Company Summary
Target Corporation has evolved from just being a pure brick-&-mortar retailer to an omni-channel entity. The company has been making investment in technologies, improving websites and mobile apps and modernizing supply chain to keep pace with the changing retail landscape and better compete with pure e-commerce players. Its acquisition of Shipt to provide same-day delivery of groceries, essentials, home, electronics as well as other products is worth noting.
Founded in 1902, Target provides an array of goods ranging from household essentials and electronics to toys and apparel for men, women and kids. It also houses food and pet supplies, home furnishings and décor, home improvement, automotive products, and seasonal merchandise.
This Minneapolis, MN-based company sells merchandise through periodic exclusive design and creative partnerships, and shop-in-shop experiences, with partners such as Apple, Disney, Levi's and Ulta Beauty, and generate revenue from in-store amenities such as Target Café, Starbucks and Target Optical.
As of Feb 3, 2024, Target operates nearly 1,956 stores. A greater number of general merchandise stores provides an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's stores, which are larger than 170,000 square feet, offer a full line of food items comparable to traditional supermarkets.
Some of the company's Owned Brands includes: A New Day, Cat & Jack, Cloud Island, Made By Design, Opalhouse, Project 62, Ava & Viv, Smith & Hawken, Universal Thread and Wild Fable.
Some of the company's Exclusive Adult Beverage Brands includes: California Roots, Photograph, SunPop, Headliner, Jingle & Mingle, Rosé Bae, Wine Cube and others.
(Note: Zacks identifies fiscal years by the month in which the fiscal year ends, while TGT identifies their fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by TGT, will refer to this same fiscal year as being the year before the same year, as identified by Zacks)