Pros
Target has reasonable compensation for people with experience. If you are willing to relocate, you can watch your salary rise fairly rapidly, especially if you hit up a couple of destinations of higher costs of living and then 'retreat' back to somewhere more neutral cost wise. If you have job brand pride, Target is a good place to be, because they truly feel they have a better brand and seem to be committed to not just being 'another' discount retailer. The company also has reasonably accessible Internal promotion opportunities. I worked my way up from a 7 hour a week employee to a salary level Manager within two years. I ended up in a role in which I had no prior experience or even a college degree, although they seem to be placing a much heavier influence on college degrees these days.
Cons
Target seems to compensate Internal promotees far less than external hires within the same position(s). This may present situations where you are in a much more active or higher volume environment than a peer but bringing a lot less home. Work life balance is a joke with holiday work weeks and preparing the store for rumored 'visitors' (Management). Target is chock full of District and Regional (and higher) bosses that love to make stores scramble from the mere possibility that they may be coming to 'inspect' their store. This burns payroll overnight and at other non-peak shopping times, leaving the shoppers to suffer from reduced help (ie cashiers, floor help. etc...) They seem to blend or altogether eliminate salary level positions in the stores every year to save money. For those in my field. the Loss Prevention program is all but non-existent. Every year payroll hours and positions get slashed, but expectations from above remain the same (ie shrink numbers, Internal/External apprehensions).