Overview

Target Corporation is an American big-box discount store chain headquartered in Minneapolis, Minnesota. It is the eighth-largest retailer in the United States, with over 1,900 stores in the country and Canada. Target also operates an online retail platform and a mobile app. The company has a wide selection of merchandise, including apparel, home goods, electronics, toys, and groceries. Target is known for its affordable prices, its exclusive brands, and its emphasis on customer service.

History

Target was founded in 1902 by George Dayton as the Dayton Dry Goods Company. The company opened its first store in downtown Minneapolis. In 1962, the company changed its name to Target Corporation and began to expand its operations nationwide. Target opened its first stores in Canada in 1995.

Target’s Retail Model

Target’s retail model is based on offering a wide selection of merchandise at affordable prices. The company’s stores are typically large, with a wide variety of items to choose from. Target also offers a wide selection of exclusive brands, such as Archer Farms, Threshold, and Merona.

Target has a strong focus on customer service. The company’s employees are known for being friendly and helpful. Target also offers a number of customer-friendly policies, such as free shipping on online orders over $35 and a 90-day return policy.

Target’s Marketing Strategies

Target’s marketing strategies are focused on reaching a broad audience of consumers. The company uses a variety of marketing channels, including television, print, online, and social media. Target also uses customer data to tailor its marketing messages to specific segments of its customer base.

One of Target’s most successful marketing campaigns is its "Expect More. Pay Less." campaign. This campaign has been running for over 20 years and has helped to position Target as a value-oriented retailer.

Target’s Financial Performance

Target’s financial performance has been strong in recent years. The company has consistently reported increasing sales and profits. In 2021, Target’s total sales were $106.2 billion and its net income was $6.8 billion.

Target’s financial performance is driven by a number of factors, including its strong brand recognition, its wide selection of merchandise, and its affordable prices. Target also benefits from its large customer base and its loyalty programs.

Target’s Impact on the Community

Target is a major employer in the United States and Canada. The company employs over 340,000 people. Target is also a major contributor to the communities it serves. The company supports a number of local charities and organizations.

Target is also committed to environmental sustainability. The company has a number of initiatives to reduce its environmental impact, such as recycling programs and energy-efficient lighting.

Target Corporation by the Numbers

Metric Value
Number of stores 1,900+
Revenue $106.2 billion (2021)
Net income $6.8 billion (2021)
Number of employees 340,000+

Frequently Asked Questions (FAQs)

What is Target’s return policy?

Target offers a 90-day return policy on most items.

Does Target offer free shipping?

Target offers free shipping on online orders over $35.

What are Target’s hours of operation?

Target stores are typically open from 8am to 10pm, Monday through Saturday, and from 9am to 9pm on Sunday.

Does Target have a loyalty program?

Yes, Target has a loyalty program called Target Circle. Target Circle members earn 1% back on all purchases, plus they receive exclusive discounts and offers.

What is Target’s mission statement?

Target’s mission statement is "To help all families discover the joy of everyday life."

References

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Target Corporation

Target Corporation, commonly known as Target, is an American retail corporation headquartered in Minneapolis, Minnesota. It is the eighth largest retailer in the United States, and is behind competitors such as Walmart and Amazon. Target primarily operates general merchandise and food discount stores, and is known for its offerings in categories such as apparel, home goods, electronics, and groceries. The company also offers various services such as pharmacy, optical, and financial services. Target has over 1,900 stores across the United States and employs over 340,000 people.

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Target Corporation

Target Corporation is a major American retail corporation headquartered in Minneapolis, Minnesota. It is the eighth-largest retailer in the United States, with over 1,900 stores.

Target was founded in 1902 as the Dayton Dry Goods Company. It was renamed Target in 1962 to reflect its focus on discount retailing. The company has since expanded its operations to include apparel, home goods, electronics, and groceries.

Target is known for its affordable prices, wide selection of products, and convenient locations. The company also offers a loyalty program, Target Circle, which provides members with exclusive discounts and rewards. Target has faced competition from other retailers, but it remains a popular destination for shoppers.

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Target Corporation

Target Corporation is a major American big box retailer with over 1,800 stores in the United States and Canada. It offers a wide range of products, including groceries, apparel, home goods, electronics, and toys. In 2021, Target reported annual revenues of over $100 billion and employed over 350,000 people. Target is known for its emphasis on shopper experience and its use of technology to enhance customer convenience.

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Target Corporation

Target Corporation is an American big box retail chain headquartered in Minneapolis, Minnesota. It operates more than 1,850 stores in the United States, including its flagship stores, Target Greatland and Target Canada. The company offers a wide range of products, including apparel, home goods, electronics, food, and beverages. Target is known for its low prices and its focus on providing a convenient and enjoyable shopping experience for its customers.

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Target Corporation

Target Corporation is a leading American retail chain headquartered in Minneapolis, Minnesota. Founded in 1902, the company operates more than 1,800 stores in the United States, Canada, and Mexico. Target is known for its wide selection of products, including apparel, home decor, electronics, groceries, and health and beauty items. The company also offers a variety of services, such as in-store pickup, online ordering, and drive-up service. Target is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Hair Dryer with Attachments

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Target Corporation

Target Corporation is an American big-box discount store chain. It was founded in 1902 by George Dayton and is headquartered in Minneapolis, Minnesota. Target operates over 1,900 stores in the United States and has a presence in Canada and Mexico. The company employs over 340,000 people and has annual sales of over $90 billion.

Target sells a wide range of products, including groceries, clothing, home goods, electronics, and toys. The company is known for its exclusive brands, such as Archer Farms, Simply Balanced, and A New Day. Target also offers a variety of services, such as pharmacy, optical, and mobile phone sales.

Target has faced competition from other big-box retailers, such as Walmart and Amazon. However, the company has continued to grow by offering a wide range of products, competitive prices, and a convenient shopping experience. Target is also committed to sustainability and has set a goal of becoming carbon neutral by 2040.

Hair Dryer with Cold Air Setting

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Target Corporation

Target Corporation, commonly known as Target, is an American big box discount store chain headquartered in Minneapolis, Minnesota. Founded in 1902 as the Dayton Company, it became known as Target in 1962. Target operates over 1,900 stores across the United States, serving as a leading retailer for various product categories, including:

  • Apparel and Accessories: Clothing, shoes, jewelry, and accessories for men, women, and children.
  • Home Goods: Furniture, décor, kitchenware, and appliances.
  • Food and Beverage: Groceries, fresh produce, deli items, and prepared foods.
  • Electronics: Smartphones, laptops, tablets, and televisions.
  • Health and Beauty: Pharmacy, cosmetics, toiletries, and personal care products.

Target is recognized for its affordable prices, wide product selection, and customer-centric marketing strategies, including its popular loyalty program, RedCard. The company also emphasizes sustainability and social responsibility, promoting environmental initiatives and supporting community organizations.

Target Corporation

Target Corporation is an American big box retailer operating in the United States. Headquartered in Minneapolis, Minnesota, it is the eighth-largest retailer in the United States, measured by revenue. Target operates approximately 1,926 stores and has about 340,000 employees. Its primary merchandise categories include apparel, home goods, food, and health and beauty products. Target also offers online shopping through its website and mobile app. The company was founded in 1902 by George Dayton as the Dayton Dry Goods Company. In 1962, the company adopted the name Target Corporation and began expanding its operations nationwide. Target is known for its low prices, exclusive brands, and community involvement programs.

Hair Dryers with Overheat Protection

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