Preview

Target Research Paper

Better Essays
Open Document
Open Document
1217 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target Research Paper
Target Target Corporation bears the strong imprint of its founder, George Draper Dayton. Target is a company focused exclusively on general merchandise retailing. Their principal operating strategy is to provide exceptional value to consumers through multiple retail formats ranging from upscale discount and moderate-priced to full-service department stores. Target Corporation is the fourth largest retailer in the United States, operating 1,556 stores in 47 states. Target Stores are the number two discount retailer in the country, trailing only Wal-Mart Stores, Inc., and has distinguished itself from its competitors by offering upscale, fashion-conscious products at affordable prices. Target tries to trend products offerings to the market. They describe themselves as "a cheap department store", not just a discount to be. Nearly everyone is at least somewhat familiar with Target stores; the famous bullseye logo is identifiable all across the United States. With the motto "Expect More, Pay Less", the company suggests that customers can expect more of everything, at more reasonable prices. Target 's commitment to the consumer, as well as it 's employment consideration and management style led Fortune Magazine to name it as one of the Most Admired Companies in 2005 The Target Corporation prides itself on their department store roots with a constant obligation to great prices and stylish originality. Targets mission is to, “make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More. Pay Less.® brand promise. The main focus of every Target store is the customer, whom the corporation refers to as a "guest", making them feel more personal. Each guest can expect to walk into a clean, organized, and easy to navigate store with "high quality, stylishly items plus all the essentials for his and her life. The company also has a


Cited: "Target : Company : Company." Target Corporation. Web. 23 Apr. 2010. . "Target Corporation - Knowmore.org." Knowmore.org - Question Your Goods. Vote With Your Wallet. Web. 24 Apr. 2010. . "Target Corporation: Culture, Values and Assumptions." Homework Help from BrainMass. Web. 24 Apr. 2010. . "Target Named One of the "Worlds Most Ethical Companies" / Target Corp." Pressroom Home / Target Corp. Web. 24 Apr. 2010. .

You May Also Find These Documents Helpful

  • Best Essays

    “By 1975, Target had become Dayton-Hudson’s leading revenue producer, and by 1979 Target’s annual sales had reached $1 billion. In 1995 in Omaha, Nebraska, the company opened its first SuperTarget store which included a full-service grocery, a photography studio, a pharmacy and restaurants. To reflect a new focus on its Target stores, Dayton-Hudson changed its name to Target Corporation” (Target Corporation, n.d.).…

    • 3019 Words
    • 13 Pages
    Best Essays
  • Better Essays

    The mission statement for the company is “Our mission is to make Target your preferred destination in all channels by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling out Expect More. Pay less. Brand promise.” (Jurevicius, 2013). The mission statement reveals that Target is a very progressive company who has the desire to move forward at rate that keeps them in the front of their competition. Target has worked vigorously to stay up to date on the newest trends and latest technology to fulfill their brand promise. The vision that has been set forward for Target as a corporation is for the company to have better online operations and more environmentally friendly stores to aid in the fight to keep our planet health. Target reaches their customers on personal level with the way they cultivate inclusion in how they address issues, such as body image, natural products for skin care and cleaning products, environmental issues, and…

    • 1166 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Target Corporation was founded in 1902 by George Dayton in Minneapolis, Minnesota. It was originally called “Dayton Dry Goods Company” and then later became Dayton Company in 1910. By 1962, Dayton Company opened its first discount store in Roseville, Minnesota by the name of “Target”. By 2000, all Dayton Hudson Corporations changed their name to Target Corporation. It opened three operating divisions including Target, Mervyn’s and the Department Store Division. In 2001, Target’s division generated about 80 percent of retail sales and operating income while Mervyn’s generated only 12 percent and the Department Store Division only generated 9% of sales therefore Target merged their e-commerce team and direct merchandising unit into one organization creating Target Corporation opening 74 new stores within the same year. Target’s operating strategy is built on providing great value to their consumers. They distinguish themselves from the competition by differentiating their inventory from other competing retail stores such as Wal-Mart and K-Mart. They are also known as…

    • 1218 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Target Strategic Audit

    • 15483 Words
    • 83 Pages

    The internal analysis indicates that Target has numerous strengths that are of great value, especially its brand and customer service. However, weaknesses are also present, one of which is the website ‘Target.com’.…

    • 15483 Words
    • 83 Pages
    Powerful Essays
  • Good Essays

    Target

    • 40703 Words
    • 163 Pages

    Sales reached a new high of $68.5 billion, we set a new record for earnings per share, and our shopping experience clearly resonated with consumers across the country. All year long, our team executed with spirit, discipline and the thoughtful approach to innovation that comes with a half-century’s perspective. As a result, Target is well positioned to deliver continued profitable growth and meaningful shareholder reward. In 1962, discount retailing as we know it didn’t exist. Then, Target and our bestknown discount-store peers opened for business, responding to growing consumer demand for value and convenience— demands that are still paramount today. When Target opened, we set out not only to meet these demands, but to create a different kind of experience. We believed we could offer our guests…

    • 40703 Words
    • 163 Pages
    Good Essays
  • Better Essays

    SWOT Analysis: Target

    • 1530 Words
    • 7 Pages

    Target’s purpose and mission statement is “We fulfill the needs and fuel the potential of our guests. That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences—consistently fulfilling our Expect More. Pay Less.® brand promise.” Target’s determination to fulfill the needs and fuel the potential of their guests is leading them to their solutions that drive both business and social value. Target is focused on new ways to build onto Target’s legacy of corporate responsibility. Target works along side and together with their team members, guests, suppliers, and communities to create better outcomes on issues that matter. The focus will always be…

    • 1530 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Target Corporation is the second-largest discount store retailer in the United States, behind Walmart. Founded by George Dayton and headquartered in Minneapolis, Minnesota. Later, the first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation after merging with the J.L Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's.…

    • 116 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Target Corporation is one of the most major merchants store in the world. Target is recorded to be the sixth largest retailer within the United States. Founded by, George Dayton in the early 1900’s in Minneapolis, Minnesota. Target Corporation is a leading merchant store that supplies a variety of products, which includes everything from clothing to shoes, health and beauty, and even electronics. It is a corporation that remains on-top, and develops day-out. It is a brand that is well known and continues to raise the bar each year effectively. Target Corporation will need to grow the company approaches built on the quality of the rank, ethnicity, and individuals in each country. The issues that will need to be recognized for Target to understand development would be grand strategy, value disciplines, and generic strategies. This paper will detect the importance of strategic choices within the corporation overall.…

    • 1377 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    a. What is the name of the company, and what is its mission? (1.0 points)…

    • 910 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    Company Profile Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target Corporation operates general merchandise and food discount stores in the United States. It operates as two reportable segments: Retail and Credit Card. The company offers household essentials, including electronics, music, and toys; apparel and accessories; home furnishings as well as seasonal merchandise. It also sells its merchandise under private-label brands, such as Archer Farms, etc. Target Corporation operates in-store amenities, such as Target Caféand Target Clinic as well. Its marketing strategy includes selling its products on its online shopping site Target.com and its network of distribution centers. As of June 2, 2010, it operated 1,740 stores in 49 states and the District of Columbia covering 231,941,000 square feet, and has more than 351,000 employees across the United States. Target Corporation’s main competitors are Wal-Mart Stores Inc. (WMT), and Costco Wholesale Corporation (COST). According to its 10-K annual SEC filing, 88% of shares are held by institutional and mutual fund owners. The five largest shareholders of Target Corporation are Gregg W. Steinhafel, Kathryn A. Tesija, Douglas A. Scovanner, Richard M. Kovacevich and John D. Griffith. Segment Performance Target operates as two reportable segments: Retail and Credit Card segments. According to Target’s 10-K annual SEC filing, Target Corporation’s retail segment contains service of merchandising operations, and associate with online services. Its credit card segment gives qualified clients credit cards, such as Target…

    • 2214 Words
    • 9 Pages
    Best Essays
  • Better Essays

    In 1962 history was made. An employee of Dayton Dry Goods Company named John. F. Geisse thought of the idea of an upscale discount-relating store. The Dayton Company used Geisse’s idea and opened its first store in Minnesota called “Target,” currently owned by Target Corporation. With more than 1,934 stores across the country, Target has grown into a household staple brand. In fact, Target mega-brand is second only to Wal-Mart. It’s amazing how successful Target has become in such a short period of time, but the question on everyone's mind is how? What makes Target so successful? Do they scam their everyday shoppers or are they genuinely that good? Whether it’s the colors or the adorable dog as their mascot Target is doing something…

    • 1251 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Target Corporation

    • 3133 Words
    • 13 Pages

    The Target Corporation, what used to be known as the Dayton Dry Goods Co., is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. In 1962, the first Target store was opened in Roseville, Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The company is ranked 33rd on the 2007 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival with Kmart and Wal-Mart. Target was listed in Internet Retailer's list of the top 500 retail web sites in 2007 also, this not only proves of brick and mortar sucsess but also online retail.…

    • 3133 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Cooperative Bank Case

    • 1444 Words
    • 6 Pages

    The bank was in the process of a strategic overhaul. The management identified the need to be much more focused. The bank had too many products for the customer base it was catering. So the target was to identify the profitable and non-profitable products and customers and devise the appropriate strategic plans to increase its profit levels.…

    • 1444 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Target is about style and fashion. The "cheap chic" label applied by consumers and media over the years perfectly captures the long-standing company positioning: "Expect More. Pay Less." With its numerous designer product lines, Target has been so successful with its brand positioning that for a number of years it has slowly chipped away at Walmart's massive market share.…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Finally, entering Target.com was a fast and speedy process. The first thing noticed is Target 's fresh bold red headline displaying the store 's shopping categories, a category-keyword based search feature, and clearance merchandise, just to name a few. A clean, colorless background holds the site 's updated content with seasonal sales and one-day sales. Target.com…

    • 439 Words
    • 2 Pages
    Good Essays