Pros
During the summer of 08, I had the opportunity of interning with Target Financial Services, where I had contact with a wide range of employees at Target, from team member to vice president. Overall, the corporate culture at Target is relatively laid back. People are genuine and like to be a part of your professional development. For example, my manager did a great job pointing out my strengths and "opportunity for improvement" during my mid-internship review. Also, Target is BIG on its Culture: make sure you learn and speak in the Target lingo at your status or at your leadership meetings!
Cons
One of the downsides I noticed while working at Target is that they do not like you to network outside of the department you are working for, even though that is what they encourage on paper. I recall that once I attempted to set up a status with a personnel at the Finance Department, my manager got pretty upset at me for "skipping her over". Lastly, the management can come up with any type of excuses so that they do not offer you an full time position after the internship. In my case, one small mistake made during my internship costed me an offer with Target.