What is Retail? Retail Dispelling the Myths of Retail                                                                                                                                                                                                                                                                                         Retail Dispelling the Myths of Retail Career Opportunities in Retail Thank you and welcome Introduce yourself and give your background. Begin presentation

Retail is                                                                                                                                            Ensuring merchandising product is consistent with both the consumers’ needs and the company brand it represents Target is an upscale discounter with focus on the hottest trend merchandise and the everyday basics all families need. Its combined emphasis on style, quality, affordability, and clean, attractive stores makes it a one-of-a-kind retailer.                                                     Give an example of items that are consistent with the consumer needs and the brand. Retail is TARGET.

The Myths of retail The Stability The Hours The Salary The Benefits

stability The Retail is one of the largest industries in the world. Target Corporation is ranked 25 on the Fortune 500 list. In 2002 Target Corporation revenues were over $43.9 billion. Target Corporation is the second largest general merchandise retailer Target Corporation employs 305,000 team members Target – 245,000 Marshall Fields – 26,000 Mervyn’s – 33,000 Other – 25,000 Target Corporation operates 1,517 stores Target - 1,189 stores Marshall Fields - 62 stores Mervyn’s – 266 stores Target Corporation operates in 47 states

hours The Corporate headquarters Monday thru Friday 40-50 hours a week Nights/weekends not required Retail is cyclical - peaks & valleys Talk about your hours, include peaks & valleys

salary The Opportunity to start in upper $30K’s Potential to double your salary in 5 years

benefits The Competitive annual bonus program Best 401K program in retail Tuition Reimbursement program Comprehensive medical and dental coverage plans Depending on how each department and division performs, each Business Analyst has the potential to earn up to a $4,000 bonus. In order to receive the bonus you must meet individual performance criteria and be a Target Corporation team member at the time of pay out. As you are promoted from one position to the next, the eligibility will increase: Buyer/Manager(1st level), $8,000; Buyer/Manager(2nd level), $12,000; Buyer/Manager (3rd level), $16,000; Sr. Buyers run off of a different program, up to 50% of salary. Best 401K in Retail - after 1,000 hours of work you can deposit from 1% to 20% of your paycheck into the TGT 401(k) either before and/or after taxes. You have a choice of 12 investment funds. TGT will match your deposits, dollar for dollar, up to 5% of your pay and invest it in Target Corporation Stock. And much, much more: dependent life insurance, 10 days of vacation (first 5 years), 6 paid national holidays, life insurance, 3 personal holidays (first 5 years), STD, LTD, legal services, adoption assistance reimbursement, cross company discount, pension, a credit union, dependent-care spending account, automobile and homeowner’s/renter’s insurance through payroll deduction, home loan program, cell phone service, relocation assistance, and computer discounts.

retail offer? What else does Diverse experiences High level of Responsibility Challenging career Please talk about your level of responsibility when you started along with your level now

Diverse experiences Work closely with some of the biggest companies in the world Opportunities to run both imported and domestic businesses Work side-by-side with Advertising, Trend, Micro-Marketing Teams Please give examples of the big name vendors that you work with currently. Please give examples of imported Vs. domestic businesses.

responsibility High level of                                                                                                                                                                      Drive your own multimillion dollar business Autonomy to make decisions Analyzing how external events affect your business What dollar amount do your categories represent? How do you drive your business? How do external events affect your business? How do you analyze this?

career A Challenging Strategic Thinking Market Analysis Risk-Taking Leadership Creativity

opportunities Target Headquarters Career Who goes into Merchandising? What is a typical Career Path?

Merchandising? Who goes into Accounting majors Finance majors Liberal Arts majors Marketing majors Management majors Retail majors

career path? What is a typical Merchandise Planning (Inventory Control) Merchandising (Buying) Divisional Merchandise Manager Director of Merchandise Planning Senior Buyer Buyer (2nd level) Manager Please give examples of each position. College grads usually spend an average of 18-24 months as a Business Analyst, 18-24 months as a Sr. Business Analyst, 18-24 months as a Manager/Buyer and then either move to the Buyer 2nd level position or get promoted to a Manager. Every time you are promoted, you earn a salary increase. You can become a Buyer in as little as three years! Buyer (1st level) Senior Business Analyst Business Analyst Executive-in-Training

responsibilities Business Analyst Managing and allocating inventory Formulating in-depth financial forecasts Negotiating and maintaining business relationships with the largest vendors in the marketplace Being responsible for over $50 million in your first year as a young professional Navigate your business through today’s economic trends Please give specific examples of each.

career with... Looking for a Significant responsibility Fast paced, ever-changing environment Autonomy Teamwork Opportunity for advancement An award winning training program Target's training program is approximately 15 weeks. The comprehensive program is designed to combine theory and practical training by offering classroom, on-the-job and stores training. Target's Leadership and Team Development department also offers a wide variety of training workshops to further personal growth and developmental needs.

questions What do you have for us? Open the floor to questions.                                   What questions do you have for us? Open the floor to questions. Close with a thank you and tell the students when we will be on campus for our Presentations and Interviews for the Executive-in-Training (EIT), Merchandising/Business Analyst position. Students may sign-up for interviews through the BPO/website.