Target Corporation

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Target Corporation is an American retail company headquartered in Minneapolis, Minnesota, United States. Founded by George Draper Dayton in 1902 as Dayton Dry Goods Company, Target has grown to become one of the largest retailers in the United States, operating over 1,900 stores across the country[1]. Target offers a wide range of products, including clothing, electronics, home goods, and groceries, and is known for its affordable prices, trendy merchandise, and clean store layout.

History

  • Target Corporation traces its roots back to 1902 when George Draper Dayton founded Dayton Dry Goods Company in Minneapolis, Minnesota. The company grew over the years, and in 1962, it opened its first Target store, a discount offshoot of Dayton's department store, in Roseville, Minnesota[2].
  • In 1969, the company merged with J.L. Hudson Company, a Detroit-based department store, to form the Dayton Hudson Corporation. The company continued to expand, and in 2000, it changed its name to Target Corporation to better reflect its primary business[3].
  • Today, Target Corporation is one of the largest retailers in the United States, operating over 1,900 stores across the country and employing more than 350,000 team members[4].

Store Formats

Target Corporation operates several store formats, including:

  • Target: The company's flagship format, Target stores offer a wide range of products, including clothing, electronics, home goods, and groceries. These stores also feature specialty sections, such as Target Optical and Target Clinic[5].
  • SuperTarget: Larger than traditional Target stores, SuperTarget locations include a full-service grocery store and an expanded selection of general merchandise[6].
  • CityTarget and TargetExpress: Smaller-format stores designed for urban markets and college campuses, these locations offer a curated selection of products tailored to the needs of local customers[7].

Private Labels

Target Corporation is known for its private label brands, which offer high-quality products at affordable prices. Some of its popular private labels include:

  • Good & Gather: A food and beverage brand focused on quality and taste[8].
  • Threshold: A home goods brand offering stylish and functional products for every room in the house[9].
  • Cat & Jack: A children's clothing brand that combines style, durability, and affordability[10].
  • Up&Up: A brand offering a wide range of everyday essentials, from cleaning products to personal care items[11].
  • A New Day: A women's clothing brand focused on modern, versatile, and stylish apparel[12].

Corporate Social Responsibility

Target Corporation is committed to corporate social responsibility and has implemented various initiatives in areas such as sustainability, diversity and inclusion, and community engagement. Some of its key initiatives include:

  • Climate and Energy Goals: Target has set ambitious goals to reduce its greenhouse gas emissions and increase its use of renewable energy[13].
  • Diversity and Inclusion: The company is dedicated to promoting diversity and inclusion among its workforce and has implemented various programs to support this commitment[14].
  • Target Foundation: The Target Foundation supports local and national organizations that address social and environmental challenges, with a focus on education, health, and sustainability[15].

Recognition and Awards

Target Corporation has received numerous awards and accolades for its business excellence, corporate responsibility, and customer satisfaction. Some notable recognitions include:

  • Fortune's "World's Most Admired Companies" list[16].
  • Forbes' "America's Best Employers" list[17].
  • Newsweek's "America's Most Responsible Companies" list[18].

See Also

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References

  1. ↑ Target Corporation - About Us
  2. ↑ Target Corporation - Target Through The Years
  3. ↑ Dayton Hudson to Become the Target Corporation - The New York Times
  4. ↑ Target Corporation - About Us
  5. ↑ Target Announces Enhanced Family Care Benefits - Target Corporate
  6. ↑ Target Corporation - Target Through The Years
  7. ↑ Target Confirms 2014 Opening of First TargetExpress Store in Minneapolis - Target Corporate
  8. ↑ Introducing Good & Gather, Target's New Flagship Food Brand - Target Corporate
  9. ↑ Threshold - Target
  10. ↑ Meet Cat & Jack, Target's Newest Kids' Brand - Target Corporate
  11. ↑ Up&Up - Target
  12. ↑ Introducing A New Day, a New Women's Apparel and Accessories Brand - Target Corporate
  13. ↑ Target Corporation - Climate and Energy
  14. ↑ Target Corporation - Diversity & Inclusion
  15. ↑ Target Corporation - Philanthropy
  16. ↑ World's Most Admired Companies 2020 - Fortune
  17. ↑ America's Best Employers 2021 - Forbes
  18. ↑ America's Most Responsible Companies 2021 - Newsweek
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Contributors: Prab R. Tumpati, MD