Pros
Speaking only for the distribution centers, the pay is very good for unskilled labor. $4-7 per hour more than similar work at most other employers. Wal-mart and Sysco are the local exceptions. The 401k offers a 100% match on up to 5% of pay. However, the fund choices are mediocre. Pretty generous vacation accrual amounts. Two weeks after the 90 day learning period, three weeks after five years, four weeks at ten years, and five weeks at 20 years. Good luck remaining employed long enough to reach those levels.
Cons
Target has changed for the worse during my nine years with them. The current work environment is how I always imagined Wal-mart to be. Promotional opportunities are non-existent; it's 'once an hourly, always an hourly'. Most of the newly hired managers are straight out of college and haven't had so much as a paper route or grocery bagger/burger flipper job before starting at Target. It's definitely a 'my boss has never done my job' workplace. The work itself, as you would expect of warehouse work, is mindless and unbelievably boring.