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Target Corp: Financial Analysis

In: Business and Management

Submitted By octane89
Words 2772
Pages 12
Target Corporation:
A Financial & Competitive Analysis
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By:

O.P.

For
Econ 2304 Prof. Alexander

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Overview

Target has been a publicly traded company since 1963, but has been around since 1902. Target was originally part of the Dayton Hudson Corporation which was founded in Minneapolis, Minnesota. In 2000, because Target had become the largest division of the Dayton Hudson Corporation, it became known as the Target Corporation.

Target is the second largest discount retailer in the United States, behind Wal-Mart. The company is also ranked number thirty on the Fortune 500, and is part of the Standard & Poor’s 500 index. Target operates about 1,750 Target and Super Target stores in 49 states, (with no stores in Vermont), as well as online at Target.com. The company has 355,000 employees. Interestingly Target also owns the land that its stores sit on. Target also offers its own proprietary credit card good only at Target stores. Target was able to cut out a niche for itself by offering more upscale merchandise than competitors such as Wal-Mart or Kmart, and has begun to enter the Canadian Market with the purchase of the Canadian discount chain “Zellers” from the Hudson’s Bay Company worth 1.8 billion. Target’s fiscal year ends in January: its sales exceed 67 million dollars. The company has a one year sales growth of 3.11% with a net income of 2.92 million dollars. Target’s total assets exceed 43 million dollars and its market value is 34 million dollars.

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A Look at the Money…

Target is ranked number 123 in the 2010 Forbes top 2000 companies. Up from 137 last year, Target has been steadily recovering from the market’s drop, starting in August 2008 and ending in March 2009. Targets financial numbers are 67.39 billion in sales, 2.92 billion in profits, and 47.705

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