Introduction
Target Corporation is a Fortune 500 company that operates more than 1,800 stores in the United States and Canada. Its products include food, general merchandise, pharmaceuticals, and consumables. Target Corporation was founded by brothers Dayton and Reynolds Rathmann in 1902 as T.J. Wholesale where they started selling goods to local businesses near their Minneapolis warehouse store. It then changed its name to The Dayton Companies in 1968 when it became a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol TRGT. In 2013, Target acquired a 50% stake in Zellers department stores which had been owned by Hudson’s Bay Company since 2006 after filing for bankruptcy protection.[1]
Target Headquarters Information
It is a big company with over $63 billion in annual sales as of 2016. The company serves more than 100 million customers each week through its 3,000+ locations across the United States and Canada.
Company Overview of Target Corporation
The corporation is an American multinational retail corporation that operates more than 1,800 locations in the United States and Canada. The company was founded in 1902 by George Zimmermann, who originally opened his store as a general store for farmers. The first Target store opened on Christmas Eve 1990 at Southdale Center in Edina, Minnesota; it was quickly followed by two more locations: one at West Edmonton Mall in Alberta (1992) and one in Minneapolis (1993).
In 1994, the company went public with an IPO that valued it at $24 per share—the highest market capitalization ever achieved by an American retailer at the time. In 1995, Procter & Gamble acquired 35 percent ownership of Target’s parent company Dayton Hudson Corp., making them one entity under their name!
Company Overview of Target Financial and Retail Services, LLC
Financial and Retail Services, LLC is a company that sells things. It provides services and products to help you save money when shopping at Target stores, as well as online.
It offers a variety of services including credit cards, loans, checking accounts, savings accounts, and other financial products.
Key Executives of Target Corporation
- Mark Tritton, CEO and President
- Brian Cornell, Chairman of the Board of Directors (since January 2016)
- Nancy F. Smith, President and Chief Executive Officer (September 20th, 2018 – Present)
- Jeff Jones, Former CEO (September 1st, 2011 – January 3rd, 2018). He was succeeded by John Mulligan who resigned on February 17th, 2018 after being under investigation for sexual harassment allegations made against him in December 2017.
Key Executives of Target Financial and Retail Services, LLC
Target Financial and Retail Services, LLC is a wholly-owned subsidiary of Target Corp. It provides credit cards and other financial services to Target Corporation customers.
Target Corporation Company Profile
Target Corporation is a chain of department stores and discount chains headquartered in Minneapolis, Minnesota. Target operates in all 50 states; it has over 1,800 locations throughout North America and employs more than 422,000 people. Target’s primary competitors are Wal-Mart Stores Inc., Costco Wholesale Corporation (Costco), TJX Companies Inc., CVS Pharmacy, Rite Aid Corporation (Rite Aid), Supervalu Inc., Meijer Inc., Kroger Co., Walgreens Boots Alliance Inc., Dollar General Corp., Dollar Tree Incorporated (Dollar Tree)
Target Corporation Company History
Target Corporation was founded in 1902 by George Draper Dayton, who was born on May 20th, 1859 in Michigan. The company is currently based out of Minnesota and has over 1.4 million employees worldwide.
Target’s history goes back to when it was originally called Dayton Dry Goods Company but changed its name to Target Corporation around 1962 because it wanted more recognition from customers (and because it sounds better).
Acquisition Plan by Dayton’s
- Dayton’s: A department store that was founded in 1902, Dayton’s has been a part of the Target family since 1990.
- Early History: In 1870, John B. Thomas opened his first dry goods store at the corner of Main and Walnut streets in downtown St Paul Minnesota. He called it “Thomas & Co.” and began selling groceries, but soon added dry goods to his offerings as well. By 1880 he had moved into larger quarters at 424-426 West Third Street where he continued to sell both groceries and dry goods until 1893 when he sold out to partners named Averill & Smith who renamed their new business “The Boston Store” after its location at 1718-1720 Nicollet Avenue (now Central Avenue). It became an upscale department store featuring a wide range of merchandise including apparel for women; men’s clothing; home furnishings such as draperies and furniture; linens like sheets, towels, etc.; grocery items like canned foods, etc., jewelry such as watches clocks radios speakers tv sets clothing accessories, etc..
Acquisitions in the Early 1960s
The company’s first major acquisition was in 1960 when it acquired a controlling interest in Dayton’s and Hudson’s department stores. This was followed by the purchase of General Mills’ grocery stores, which were later converted to Smith-Corona typewriters. In 1961 they bought the retail operation of Gold Medal Flour Mills Company (GML), based in Glendale Heights Illinois. The company also expanded into other areas such as banking and insurance through its holding company National City Lines Inc., which was formed in 1966 as part of a strategy that included diversification away from purely consumer goods.[5]
Entry into Grocery Business in 1974
It started selling groceries in 1974 and was the first retailer to use barcode scanning. It was also the first retailer with a discounting strategy. In addition, Target has been credited with being one of the first retailers to use loyalty programs, frequent shopper programs, and coupons.
Target’s success can be attributed largely to its ability to attract customers through these innovations as well as its wide selection of products at competitive prices (often lower than competitors).
Going Public in 1967
It was founded in 1902 and has since become one of the most successful retailers in the world. In 1967, it went public for the first time and raised $13.5 million from investors on its way to becoming one of America’s largest retailers by revenue and number of locations—and still going strong today!
Target’s IPO was such a success that it helped establish Minnesota as an emerging tech hub, leading to more companies coming up with IPOs there (although they’re not always as successful).
Expansion in the Southern States in the 1990s
It entered the South in the 1990s when it opened stores in Georgia and Florida. In addition to these states,It also expanded into Alabama and North Carolina. The expansion was a success for Target; as you can see from their recent financial performance reports, they have continued to grow in these regions of the country over time.
It expansion into parts of America that had not previously been served by big-box retailers indicates how much demand there is outside of major metropolitan areas for this kind of retail space—and it shows how successful an approach to “less than traditional” stores can be when done right!
Entry into Canada in 2013
It has entered Canada in 2013. It was a move that was meant to compete with Walmart and the other big box stores, as well as grocery stores like Loblaw and Sobeys.
the first store opened on July 18th, 2013 at the Calgary International Airport (now known as Calgary International Airport – Skyport). This location is now closed due to the construction of an additional terminal building which will open in 2019 or 2020. The second location opened on October 12th, 2014 at Toronto’s Pearson International Airport (now known as Toronto Pearson International Airport – Terminal 3)
Target is a company that sells things
Target is a store that sells things, and it does so through its website. The company is well-known for its strong brand identity, which includes marketing campaigns like “We’re open until 10 p.m.” and “It’s Always On Sale.”
Target also offers financial services such as credit cards and banking products through its subsidiary cash star bank (target bank). The company also sells groceries through an exclusive partnership with Supervalu Inc., which has been operating since 1926.[2]
Conclusion
Target is a company that sells things. It is a retailer of products and services. The company was founded in 1902 by Dayton’s Brothers Department Store. Target has expanded since its inception and now has over 1,800 stores across the United States as well as Canada.
