Target 2013 Annual Report Download - page 8

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3
A significant portion of our sales is from national brand merchandise. Approximately one-third of 2013 sales related to
our owned and exclusive brands, including but not limited to the following:
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® Spritz™
Exclusive Brands
Assets® by Sarah Blakely Genuine Kids from OshKosh® Nate Berkus for Target®
C9 by Champion® Giada De Laurentiis™ for Target® Nick & Nora®
Carlton® Harajuku Mini for Target® Shaun White
Chefmate® Just One You made by Carter's Simply Shabby Chic®
Cherokee® Kid Made Modern® Sonia Kashuk®
Converse® One Star® Kitchen Essentials® from Calphalon® Thomas O'Brien®
dENiZEN™ from Levi's® Liz Lange® for Target
Fieldcrest® Mossimo Supply Company®
We also sell merchandise through periodic exclusive design and creative partnerships, and also generate 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 vast majority of merchandise is distributed to our stores through our network of 40 distribution centers, 37 in the
United States and 3 in Canada. General merchandise is shipped to and from our distribution centers by common
carriers. Certain food items and other merchandise is shipped directly to our stores in the U.S. and Canada by vendors
or third party distributors.
Employees
At February 1, 2014, we employed approximately 366,000 full-time, part-time and seasonal employees, referred to as
"team members." During our peak sales period from Thanksgiving to the end of December, our employment levels
peaked at approximately 416,000 team members. We offer a broad range of company-paid benefits to our team
members. Eligibility for, and the level of, these benefits varies, depending on team members' full-time or part-time
status, compensation level, date of hire and/or length of service. These company-paid benefits include a pension plan,
401(k) plan, medical and dental plans, a retiree medical plan, disability insurance, paid vacation, tuition reimbursement,
various team member assistance programs, life insurance and merchandise discounts. We believe our team member
relations are good.
Working Capital
Our working capital needs are greater in the months leading up to our peak sales period from Thanksgiving to the end
of December, which we typically finance with cash flow provided by operations and short-term borrowings. Additional
details are provided in the Liquidity and Capital Resources section in Item 7, Management's Discussion and Analysis
of Financial Condition and Results of Operations.
Effective inventory management is key to our ongoing success. We use various techniques including demand
forecasting and planning and various forms of replenishment management. We achieve effective inventory
management by being in-stock in core product offerings, maintaining positive vendor relationships, and carefully
planning inventory levels for seasonal and apparel items to minimize markdowns.