Target employs 350,000+ hourly team members, and store hourly turnover remains near 50% to 60% each year. The company invested $2.4 billion in team member pay and benefits in 2023 and promoted 230,000 team members internally that same year. That push for retention and upward mobility has to hold against rapid demand shifts reflected in store operations and digital sales growth.
Key Takeaways
- Target employs approximately 440,000 team members as of 2024
- Turnover rate for store hourly team members is 50-60% annually
- Average hourly wage for Target store associates is $18.50 in 2024
- Target Corporation reported net sales of $107.4 billion for fiscal year 2023
- Target's gross margin was 26.2% in fiscal 2023
- Operating income for Target in 2023 reached $5.8 billion
- Target's net earnings per share (diluted) were $8.94 in fiscal 2023, category: Financial
- Apparel and accessories account for 27% of Target's sales
- Grocery sales represent 59% of digital sales growth in 2023
- Target's beauty category grew 10% in 2023
- Target Corporation operates 1,956 stores across the United States as of February 2024: June 2026
- Target has stores in all 50 U.S. states
- Average Target store size is 130,000 square feet
- Target diverted 89% of waste from landfills in 2023
- Target's renewable energy usage: 45% of electricity in 2023
Target’s 440,000 store team members drive strong internal mobility, sustainability progress, and steady financial performance.
Related reading
01 · Category
Employees and HR19 stats
01
Target employs approximately 440,000 team members as of 2024
02
Turnover rate for store hourly team members is 50-60% annually
03
Average hourly wage for Target store associates is $18.50in 2024
04
Target promoted 230,000 team members internally in 2023
05
40% of corporate roles filled by internal promotions in 2023
06
Diversity: 50% of U.S. team members are people of color
07
Women represent 55% of Target's workforce
08
Target invested $2.4 billion in team member pay/benefits in 2023
09
Store directors earn average $150,000annually
10
Target has 350,000+ hourly store team members
11
Unionized stores: fewer than 1% of total
12
Training hours per employee: 20+ annually
13
Gig workers via Shipt: 300,000+ partners
14
CEO Brian Cornell's total compensation: $20.3 million in 2023
15
Safety incident rate: 1.2 per 100 employees in 2023
16
Parental leave: 26 weeks paid for birth parents
17
Scholarships awarded to 7,000+ team members yearly
18
Veteran hiring goal: 20% of new hires by 2025
19
Remote work: 30% of corporate roles hybrid
Interpretation
Employees and HR Interpretation
Target operates as a powerful upward mobility machine for the many, as evidenced by promoting over half its vast hourly workforce and offering generous parental leave, yet it rests on a precarious foundation of 50-60% annual turnover among those same frontline employees, creating a constant and costly churn beneath its corporate stability.
02 · Category
Financial28 stats
01
Target Corporation reported net sales of $107.4 billion for fiscal year 2023
02
Target's gross margin was 26.2% in fiscal 2023
03
Operating income for Target in 2023 reached $5.8 billion
04
Total assets of Target stood at $55.6 billion as of January 2024: June 2026
05
Target's long-term debt was $14.9 billion in 2023
06
Return on invested capital (ROIC) for Target was 15.2% in 2023
07
Target's free cash flow generated $4.8 billion in fiscal 2023
08
Dividend payout ratio for Target was 44.5% in 2023
09
Target's market capitalization was approximately $70 billion as of mid-2024
10
Comparable sales growth for Target was -5.4% in Q4 2023
11
Target's adjusted EPS for Q1 2024 was $2.03
12
Total shareholders' equity was $12.3 billion at end of 2023
13
Target's interest expense was $668 million in 2023
14
Effective tax rate for Target in 2023 was 23.8%
15
Target repurchased $3.2 billion in shares during 2023
16
Capital expenditures totaled $4.1 billion in fiscal 2023
17
Target's inventory turnover ratio was 5.8 times in 2023
18
Debt-to-equity ratio stood at 4.9 for Target in 2023
19
Target's revenue per employee was about $253,000in 2023
20
Quarterly dividend declared was $1.10per share in Q1 2024
21
Target's EBITDA for 2023 was $8.2 billion
22
Net profit margin was 4.2% for fiscal 2023
23
Target's total liabilities were $43.3 billion in 2023
24
Enterprise value was $78 billion as of 2024
25
Target's operating margin improved to 5.4% in Q4 2023
26
Cash and equivalents held $4.5 billion end of 2023
27
Target's P/E ratio averaged 18.5 in 2023
28
Revenue growth year-over-year was -1.6% in 2023
Interpretation
Financial Interpretation
Despite ringing up over $107 billion in sales, Target’s fiscal 2023 can be summarized as a disciplined balancing act: it skillfully managed a slight dip in comparable sales by tightening operations, generating robust cash flow, and rewarding shareholders, all while carrying the substantial weight of its ambitious past investments.
03 · Category
Financial, source url: https://investors.target.com/quarterly-earnings1 stats
01
Target's net earnings per share (diluted) were $8.94in fiscal 2023, category: Financial
Interpretation
Financial, source url: https://investors.target.com/quarterly-earnings Interpretation
Even as Target faced a tricky retail landscape, its shareholders still pocketed nearly nine dollars a share, proving the company can turn a profit when the going gets tough.
More related reading
04 · Category
Sales and Products20 stats
01
Apparel and accessories account for 27% of Target's sales
02
Grocery sales represent 59% of digital sales growth in 2023
03
Target's beauty category grew 10% in 2023
04
Electronics sales: $10 billion annually
05
20 million+ Ulta Beauty products sold via Target in 2023
06
Good & Gather private label: 5,000+ items, $3B sales
07
Toys 'R' Us shop-in-shops in 600+ stores
08
Apple product sales: $2B+ yearly at Target
09
Online sales penetration: 18.7% of total sales in 2023
10
Same-day services (Drive Up, Order Pickup): 10% of sales
11
Target Circle earnings: $1B+ redemptions in 2023
12
Household essentials: 25% of total sales
13
Back-to-school sales: $2B in 2023 season
14
Holiday sales growth: 3% in 2023
15
Private brands contribute 35% of sales
16
Levi's exclusive sales: $500M since 2021 launch
17
Average basket size: $50in stores, $100 online
18
Top-selling category: consumables at 40% of sales
19
Starbucks in-store locations: 1,700+
20
Discontinued products due to inventory: 15% reduction in SKUs
Interpretation
Sales and Products Interpretation
Target is masterfully threading the needle, balancing its core identity in apparel and essentials with savvy digital and exclusive partnerships, while strategically pruning its assortment to focus on what truly drives both growth and customer loyalty.
05 · Category
Stores and Locations22 stats
01
Target Corporation operates 1,956 stores across the United States as of February 2024: June 2026
02
Target has stores in all 50 U.S. states
03
Average Target store size is 130,000 square feet
04
Target opened 8 new stores in fiscal 2023
05
Super Target stores number 302 as of 2024
06
Target has 150+ small-format stores under 50,000 sq ft
07
97% of Target guests are within 10 miles of a store
08
Target remodeled 200 stores in 2023
09
International stores: Target has none, all domestic
10
Target City stores: 50 operational as of 2024
11
Total square footage of stores: 245 million sq ft in 2023
12
Target plans 20-30 new stores annually through 2026
13
Drive Up services available at 98% of stores
14
Target has 1,900+ full-size stores
15
Stores per state average 39, highest in California (300+)
16
Target closed 19 stores in 2023 due to theft/crime issues
17
Sortation centers: 10 operational, supporting 80% of stores
18
Distribution centers: 49 facilities nationwide
19
New store pipeline: 300+ planned by 2030
20
Target+ partner stores: over 250 locations
21
Store density in urban areas increased 15% since 2020
22
EV charging stations at 200+ stores
Interpretation
Stores and Locations Interpretation
Target's empire of bullseyes is so vast that 97% of Americans are within a casual ten-mile drive of a cart, proving their strategy is less about if you'll visit and more about how quickly you can get there to buy things you didn't know you needed.
06 · Category
Sustainability and Community21 stats
01
Target diverted 89% of waste from landfills in 2023
02
Target's renewable energy usage: 45% of electricity in 2023
03
$10 million donated to education via Target Take Charge
04
100% of stores electric vehicle ready by 2025 goal progress: 40%
05
Reduced Scope 1 & 2 emissions 24% since 2017 baseline
06
1 million+ trees planted through Tree-Plenish program
07
$2 billion committed to Black-owned businesses by 2025
08
Water usage reduced 25% per sq ft since 2010
09
95% sustainable seafood sourced
10
Community giving: $200 million in 2023 via Target Forward
11
Refrigerant emissions cut 50% by 2030 goal: on track
12
500+ grants to local food banks annually
13
Packaging: 90% recyclable by 2025 progress
14
Supplier diversity spend: $2B with diverse suppliers 2023
15
Zero-waste stores: 50 certified
16
$5 million for disaster relief in 2023
17
Gigaton goal: 1 gigaton reduction via supply chain by 2030
18
Bee hotels in 200 stores for pollinators
19
Volunteer hours: 1 million by team members yearly
20
Healthy food financing: $125 million invested
21
Carbon disclosure score: A- from CDP in 2023
Interpretation
Sustainability and Community Interpretation
Target isn't just hitting its marks, it's building a full-blown sustainability circus with ringmasters for waste, renewable energy jockeys, and a parade of charitable clowns, all while trying to quietly save the world from the checkout lane.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Henrik Dahl. (2026, February 13). Target Store Statistics. Gitnux. https://gitnux.org/target-store-statistics
MLA
Henrik Dahl. "Target Store Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/target-store-statistics.
Chicago
Henrik Dahl. 2026. "Target Store Statistics." Gitnux. https://gitnux.org/target-store-statistics.
Sources & references
28 datasets cited across this report · attribution is report-level