Intending to help all families discover the joy of everyday life, Target started its business in 1962. Surprisingly, this department store develops significantly. Nowadays, Target has become the seventh largest retailer in the United States.
It started as the discount division of Dayton’s department store in Minneapolis. This retailer significantly expanded nationwide in the 1980s. The team introduced a new store format in the 1990s under the Target brand. The team also renamed the parent company into Target Corporation in 2000.
Imagine that in 2019, Target has up to 1.931 stores throughout the United States. It will even become 1.938 stores in 2022. This retail company ranked number 37 on the list of the largest U.S. corporations by total revenue.
People can go to Target to buy a variety of products, including beauty and health, bedding, clothing and accessories, food, electronics, furniture, and jewelry.
Quick Info:
| Founder | George Dayton, Douglas Dayton, John Geisse |
| Founded | May 1, 1962 |
| CEO | Brian Cornell |
| Headquarters | Minneapolis, Minnesota |
| Area Served | United States, Canada |
| Social Media | www.pinterest.com/target www.facebook.com/target www.instagram.com/target www.twitter.com/target www.youtube.com/target www.tiktok.com/target |
| Website | https://www.target.com/ |
Target Slogans
Target has various taglines, including:
- We’re here to help all families discover the joy of everyday life
- A Bullseye View
- Expect More, Pay Less
- What we value most shouldn’t cost more
- Save 5% today, tomorrow, & every day with Target REDcard
Target Logo
Business Segment
Target is a retail company but this company also runs a variety of segments. Target cooperates with other companies to develop different segments, including:
Target’s Pharmacies and Clinic
Target worked with CVS Health on June 15, 2015, to create pharmacies and clinic businesses. In February 2016, this cooperation built up to 1.672 pharmacies across Seattle, Denver, Portland, and Salt Lake City.
Super Target
Super Target was opened in September 1990. It is not an ordinary Target store. Target adds checkout lanes, a pharmacy, photography departments, and a food court.
Small-Format Target
Unlike Super Target and regular Target stores, small-format Target stores are built in only 80.000 square feet.
Target REDcard
It covers Financial and Retail Services. Target launches a credit card known as Target REDcard.
Target Sourcing Services
It organizes merchandise worldwide to help import them to the United States.
Revenue
In 2021, Target earned up to $106 billion in total revenue. It comes from 1.948 stores across the U.S.
The operating income was $6.539 billion in 2021, along with a net income of up to $4.368 billion.
Target has $51.1248 billion in total assets and $14.440 in total equity up to 2021.
