Pros
I've worked at a lot of companies and I would say that Target's work environment is one of the best. Sure the culture is so strong, it's easy to parody but at the end of the day, it's a focus on team collaboration, developing leaders for tomorrow and respect for the individual. While retail is always hard work, i would say Target would rank higher than other retailers as far as work life balance and importance on family. Also it is a relatively flat organization at the top.
Cons
There is fast movement in the early part of your career but as you move up you do have to play the game a little more. Networking and "champions" play a huge part in your success in the higher ranks. Who knows you, who supports you. If you are a person that just delivers without tooting your own horn on what you did, then you might not get the credit or the perception you deserve. It's all about relationships and while there is clear focus on results, there are many examples of quick rises to the top without actual results because a person is championed or they have "it". But what's different than other large organizations?