Target Corp: Financial Analysis
A Financial & Competitive Analysis
Econ 2304 Prof. Alexander
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, …show more content…
Target has continued to show an average of 32% Gross Profit Margin since 2007 with an average revenue of 64 million dollars per year since 2007. In 2009 Target same store retail sales were down (-2.5%) and in 2008 (-2.9%). Target relied on sales of apparel, home furnishings and décor which had taken a downward turn whereas electronics, sporting goods and toys remained flat. With consumers being thriftier, Target borrowed from Wal-Mart and began to devote more space to its food sales,