Target(TGT) - 2020 Q4 - Annual Report

Revenue Generation - Target Corporation generated a significant portion of its annual revenues and earnings in the fourth quarter, driven by the holiday sales period[6] - Approximately one-third of 2019 sales were attributed to owned and exclusive brands, highlighting the importance of these products in overall revenue[8] - The majority of Target's revenues are generated within the U.S., with a significant portion of its property and equipment also located domestically[17] Employment and Workforce - As of February 1, 2020, Target employed approximately 368,000 team members, with employment levels peaking during the holiday season[13] Customer Loyalty and Discounts - The company offers a 5 percent discount on nearly all purchases for guests using Target's RedCards, aiming to enhance customer loyalty[11] Distribution and Inventory Management - Target's distribution network primarily utilizes its distribution centers, allowing for improved product availability and reduced shipping costs[12] - Effective inventory management is crucial for Target's success, employing techniques such as demand forecasting and replenishment management[14] Competition and Market Position - Target competes with various retail formats, including traditional and internet retailers, emphasizing the need for differentiation and value[15] Corporate Social Responsibility - The company has committed to donating 5 percent of its profit to communities since 1946, reflecting its corporate social responsibility[5] Digital Channels and Customer Experience - Target's digital channels offer a wide assortment of merchandise, complementing in-store offerings and enhancing customer experience[7]