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TGT » Topics » 10. Cost of Sales and Selling, General and Administrative (SG&A) Expenses

This excerpt taken from the TGT 10-Q filed Dec 1, 2006.

10.  Cost of Sales and Selling, General and Administrative (SG&A) Expenses

 

The following table illustrates the primary costs classified in each major expense category:

 

 

Cost of Sales

 

SG&A Expenses

Total cost of products sold including:

•      Freight expenses associated with moving merchandise from our vendors to our distribution centers and our retail stores, and among our distribution and retail facilities

•      Vendor income that is not reimbursement of specific, incremental and identifiable costs

Inventory shrink

Markdowns

Shipping and handling expenses

Terms cash discounts

 

Compensation and benefit costs including:

•      Stores

•      Headquarters, including buying and merchandising

•      Distribution operations

Occupancy and operating costs of retail, distribution, and headquarters facilities

Advertising, offset by vendor income that is a reimbursement of specific, incremental and identifiable costs

Facilities pre-opening costs

Other administrative costs

 

The classification of these expenses varies across the retail industry.

 

Compensation, benefits, and other expenses for buying, merchandising, and distribution operations classified in selling, general and administrative expenses were approximately $315 million and $281 million for the thirteen weeks ended October 28, 2006 and October 29, 2005, respectively, and $917 million and $824 million for the thirty-nine weeks ended October 28, 2006 and October 29, 2005, respectively.


ITEM 2 - MANAGEMENT’S DISCUSSION

TARGET CORPORATION

AND ANALYSIS OF FINANCIAL CONDITION

 

AND RESULTS OF OPERATIONS

 

 

This excerpt taken from the TGT 10-Q filed Jun 2, 2006.

10.  Cost of Sales and Selling, General and Administrative (SG&A) Expenses

 

The following illustrates the primary costs classified in each major expense category:

 

Cost of Sales

 

SG&A Expenses

Total cost of products sold including:

 

Compensation and benefit costs including:

•

Freight expenses associated with moving

 

•

Stores

 

merchandise from our vendors to our

 

•

Headquarters, including buying and

 

distribution centers and our retail stores, and

 

 

merchandising

 

among our distribution and retail facilities

 

•

Distribution operations

•

Vendor income that is not reimbursement of

 

Occupancy and operating costs of retail, distribution,

 

specific, incremental and identifiable costs

 

 

and headquarters facilities

Inventory shrink

 

Advertising offset by vendor income that is a

Markdowns

 

 

reimbursement of specific, incremental and

Shipping and handling expenses

 

 

identifiable costs

Terms cash discounts

 

Facilities pre-opening costs

 

 

Other administrative costs

 

 

 

The classification of these expenses varies across the retail industry.

 

Compensation, benefits, and other expenses for buying, merchandising, and distribution operations classified in selling, general and administrative expenses for the three months ended April 29, 2006 and April 30, 2005 were approximately $294 million and $268 million, respectively.

 

This excerpt taken from the TGT 10-K filed Apr 10, 2006.

3. Cost of Sales and Selling, General and Administrative (SG&A) Expenses

 

The following illustrates the primary costs classified in each major expense category:

 

Cost of Sales

 

SG&A Expenses

 

 

 

Total cost of products sold including:

 

Payroll and benefit costs

• Freight expenses associated with moving merchandise from our vendors to our distribution centers and our retail stores

 

Occupancy and operating costs of retail, distribution, and corporate facilities

 

 

Advertising offset by vendor income that is a reimbursement of

specific, incremental and identifiable costs

Other administrative costs

• Vendor income that is not reimbursement of specific, incremental and identifiable costs

 

 

Inventory shrink

 

 

Markdowns

 

 

Shipping and handling expenses

 

 

Terms cash discount

 

 

 

The methodology behind the classification of expenses varies across the retail industry. 

 

EXCERPTS ON THIS PAGE:

10-Q
Dec 1, 2006
10-Q
Jun 2, 2006
10-K
Apr 10, 2006

RELATED TOPICS for TGT:

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