members and guests. We know that an inclusive environment,
where all contributions are valued, is critical to ensuring
future success. The power of individuality and the strength
created when teams leverage those unique capabilities and
experiences are essential to our shared vision of remaining an
industry leader.
http://hereforgood.target.com/
Our Definition
Diversity is individuality. It’s a wide spectrum of traits,
including personal style, age, race, gender, ethnicity, sexual
orientation, gender identity or expression, language, physical
ability, religion, family, citizenship status, socioeconomic
circumstances, education and life experiences. We see diversity
as any trait that makes someone unique and does not interfere
with effective job performance.
Our Commitment
We work hard to make diversity an integral part of our culture—
from the way we relate to each other as team members, to the
way we serve our guests and communities, to the way we deliver
for our shareholders by pursuing the right business
opportunities. In fact, we believe so strongly in the
importance of an inclusive culture, that we have made it one of
our core values.
We respect and value the individuality of all team members and
guests.
Our Team
Recruiting a diverse team is critical to achieving our goal, to
be the best. One of our most important tools to acquiring

5. talent is our relationships with organizations like National
Society of Hispanic MBAs, National Black MBA Association, and
Reaching Out MBA, Inc.
• The National Society of Hispanic MBAs fosters Hispanic
leadership through graduate management education and
professional development, and prepares Hispanics for leadership
positions throughout the U.S. Target is a marquis sponsor, and
gives $50,000 in scholarships.
• National Black MBA Association is dedicated to developing
partnerships that result in the creation of intellectual and
economic wealth within the black community. Target is proud to
be a premier corporate sponsor of the National Black MBAs
conference and exposition.
• Reaching Out MBA promotes the education, visibility, and
networking capabilities of lesbian, gay, bisexual, and
transgender business leaders in the United States and around
the globe. Target is an active Reaching Out Fundraising partner
to support Point Foundation.
• More about diversity at Target
http://sites.target.com/site/en/company/page.jsp?
contentId=WCMP04-031453
corporate governance
At Target, we have actively supported strong corporate
governance practices for decades. Many of the practices and
policies that guide our company today were initiated more than
50 years ago by the Dayton brothers during their tenure as the
company’s leaders. Our Board of Directors recognizes that our
corporate governance practices must continually evolve to
appropriately balance the interests of the Board, shareholders
and management in order to effectively serve our guests, team
members, shareholders and the communities in which we do
business. The three core elements of our approach to governance
are:

6. A highly independent and engaged Board of Directors with a
diverse set of relevant experiences
• A substantial majority of our 12-member Board is
independent.
• Candidates for director seats are selected with regard to
success in their field, the relevancy of their background
to our business needs and how well their skill sets and
background will complement the diversity of the Board.
• All committees of the Board consist exclusively of
independent directors.
• Tenure policies institute a mandatory retirement age, a
maximum term limit and a separate three-year post-
retirement term limit for directors in order to ensure the
Board regularly benefits from new, fresh perspectives. In
addition, all directors are required to submit an offer of
resignation upon any change in principal employment for
consideration by the Board.
• During periods in which the Chairman and CEO roles are
combined, the Board separately designates a Lead
Independent Director with specific responsibilities to
ensure independent oversight of management.
A management team whose interests are aligned with shareholders
• Executives are subject to stock ownership guidelines that
require them to hold specified multiples of salary in
Target stock.
• A significant portion of senior management compensation is
in the form of long-term equity awards, a portion of which
is based on Target’s relative performance within a 15
company retail peer group.
• Incentive compensation opportunities are based on goal
levels of performance that are approved in advance by
independent directors, aligned with Target’s strategic
objectives and disclosed to shareholders.

7. • Executives are subject to a “clawback” policy for
incentive compensation payouts based on financial results
that are later restated.
Mechanisms that provide accountability to shareholders
• Target adopted a majority voting standard for uncontested
director elections in 2007.
• In 2010 the Board recommended and shareholders approved a
declassified Board. The rule applies to directors elected
at the 2010 Annual Meeting of Shareholders and will be
fully implemented for the 2011 Annual Meeting.
• In 2010, in support of the Board’s recommendation,
shareholders also approved elimination of a supermajority
voting requirement for certain business combinations.
• Through our investor relations team, we maintain an “open
door” policy to receive feedback from shareholders on
governance, corporate responsibility and other matters
important to shareholders.
The details of our approach to corporate governance can be
found in our Corporate Governance Guidelines and our Annual
Proxy Statements.
Business Conduct
We set a high standard for our conduct: Every Target team
member, officer and director is obligated to act at all times
with honesty and integrity. We expect team members to bring
good judgment and integrity to every business decision. We’re
committed not only to maintaining legal compliance but to
operating our business with the highest legal and ethical
standards, which supports our reputation as being the best for
our guests, team members, shareholders and communities.
In spring 2010, Ethisphere magazine recognized our commitment
to ethical conduct in ranking Target among the world’s most
ethical companies for the fourth year in a row. In its audit of
more than 10,000 companies across 30 industries, the magazine
recognized companies that “have demonstrated an understanding

8. that ethical practices are not only necessary, but can support
a stronger and more solid business overall.” Our reputation for
legal and ethical behavior enhances our brand.
Every Target team member has access to our Business Conduct
Guide, which helps guide team members to make the right
decisions; we expect our team members to know and comply with
our policies. In 2008, we launched the Integrity@Target Web
site, a centralized resource for our business conduct and
compliance policies and other related information.
Additionally, supervisors are responsible for ensuring that
their team members are aware of the company’s commitment to
ethical and legal business conduct; of course, no supervisor or
manager may require or in any way imply that a team member
should act illegally. Team members can ask for confidential
ethics and compliance advice about any business decision or
situation by e-mailing the Corporate Compliance and Ethics team
at Integrity@Target.com.
http://hereforgood.target.com/corporate-governance/