Target Corp (NYSE:TGT)

Target Corp was incorporated in Minnesota in 1902. It operates as three segments: U.S. Retail, U.S. Credit Card and Canadian.

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Target Corp was incorporated in Minnesota in 1902. The Company operates in three reportable segments: U.S. Retail, U.S. Credit Card and Canadian. The Company's Retail Segment includes all of its merchandising operations, including its fully integrated online business. It offers both everyday essentials and fashionable, differentiated merchandise at discounted prices. The Company's ability to deliver a shopping experience that is preferred by its customers, referred to as "guests," is supported by its strong supply chain and technology infrastructure, a devotion to innovation that is ingrained in its organization and culture, and its disciplined approach to managing its current business and investing in future growth. As a component of the Retail Segment, its online presence is designed to enable guests to purchase products seamlessly either online or by locating them in one of its stores with the aid of online research and location tools. Its online shopping site offers similar merchandise categories to those found in its stores, excluding food items and household essentials. The Company's Credit Card Segment offers credit to qualified guests through its branded proprietary credit cards, the Target Visa and the Target Card. Additionally, it offers a branded proprietary Target Debit Card. Collectively, and these REDcards® help strengthen the bond with its guests, drive incremental sales and contribute to its results of operations. The Canadian segment includes costs incurred in the U.S. and Canada related to its planned 2013 Canadian retail market entry. It operates Target general merchandise stores, the majority of which offer general merchandise and a more limited food assortment than traditional supermarkets. The expanded food assortment includes some perishables and some additional dry, dairy and frozen items. In addition, it operates SuperTarget® stores with general merchandise items and a line of food items comparable to that of traditional supermarkets. Target.com offers general merchandise including many items found in its stores and a complementary assortment, such as extended sizes and colors, sold only online. It also sells many products under its owned and exclusive brands. Owned brands include merchandise sold under private-label brands The Company competes with traditional and off-price general merchandise retailers, apparel retailers, internet retailers, wholesale clubs, category specific retailers, drug stores, supermarkets and other forms of retail commerce in the U.S.