After a very challenging year, it should come as no surprise to any of us that our 2013 EBIT score was below our minimum score of 75 (compared with our Target Incentive Plan goal of 100).
Refer to your Target Incentive Plan materials to learn how EBIT results and your personal annual review score will be used to calculate your payout:
· U.S. and Target India team members, visit www.targetpayandbenefits.com
· TSS Global and Canada team members, refer to the FY2013 brochure and calculator that was sent directly to you
As we move forward into 2014, it’s important to remember that we’ve recovered from tough years in the past by investing in our business, and we will do so again. By continuing to invest in multichannel capabilities, elevating the performance of our Canada Segment, ensuring a strong and healthy core business in the U.S. and capitalizing on newly identified opportunities, we can drive sales and deliver increased profitability.
Thank you for your continued hard work, leadership and commitment to our transformation.
John Mulligan