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Target Corporation Financial Summary

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Target Corporation Financial Summary
Target Corporation, Target, is an exclusive retail discounter that provides on-trend, high quality merchandise at competitive prices in orderly and expansive guest-friendly stores. In addition to the retail stores, Target operates an online business, Target.com (Target.com, 2012). Target Corporation (NYSE:TGT) assists customers at 1,763 stores across the United States and also at Target.com. In 2013 the organization is planning to open their first stores in Canada. In addition to the retail segment, the organization operates a credit card subdivision that offers branded proprietary credit card products (Target.com, 2012). Target Corporation’s fiscal year ends on the Saturday nearest January 31st, unless otherwise stated. “References to years in this report relate to fiscal years, rather than to calendar years. Fiscal 2011 ended January 28, 2012, and consisted of 52 weeks. Fiscal 2010 ended January 29, 2011, and consisted of 52 weeks. Fiscal 2009 ended January 30, 2010, and consisted of 52 weeks. Fiscal 2012 will end on February 2, 2013, and will consist of 53 weeks” (Target Brands Inc, 2012).
According to the 2011 Annual Report, Target Corporation sales have reached a new high of $68.5 billion in 2011 compared to $65.8 billion in 2010. Furthermore, Revenues increased from $67.4 billion to $69.9 billion. See “Consolidated Income Statement” below.
Figure 1
Target Corporation, Consolidated Income Statement USD $ in Millions 12 months ended Jan 28, 2012 Jan 29, 2011 Jan 30, 2010 Jan 31, 2009 Feb 2, 2008 Feb 3, 2007 Sales 68,466 65,786 63,435 62,884 61,471 57,878 Credit card revenues 1,399 1,604 1,922 2,064 1,896 1,612 Revenues
69,865 67,390 65,357 64,948 63,367 59,490 Cost of sales
(47,860) (45,725) (44,062) (44,157) (41,895) (39,399) Credit card expenses
(446) (860) (1,521) (1,609) (837) (707) Gross profit
21,559 20,805 19,774 19,182 20,635 19,384 Selling, general and administrative expenses
(14,106) (13,469)


References: Bibliography Target.com (2012) retrieved from http://investors.target.com/phoenix.zhtml?c=65828&p=irol-IRHome Target Brands, LLC (2012) Target 2011 Annual Report, Minneapolis, MN. Forbes.com LLC, (2012) Target Corporation (NYSE: TGT). Retrieved from http://finapps.forbes.com/finapps/jsp/finance/compinfo/CashFlows.jsp?tkr=TGT&period=qtr Stock Analysis on Net, (2012) Target Corp Short Term Operating Activity, retrieved from http://www.stock-analysis-on.net/NYSE/Company/Target-Corp/Ratios/Short-term-Operating-Activity
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