Target Corporation

Submit a 1750 words paper on the topic Analysis of Target Corporation. The overall report is followed by a conclusion stating what has been mentioned and discussed in the report.Target Corporation, an American retailing company with its headquarters in Minneapolis, Minnesota is among the second-largest discount providing retailers after Wal-Mart in the United States. It was founded in the year 1902 and characterized as the Dayton Dry Goods Company and also one of the first Target stores which have been opened near Roseville, Minnesota in 1962. It operates 1556 stores in 47 states. Target stores, Mervyn’s and Marshall Field’s were the three main retail divisions of Target which was formerly known as Dayton Hudson Corporation. It offered fashion-conscious upscale products at affordable prices thus distinguishing itself from competitors. Hudson’s and Marshall’s were department stores offering sophisticated costly products to the mooned customers while Target and Mervyn’s offering apparel and recreational items to the budget-conscious customers. Target received America’s Corporate Conscience Award in 1989 and contributed over $2 million to the communities where the stores were located (ABOUT, 2012).Target continued to be the biggest moneymaker of Dayton Hudson’s Corporation in the 21st century with a successful business mix of trendy merchandise and easy to navigate quality stores. Fifty expanded Target Great land stores were open in 1990 which was combined by general merchandise mix with the grocery store. The Target Guest Card which is the first store credit card was introduced in 1995 which attracted around nine million accounts by 1998. With the growth of Target and is the largest division of Dayton Hudson Corporation, the company was then renamed in August 2000 as Target Corporation. In 2002 Target generated 84 percent of fiscal revenue from 1225 stores located in 47 states. In 2010 it was ranked at number 33 in Fortune 500 companies. It is also a component of Standard & Poor’s 500 indexes. Target Corporation expanded business in Canada in January 2011. By 2013 it plans to operate 100 to 150 stores in Canada.With the growth of Target and is the largest division of Dayton Hudson Corporation, the company was then renamed in August 2000 as Target Corporation. In 2002 Target generated 84 percent of fiscal revenue from 1225 stores located in 47 states. In 2010 it was ranked at number 33 in Fortune 500 companies.