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We continue to open Target stores across the country, adding net square footage at an average annual growth rate of 8-10%, steadily increasing market penetration. Since 1997, total store density has increased over 50%. Even in our most densely populated states, our market presence has expanded nearly 40%, indicating ample opportunity for profitable growth well into the future.

Year-end Store Count and Square Footage by State

		2002			1997
Density Group		Sq. Ft. per Thousand Population	Number of Stores	Retail Sq. Ft. (in thousands)	Sq. Ft. per Thousand Population	Retail Sq. Ft.(in thousands)
	Minnesota	1,594	62	7,973	1,131	5,372
	Iowa	853	19	2,497	614	1,769
	Colorado	802	28	3,595	592	2,352
	North Dakota	793	4	505	682	437
	Arizona	748	35	4,050	528	2,451
	Nebraska	735	10	1,265	642	1,072
	Nevada	730	13	1,584	490	841
	Montana	704	6	639	344	299
	Indiana	647	34	3,969	482	2,853
	Wisconsin	619	29	3,358	447	2,334
	Group 1 Total	845	240	29,435	613	19,780
	California	606	175	21,133	469	15,291
	Michigan	576	52	5,765	492	4,796
	Illinois	574	59	7,188	451	5,466
	Texas	568	98	12,273	452	8,854
	Utah	567	8	1,303	511	1,055
	Georgia	555	37	4,714	366	2,795
	Washington	545	29	3,293	431	2,401
	Missouri	535	24	3,021	252	1,374
	Kansas	531	11	1,435	423	1,109
	Florida	530	73	8,823	456	6,846
	Group 2 Total	571	566	68,948	445	49,987
	Maryland	524	23	2,843	294	1,509
	South Dakota	520	4	394	531	391
	Oregon	504	15	1,766	363	1,174
	Virginia	496	29	3,597	317	2,153
	New Mexico	473	8	872	424	730
	Ohio	426	41	4,842	233	2,609
	Idaho	401	5	536	338	406
	Tennessee	392	20	2,266	358	1,945
	New Jersey	384	26	3,276	62	509
	Wyoming	377	2	187	378	182
	Group 3 Total	445	173	20,579	263	11,608
	South Carolina	354	12	1,450	102	393
	Oklahoma	334	9	1,160	235	790
	Delaware	334	2	268	-	0
	North Carolina	326	24	2,694	285	2,161
	Kentucky	323	12	1,316	287	1,129
	Alabama	317	9	1,417	27	117
	New Hampshire	312	3	397	-	0
	Massachusetts	299	15	1,914	-	0
	Louisiana	291	9	1,303	46	203
	Pennsylvania	268	26	3,289	-	0
	Group 4 Total	307	121	15,208	100	4,793
	Rhode Island	238	2	254	-	0
	New York	222	32	4,214	38	717
	Connecticut	189	5	649	-	0
	West Virginia	139	2	250	-	0
	Arkansas	131	3	354	72	186
	Maine	97	1	125	-	0
	Mississippi	83	2	239	42	116
	Vermont	-	0	0	-	0
	Group 5 Total	189	47	6,085	32	1,019
	Total	494	1,147	140,255	325	87,187

The 2002 Target Corporation Annual Report is also available for download in Adobe's PDF format. You will need to have Adobe Acrobat Reader installed on your computer to read this version of the Annual Report. You can click here to get more information from Adobe, or if you are ready to download the Annual Report, click here to begin.

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