Target Corporation Facts and History

By Hemaja Burud  Pubslished: 29/01/22

TECHNOZIVE

Everything You Need to Know About Target Corporation

Target Corporation, headquartered in Minneapolis, Minnesota, is an American big box department store chain.

Stewart K. Widdess, , came up with the name "Target" to avoid consumers associating the new discount store chain with the department store. Douglas Dayton was the company's first president.

01.

It is the United States' eighth largest retailer and a component of the S&P 500 Index. In 1962, Target was founded as the discount division of the Minneapolis-based Dayton's Company.

02.

Target Corporation's CEO is Brian Cornell. Cornell began making home visits in January 2016 in order to better understand his customers' needs and desires.

03.

In the 1980s, it began expanding the Target store nationwide, and in the 1990s, it introduced new store formats under the Target brand.

04.

The company has found success in the industry as a low-cost, high-style player. In 2000,  company was renamed Target Corporation, and in 2004, it sold off its last department store chains.

05.

Target.com is the company's e-commerce arm, and it owns and manages the Target.com domain. target.direct was founded in the early 2000s.

06.

Every day, 2 million people visit Target. Over 1,900 stores and 44 distribution centres employ a total of 409,000 people.

07.

California has the most Target locations in the United States, with 309 stores, accounting for 16% of all Target stores in the country.

08.

The largest Target is around 200,000 square feet and is located in Annapolis, Maryland (around 4.5 acres of land).

09.

Target's net worth will be $14.44 billion in 2022 This net worth has grown over the last three years, with comparable figures of $11.83 billion in 2020 and $11.30 billion in 2019.

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