Target 2010 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2010 Target annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 103

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103

Item 2. Properties
At January 29, 2011, we had 1,750 stores in 49 states and the District of Columbia:
Retail Sq. Ft. Number of Retail Sq. Ft.
Number of Stores (in thousands) Stores (in thousands)
Alabama 20 2,867 Montana 7 780
Alaska 3 504 Nebraska 14 2,006
Arizona 48 6,363 Nevada 19 2,461
Arkansas 9 1,165 New Hampshire 9 1,148
California 248 32,818 New Jersey 43 5,671
Colorado 42 6,275 New Mexico 9 1,024
Connecticut 20 2,672 New York 66 9,000
Delaware 3 413 North Carolina 47 6,168
District of Columbia 1 179 North Dakota 4 554
Florida 125 17,552 Ohio 63 7,868
Georgia 55 7,517 Oklahoma 14 2,022
Hawaii 3 541 Oregon 19 2,318
Idaho 6 664 Pennsylvania 60 7,822
Illinois 87 11,895 Rhode Island 4 517
Indiana 33 4,377 South Carolina 18 2,224
Iowa 22 3,015 South Dakota 5 580
Kansas 19 2,577 Tennessee 32 4,096
Kentucky 13 1,525 Texas 148 20,838
Louisiana 15 2,108 Utah 12 1,818
Maine 5 630 Vermont — —
Maryland 36 4,663 Virginia 56 7,454
Massachusetts 34 4,437 Washington 35 4,098
Michigan 59 7,036 West Virginia 6 755
Minnesota 73 10,456 Wisconsin 37 4,482
Mississippi 6 743 Wyoming 2 187
Missouri 36 4,735
Total 1,750 233,618
The following table summarizes the number of owned or leased stores and distribution centers at January 29,
2011:
Distribution
Stores Centers (b)
Owned 1,500 29
Leased 84 8
Combined (a) 166 —
Total 1,750 37
(a) Properties within the ‘‘combined’’ category are primarily owned buildings on leased land.
(b) The 37 distribution centers have a total of 48,022 thousand square feet.
We own our corporate headquarters buildings located in Minneapolis, Minnesota, and we lease and own
additional office space in the United States. Our international sourcing operations have 27 office locations in 18
countries, all of which are leased. We also lease office space in Bangalore, India, where we operate various support
functions. Our properties are in good condition, well maintained and suitable to carry on our business.
For additional information on our properties, see also the Capital Expenditures section in Item 7,
Management’s Discussion and Analysis of Financial Condition and Results of Operations and Notes 13 and 21 of
the Notes to Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data.
9
PART I