| Target Corporation | |
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| Type | Public (NYSE: TGT) |
| Founded | 1902 (Minneapolis, MN) |
| Headquarters | Minneapolis, Minnesota, USA |
| Key people | Bob Ulrich, chairman Gregg Steinhafel, CEO |
| Industry | Retail |
| Products | Clothing, footwear, bedding, home decor, housewares, furniture, lawn and garden, jewelry, beauty products, electronics, sporting goods, and pet products. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The United States of America —commonly referred to as the Robert J Ulrich (born 1944 is the former Chief executive officer and chairman of the Target Corporation, the sixth-largest retailer in the United States For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need |
| Revenue | ▲$63. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 37 billion USD (2007)[1] |
| Net income | ▲$ 5. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 27 billion USD (2007)[1] |
| Employees | 352,000[2] |
| Website | www.target.com (Online store) www.targetcorp.com (Corporate) |
Target Corporation (NYSE: TGT), originally known as the Dayton Dry Goods Co. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. , is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. The United States of America —commonly referred to as the In 1962, the first Target store was opened in Roseville, Minnesota. Roseville is a city in Ramsey County, Minnesota, just north of Saint Paul and east of Minneapolis. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The United States of America —commonly referred to as the Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores The Home Depot ( is an American Retailer of Home improvement and construction products and services The Kroger Co ( is an American Retail Supermarket chain and Parent company, founded by Bernard Henry Kroger in 1883 in Cincinnati Costco Wholesale Corporation ( is the largest membership Warehouse club chain in the world based on sales volume headquartered in Issaquah Washington, [3] The company is ranked 31st on the 2008 Fortune 500. Please do not add the complete list of fortune 1000 companies Target operates its retailing business exclusively in the United States. It is a rival and competitor of Kmart and Wal-Mart. Kmart (sometimes spelled as " K-Mart " is a chain of department stores in the United States, Puerto Rico, the U
Target was listed in Internet Retailer's list of the top 500 retail web sites in 2007. [4] Formerly traded as Dayton Hudson, Target is a component of the Standard and Poor's 500 index.
Contents |
History
1902-1962: Dayton's
In 1902, George Dayton constructed a six-story building in downtown Minneapolis and convinced R. Minneapolis -based Dayton's was among the nation's leading Department stores for nearly a century S. Goodfellow Company to move its Goodfellows department store into it. The store's owner, Reuben Simon Goodfellow, retired and sold his interest in the store to George Dayton. [5] In 1903, the store changed its name to the Dayton Dry Goods Company, and it changed its name again to the Dayton Company in 1910. In the 1950s, it acquired the Portland, Oregon-based Lipmans department store company and operated it as a separate division. Portland is a city located in the Northwestern United States, near the Confluence of the Willamette and Columbia rivers Lipmans was a Department store chain based in Portland Oregon. [6] In 1956, the Dayton Company opened Southdale, the world's first fully-enclosed two-level shopping center in Edina, Minnesota, a suburb of Minneapolis. Southdale Center, commonly known as just Southdale, is a shopping center in Edina, Minnesota, a suburb of Minneapolis. Edina is a city in Hennepin County, Minnesota, United States, and a first-ring Suburb situated immediately southwest of Minneapolis [7] The Dayton Company also became a retail chain by opening its second Dayton's store in Southdale. Chain stores are Retail outlets that share a Brand and central management and usually have standardized business methods and practices
1962-1971: The founding of Target
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In 1962, the Dayton Company, using a concept developed by John F. Geisse, entered discount merchandising by opening its first Target discount store in Roseville, Minnesota, a suburb north of Saint Paul. John F Geisse (died February 21, 1992 aged 71 was a major Retail pioneer Roseville is a city in Ramsey County, Minnesota, just north of Saint Paul and east of Minneapolis. Saint Paul ( abbreviated St Paul) is the capital and second most populous city in the U The name "Target" originated from Dayton's publicity director, Stewart K. Widdess, and was intended to prevent consumers from associating the new discount store chain with the department store. The new subsidiary, Target Stores, ended its first year with four units, all in Minnesota. Target Stores lost money in its initial years, but in 1965 it reported its first gain with sales reaching $39 million, allowing a fifth store to open in Minneapolis. In 1966, Bruce Dayton launched the B. Dalton Bookseller specialty chain, which became the largest hardcover bookseller in the United States. Barnes & Noble Inc is the largest book retailer in the United States, operating mainly through its Barnes & Noble Booksellers chain of Bookstores [5] The bookseller chain was named after the founder, but with the "y" in Dayton replaced with an "l". Target Stores expanded outside of Minneapolis by opening two stores in Denver, Colorado, and sales exceeded $60 million. The City and County of Denver (pronounced /ˈdɛnvɚ/ is the Capital and the most populous city of Colorado, in the United States In 1967, the Dayton Corporation was established and it went public with its first offering of common stock, and it opened two more Target stores in Minnesota resulting in a total of nine units. [8]
In 1968 Target changed its bullseye logo to the one currently in use, and expanded into St. Louis, Missouri, with two new units. That year, Target Stores experienced a transition phase: Target's president and co-founder, Douglas J. Dayton, went back to the parent Dayton Corporation and was succeeded by William A. Hodder, and senior vice president and cofounder John Geisse left the company. He was later hired by St. Louis-based May Department Stores, where he founded the Venture Stores chain. The May Department Stores Company was a national Department store chain in the United States, founded in 1877 by David May Venture Stores Inc, was a former chain of retail stores that operated in the American Midwest. [8] Target Stores ended the year with 11 units and $130 million in sales. In 1969, it acquired the Lechmere electronics and appliances chain that operated in New England, and expanded Target Stores into Texas and Oklahoma with six new units and its first distribution center in Fridley, Minnesota. Lechmere, litʃmɪər (sometimes described as Lechmere's) was a Retail store chain in New England, which closed in 1997 History See also History of New England New England's earliest inhabitants were Algonquian -speaking Native Americans including the Texas ( is a state geographically located in the South Central United States and is also known as the Lone Star State. Oklahoma ( is a state located in the South Central region of the United States of America. A distribution center for a set of products is a Warehouse or other specialized Building, often with Refrigeration or Air conditioning Fridley is a city in Anoka County, Minnesota, United States. The population was 27449 at the 2000 census. [9] The Dayton Company also merged with the Detroit-based J.L. Hudson company that year, to become the Dayton-Hudson Corporation consisting of Target and five major department store chains: Dayton's, Diamond's of Phoenix, Arizona, Hudson's, John A. Hudson's, or The JL Hudson Company, was a retail Department store chain based in Detroit. Minneapolis -based Dayton's was among the nation's leading Department stores for nearly a century Diamond's was a Department store based in Phoenix Arizona. It opened in 1897 as The Boston Store and was renamed Diamond's in 1947 in honor of the store's 50th Phoenix (ˈfiːˌnɪks O'odham Skikik, Yavapai Wasinka, Western Apache Fiinigis, Navajo Hoozdo, Hudson's, or The JL Hudson Company, was a retail Department store chain based in Detroit. Brown of Oklahoma City, Oklahoma, and Lipmans. Oklahoma City is the capital and largest city of the US state of Oklahoma. Lipmans was a Department store chain based in Portland Oregon. In 1970, Target Stores added seven new units, including two units in Wisconsin, and the 24-unit chain reached $200 million in sales. Wisconsin ( or wɪˈskɑnsɨn (French Ouisconsin) is one of the fifty United States of America, located in the north central part of the United States [8] That year, Dayton-Hudson also acquired the Team Electronics specialty chain that was headed by Stephen L. Pistner. [10]
1971-1982: Turnaround
In 1971, Dayton-Hudson acquired sixteen stores from the Arlan's department store chain in Colorado, Iowa, and Oklahoma. The State of Colorado ( or chiefly by nonresidents) is a state located in the Rocky Mountain region of the United States of America. The State of Iowa ( is a state in the Midwestern region of the United States of America. Oklahoma ( is a state located in the South Central region of the United States of America. That year, two of those units reopened as Target stores, and in 1972 the other fourteen were reopened to make a total of 46 units. This caused the chain to experience another major transition phase: It reported its first decrease in profits since its initial years, as a result of the chain's rapid expansion and the top executives' lack of experience in discount retailing. Its loss in operational revenue was due to overstocking and carrying goods over multiple years regardless of inventory and storage costs. By then, Dayton Hudson considered selling off the Target Stores subsidiary. In 1973, Stephen Pistner, who had already revived Team Electronics and would later revive Montgomery Ward and Ames, was named chief executive officer of Target Stores, and Kenneth A. Montgomery Ward (later known as Wards) is an Online retailer that is somewhat connected to the former American Department store chain founded Ames was a chain of Discount stores based in Rocky Hill Connecticut in the United States. Macke was named Target Stores's senior vice president. The new management saved the chain by marking down merchandise to clean out its overstock and by allowing only one new unit to open that year. In 1975, it opened two stores, reaching 49 units in nine states and $511 million in sales. That year, the Target discount chain became the company's top revenue producer. [8]
In 1976, Target opened four new units and reached $600 million in sales. That year, Kenneth Macke was promoted to president and chief executive officer of Target Stores. In 1977, Target Stores opened seven new units, and Stephen Pistner became president of Dayton Hudson, with Kenneth Macke succeeding him as chairman and chief executive officer of Target Stores. The senior vice president of Dayton Hudson, Bruce G. Allbright, moved to Target Stores and succeeded Kenneth Macke as president. In 1978, the company acquired Mervyns and became the 7th largest retailer in the United States. Mervyns is an American Department store chain based in Hayward California. Target Stores opened eight new stores that year, including its first shopping mall anchor store in Grand Forks, North Dakota. A shopping mall or shopping centre is a building or set of buildings that contain Retail units with interconnecting Walkways enabling visitors Grand Forks is the third-largest city in the US state of North Dakota and the County seat of Grand Forks County. In 1979, it opened 13 new units to a total of 80 Target stores in eleven states and $1. 12 billion in sales. [8][12] In 1980, it sold its Lipmans department store chain of six units to Marshall Field's, which rebranded the stores as Frederick & Nelson. Lipmans was a Department store chain based in Portland Oregon. Marshall Field's ( Marshall Field & Company) was an iconic Chicago Illinois, Department store that grew to become a major chain before being acquired Frederick & Nelson was a historic Seattle Washington, Department store founded in 1890 [6] That year, Target Stores opened seventeen new units, including expansions into Tennessee and Kansas. Tennessee ( is a state located in the Southern United States. Kansas ( is a Midwestern state in the central region of the United States of America, an area often referred to as the American " It also acquired the Ayr-Way discount retail chain of 40 stores and one distribution center from Indianapolis-based L. L S Ayres & Company was an Indianapolis Indiana, Department store founded in 1872 by Lyman S S. Ayres & Company, which it reopened in 1981 as Target stores. That year, Stephen Pistner left the parent company to join Montgomery Ward, and Kenneth Macke succeeded him as president of Dayton Hudson. Montgomery Ward (later known as Wards) is an Online retailer that is somewhat connected to the former American Department store chain founded [13] Floyd Hall succeeded Kenneth Macke as chairman and chief executive officer of Target Stores. Bruce Allbright left the company to work for Woolworth, where he was named chairman and chief executive officer of Woolco. The F W Woolworth Company (often referred to as Woolworth's) was a retail company that was one of the original American five-and-dime stores Woolco was an American-based discount retail chain It was founded in 1962 in the city of Columbus Ohio by the F Bob Ulrich also became president and chief executive officer of Diamond's Department Stores in 1981. Robert J Ulrich (born 1944 is the former Chief executive officer and chairman of the Target Corporation, the sixth-largest retailer in the United States [14] In addition to the Ayr-Way acquisition, Target Stores expanded by opening fourteen new units and a third distribution center in Little Rock, Arkansas, to a total of 151 units and $2. Little Rock is the Capital and the most populous city of the U 05 billion in sales. [8]
1982-2000: West and east coast expansion
Since the launch of Target Stores to this point, it had focused its expansion in the Central United States. Laredo ( "luh-RAID-o" in English in Spanish is the County seat of Webb County, Texas, United States The Central United States is sometimes conceived as between the Eastern United States and Western United States as part of a three-region model roughly coincident In 1982, it expanded into the West Coast of the United States by acquiring 33 FedMart stores in Arizona, California, and Texas and opening a fourth distribution center in Los Angeles. The " West Coast " " Western Seaboard " or " Pacific Seaboard " are terms for the westernmost coastal states of the Western United States FedMart was a chain of discount department stores started by Sol Price, who later founded Price Club. The State of Arizona ( is a state located in the southwestern region of the United States. California ( is a US state on the West Coast of the United States, along the Pacific Ocean. Texas ( is a state geographically located in the South Central United States and is also known as the Lone Star State. Los Angeles (lɑˈsændʒələs los ˈaŋxeles in Spanish) is the largest City in the state of California and the American West [15] That year, Bruce Allbright returned to Target Stores as its vice chairman and chief administrative officer, and the chain expanded to 167 units and $2. 41 billion in sales. The 33 units acquired from FedMart were reopened as Target stores in 1983. Also in 1983, it founded the Plums off-price apparel specialty store chain with four units in the Los Angeles area, with an intended audience of middle-to-upper income women. Specialty stores (British Speciality shops are small stores which specialize in a specific range of merchandise and related items
In 1984, it sold its Plums chain to Ross Stores after only 11 months of operation, and it sold its Diamond's and John A. Ross Stores Inc is a chain of American off-price Department stores It is the nation's third largest off-price retailer (behind T Brown department store chains to Dillard's. This article is about a Department store chain For The Dillards a Progressive bluegrass band see The Dillards. [16][17][18] Meanwhile, Target Stores added nine new units to a total of 215 stores and $3. 55 billion in sales. Floyd Hall left the company and Bruce Allbright succeeded him as chairman and chief executive officer of Target Stores. In May 1984, Bob Ulrich became president of the Dayton Hudson Department Store Division, and in December 1984 became president of Target Stores. [14]
In late 1986, the company acquired 50 Gemco stores from Lucky Stores in California, allowing Target Stores to become the dominant retailer in Southern California as the chain grew to a total of 246 units. Gemco was an American, particularly California chain of discount membership Department stores that was owned by San Leandro -based Lucky Stores (frequently referred to as "Lucky's") is an American Grocery chain founded in Alameda County, California in California ( is a US state on the West Coast of the United States, along the Pacific Ocean. Southern California, or So Cal, is defined as the southern portion of the U It also opened a fifth distribution center in Pueblo, Colorado. The City of Pueblo (ˈpwɛbloʊ is a Home Rule Municipality that is the County seat and the most populous city of Pueblo County Dayton-Hudson sold the B. Dalton Bookseller chain of several hundred units to Barnes & Noble. Barnes & Noble Inc is the largest book retailer in the United States, operating mainly through its Barnes & Noble Booksellers chain of Bookstores [5] In 1987, the acquired Gemco units reopened as Target units, and Target Stores expanded into Michigan and Nevada, including six new units in Detroit, Michigan, to compete directly against Detroit-based Kmart, leading to a total of 317 units in 24 states and $5. Michigan ( is a Midwestern state of the United States of America. Nevada ( is a state located in the western region of the United States of America. Kmart (sometimes spelled as " K-Mart " is a chain of department stores in the United States, Puerto Rico, the U 3 billion in sales. Bruce Allbright became president of Dayton Hudson, and Bob Ulrich succeeded him as chairman and chief executive officer of Target Stores. [14] In 1988, Target Stores expanded into the Northwestern United States by opening eight units in Washington and three in Oregon, to a total of 341 units in 27 states. See also Pacific Northwest The Northwestern United States comprise the northwestern states up to the western Great Plains regions of the United States Washington ( is a state in the Pacific Northwest region of the United States. Oregon ( is a state in the Pacific Northwest region of the United States. It also opened a distribution center in Sacramento, California, and replaced the existing distribution center in Indianapolis, Indiana, from the Ayr-Way acquisition with a new one. [8]
In 1989, it expanded by 60 units, especially in the Southeastern United States where it entered Florida, Georgia, North Carolina, and South Carolina to a total of 399 units in 30 states with $7. The US Southeast is the eastern portion of the Southern United States, but the Census Bureau does not provide a standard definition of a "Southeast" region Florida ( is a state located in the southeastern region of the United States, bordering Alabama to the northwest and Georgia to the The State of Georgia ( is a state in the United States and was one of the original Thirteen Colonies that revolted against British rule North Carolina ( is a state located on the Atlantic Seaboard in the southeastern United States South Carolina ( is a state in the southern region ( Deep South) of the United States of America. 51 billion in sales. [8] This included an acquisition of 31 more stores from Federated Department Stores' Gold Circle and Richway chains in Florida, Georgia, and North Carolina, which were later reopened as Target stores. Macy's Inc ( formerly Federated Department Stores Inc, is a Department store Holding company and owner of Macy's and Bloomingdale's Gold Circle was a Discount department store chain based in Ohio. Richway was the Discount department store division of Atlanta -based Rich's. [15] It also sold its Lechmere chain that year to a group of investors including Berkshire Partners, a leveraged buy-out firm based in Boston, Massachusetts, eight Lechmere executives, and two local shopping mall executives. Lechmere, litʃmɪər (sometimes described as Lechmere's) was a Retail store chain in New England, which closed in 1997 [9]
In 1990, it acquired Marshall Field's from BATUS Inc. and Target Stores opened its first Target Greatland general merchandise superstore in Apple Valley, Minnesota. Marshall Field's ( Marshall Field & Company) was an iconic Chicago Illinois, Department store that grew to become a major chain before being acquired BATUS Inc is a United States former subsidiary of British American Tobacco, now the world's second largest Cigarette manufacturer Apple Valley is a city located in northwestern Dakota County in the U In 1991, Target Stores had opened 43 Target Greatland units, and sales reached $9. 01 billion. In 1992, it created a short-lived chain of apparel specialty stores called Everyday Hero with two stores in Minneapolis. Specialty stores (British Speciality shops are small stores which specialize in a specific range of merchandise and related items [15] They attempted to compete against other apparel specialty stores such as GAP by offering private label apparel such as its Merona brand. The Gap Incorporated ( is an American clothing and accessories retailer based in San Francisco California, and founded in 1969 by Donald Fisher Private label products or services are typically those manufactured or provided by one company for offer under another company's Brand. In 1993, it created a chain of closeout stores called Smarts for liquidating clearance merchandise, such as private label apparel, that did not appeal to typical closeout chains that were only interested in national brands. A closeout or clearance is the final Sale of an item or items to zero Inventory. [19] It operated four Smarts units out of former Target stores in Rancho Cucamonga, California, Des Moines, Iowa, El Paso, Texas, and Indianapolis, Indiana that each closed out merchandise in nearby distribution centers. Rancho Cucamonga is a city in San Bernardino County, California, United States. [20] In 1994, Kenneth Macke left the company, and Bob Ulrich succeeded him as the new chairman of Dayton-Hudson. [10]
In 1995, Target Stores opened its first SuperTarget hypermarket in Omaha, Nebraska. In Commerce, a hypermarket is a superstore which combines a Supermarket and a Department store. It also closed the four Smarts units after only two years of operation. [20] Its store count increased to 670 with $15. 7 billion in sales, and in 1996 to 736 units with $17. 8 billion in sales. [21] In 1997, both of the Everyday Hero stores were closed. [22] Target's store count rose to 796 units, and sales rose to $20. 2 billion. [21] In 1998, it acquired Greenspring Company's multi-catalog direct marketing unit, the Rivertown Trading Company, from Minnesota Communications Group, and it acquired the Associated Merchandising Corporation, an apparel supplier. The Greenspring Company is the for-profit subsidiary of the Non-profit American Public Media Group, and the parent company of the for-profit organization Greenspring American Public Media Group ( APMG)APMG is a tax-exempt nonprofit parent support organization that provides administrative financial and human resources services to its [23][24] Target Stores grew to 851 units and $23. 0 billion in sales. [21] In 1999, it acquired Fedco and its ten stores in a move to expand its SuperTarget operation into Southern California. Fedco (Federal Employees' Distributing Company was a membership-based Department store chain that operated in Southern California from Southern California, or So Cal, is defined as the southern portion of the U It reopened six of these stores under the Target brand and sold the other four locations to Wal-Mart, Home Depot, and the Ontario Police Department, and its store count rose to 912 units in 44 states with sales reaching $26. Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores The Home Depot ( is an American Retailer of Home improvement and construction products and services 0 billion. [25][12][21] On September 7, 1999, it relaunched its Target. Events 1251 BC - A Solar eclipse on this date might mark the birth of legendary Heracles at Thebes Greece. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) com website as an e-commerce site and as part of its discount retail division. Electronic commerce, commonly known as e-commerce' or eCommerce, consists of the buying and selling of products or services over electronic The site initially offered merchandise that differentiated its stores from its competitors, such as its Michael Graves brand. Michael Graves (born July 9, 1934) is an American Architect. Identified as one of The New York Five, Graves has become a household name [26]
2000-Present: Target Corporation
In January 2000, Dayton Hudson Corporation changed its name to Target Corporation and its ticker symbol to TGT; by then, between 75 percent and 80 percent of the corporation's total sales and earnings came from Target Stores while the other four chains—Dayton's, Hudson's, Marshall Field's, and Mervyns—were used to fuel the growth of the discount chain, which expanded to 977 stores in 46 states and sales reached $29. Minneapolis -based Dayton's was among the nation's leading Department stores for nearly a century Hudson's, or The JL Hudson Company, was a retail Department store chain based in Detroit. Marshall Field's ( Marshall Field & Company) was an iconic Chicago Illinois, Department store that grew to become a major chain before being acquired Mervyns is an American Department store chain based in Hayward California. 7 billion by the end of the year. [12] It also separated its e-commerce operations from its retailing division, and combined it with its Rivertown Trading unit into a stand-alone subsidiary called target. direct. [27] In 2001, it announced that its Dayton's and Hudson's stores would operate under the Marshall Field's brand, which was the most recognizable name in the Department Stores Division. Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Target Stores expanded into Maine, reaching 1053 units in 47 states and $33. The State of Maine ( is a state in the New England region of the northeastern United States of America, bordering the Atlantic Ocean 0 billion in sales. [21][28] In 2002, it expanded to 1147 units, which included stores in San Leandro (Bayfair Mall), Fremont, and Hayward, California, and sales reached $37. 4 billion, and in 2003 it reached 1225 units and $42. 0 billion in sales. [12]
On March 10, 2004, Target Corporation announced it had hired Goldman Sachs Group to analyze options for selling its Marshall Field's and Mervyns chains of department stores. Events 241 BC - First Punic War: Battle of the Aegates Islands - The Romans sink the Carthaginian fleet bringing "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " The Goldman Sachs Group Inc, or simply Goldman Sachs ( is a large global Bank holding company that engages in Investment banking securities A department store is a Retail establishment which specializes in selling a wide range of products without a single predominant merchandise line. Three months later, on June 9, 2004, Target Corporation announced its sale of the Marshall Field's chain and several Mervyns stores to St. Louis, Missouri-based May Department Stores, which became effective July 31, 2004. Events 53 - Roman Emperor Nero marries Claudia Octavia 62 - Claudia Octavia commits "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " The May Department Stores Company was a national Department store chain in the United States, founded in 1877 by David May Events 30 BC - Battle of Alexandria: Mark Antony achieves a minor victory over Octavian 's forces but most of his army subsequently "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " On July 21, 2004, it announced the sale of Mervyns to an investment consortium including Sun Capital Partners, Inc., Cerberus Capital Management, L. Events 356 BC - Herostratus sets fire to the Temple of Artemis in Ephesus, one of the Seven Wonders of the World "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Sun Capital Partners Inc is a private investment firm focused on Leveraged buyouts equity, Debt, and other investments in market-leading companies Cerberus Capital Management LP is one of the largest Private equity investment firms in the USA P. , Lubert-Adler/ Klaff and Partners, L. P. , which was finalized September 2. Events 44 BC - Pharaoh Cleopatra VII of Egypt declares her son co-ruler as Ptolemy XV Caesarion. Target Stores expanded to 1308 units and reached $46. 8 billion USD in sales. In 2005, it reached 1397 units and $52. 6 billion in sales, and in 2006 it expanded to 1488 units and sales reached $59. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 4 billion. [12][29]
In May 2005, Target began operation in Bangalore, India, and these operations currently support all Target business units. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Bangalore ( officially Bengaluru ( Kannada: ಬೆಂಗಳೂರು) is the capital of the Indian state of Karnataka. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country [30] In 2006, Target completed construction of the Robert J. Ulrich Center in Embassy Golf Links in Bangalore, and Target plans to continue its expansion into India with the construction of additional office space at the Mysore Corporate Campus. [31]
On January 9, 2008, Bob Ulrich announced his plans to retire as CEO, and named Gregg Steinhafel as his successor. Events 475 - Byzantine Emperor Zeno is forced to flee his capital at Constantinople. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common This is due to Target Corporation policy which requires its high ranking officers to retire at the age of 65. Ulrich's retirement as CEO was effective May 1st, but he will remain the chairman of the board until the end of the 2008 fiscal year.
Subsidiaries
Today, Target Corporation has its headquarters on Nicollet Mall in Minneapolis, near the site of the original Goodfellows store. Nicollet Mall is a portion of Nicollet Avenue running through Downtown Minneapolis, Minnesota, USA. It operates its main retail subsidiary, Target Stores, under the banner of 'Target'. The company owns several other subsidiaries, which include:
- Target Financial Services (TFS): issues Target's credit cards, known as the Target REDcard, consisting of the Target VISA and the Target Card (formerly the Target Guest Card), issued through Target National Bank (formerly Retailers National Bank) for consumers and through Target Bank for businesses. Target Financial Services also oversees GiftCard balances. In October of 2007 Target launched its PIN based debit card, the Target Check Card. The Target Check Card withdraws funds from the customer's existing checking account, and allows for up to $40 "cash back". The check card allows customers to accumulate points towards Target Rewards, as well as designate a school for Target's Take Charge of Education program, and accumulate pharmacy rewards. Unlike the Target Card and the Target Visa, customers do not receive an instant 10% discount for opening the account.
- Target Sourcing Services/The Associated Merchandising Corporation (TSS/AMC): This global sourcing organization locates merchandise from around the world for Target and helps import the merchandise to the United States. Such merchandise include garments, furniture, bedding, and towels. TSS/AMC has 27 full-service offices, 48 quality-control offices, and seven commissionaires located throughout the world. TSS/AMC employs 1,200 people. Its engineers are responsible for evaluating the factories that do business with Target Corporation for quality, as well as labor rights and transshipment issues. [33] It was acquired by Target Corporation in 1998, and was founded in 1916, previously owned by the clients it served. Year 1916 ( MCMXVI) was a Leap year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Leap year [34] It also acts as a buying office for Saks Incorporated, Bloomingdale's, Stage Stores Inc., TJ Maxx, and Marshalls. Saks Incorporated ( is a Fortune 500 operator of high-end department stores in the United States. Bloomingdale's (or Bloomie's) is a chain of upscale American Department stores owned by Macy's Inc Stage Stores Inc is a department store company specializing mostly in retailing brand name clothing accessories cosmetics and footwear TJ Maxx (sometimes referred to as TJ's or TJ) is a chain of American Department stores owned by TJX Companies Marshalls Inc, is a chain of American Department stores owned by TJX Companies. [24] The Target Sourcing Services division locates merchandise exclusively for Target Stores and Target. com.
- Target Commercial Interiors: provides design services and furniture for office space and originated in the home furniture department at Dayton’s. [35] Currently, Target Commercial Interiors has an unusually high market share of Fortune 500/1000 business customers, and are expanding to attract small to medium sized businesses, as well as home offices. This subsidiary has six showrooms in Illinois, Minnesota, and Wisconsin, including a first-of-its-kind retail concept store and showroom in Bloomington, Minnesota that opened on June 23, 2005. The State of Illinois ( roughly ill-i-NOY is a state of the United States of America, the 21st to be admitted to the Union. Minnesota ( Native Americans demonstrated the name to early settlers Wisconsin ( or wɪˈskɑnsɨn (French Ouisconsin) is one of the fifty United States of America, located in the north central part of the United States Bloomington is the fifth largest city in the US state of Minnesota in Hennepin County, and the third core city of the Minneapolis-St Events 1180 - First Battle of Uji, starting the Genpei War in Japan 1305 - The Flemish Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar.
- Target Brands: owns and oversees the company's private label products, including the grocery brands Archer Farms and Market Pantry, Sutton & Dodge, their premium meat line, and the electronics brand Trutech. Private label products or services are typically those manufactured or provided by one company for offer under another company's Brand. Archer Farms is the Store brand of premium foods offered exclusively by Target Corporation. Target Corporation ( is an American Retailing company that was founded in Minneapolis Minnesota in 1902 In addition, Bullseye Dog is a trademark, and the Bullseye Design and 'Target' are registered trademarks of Target Brands. Bullseye is a Miniature Bull Terrier and trademark of the Target Brands a subsidiary of Target Corporation.
- Target. com: owns and oversees the company's e-commerce initiatives, such as the Target. Electronic commerce, commonly known as e-commerce' or eCommerce, consists of the buying and selling of products or services over electronic com domain. Founded in early 2000 as target. direct, it was formed by separating the company's existing e-commerce operations from its retailing division, and combining it with its Rivertown Trading direct marketing unit into a stand-alone subsidiary. [27] In 2002, target. direct and Amazon.com's subsidiary Amazon Enterprise Solutions created a partnership where Amazon. Amazoncom Inc ( is an American electronic commerce ( E-commerce) company in Seattle Washington. com would provide order fulfillment and guest services for Target. com in exchange for fixed and variable fees. This electronic commerce relationship between target. direct and Amazon Enterprise Solutions will last until August 2010. [36][37] After the company sold Marshall Field's and Mervyns in 2004, target. direct became Target. com. The domain target. com attracted at least 288 million visitors annually by 2008 according to a Compete.com survey. Competecom is a United States Web traffic analysis service that publishes the approximate number of U
Target Stores
Target Corporation's main retailing subsidiary, Target Stores, is a United States discount retail chain consisting of 1,591 stores (as of October 10, 2007). Chain stores are Retail outlets that share a Brand and central management and usually have standardized business methods and practices Events 680 - Battle of Karbala: Shia Imam Husayn bin Ali, the grandson of the Prophet Muhammad, is decapitated Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. [2][12] It has units in all states except for Alaska, Hawaii, and Vermont, operating under the mastheads of Target, Target Greatland, and SuperTarget. Alaska ( Аляска Alyaska) is a state in the United States of America, in the northwest of the North American continent The State of Hawaii ( or həˈwaɪʔiː Hawaiian: Mokuāina o Hawaii) is a state in the United States located on an Archipelago in the Vermont ( is a state in the New England region of the northeastern United States of America. The chain was founded by Douglas J. Dayton and John Geisse, and the first Target store "T-1" opened on May 1, 1962 in Roseville, Minnesota. John F Geisse (died February 21, 1992 aged 71 was a major Retail pioneer Events 305 - Diocletian and Maximian retire from the office of Roman Emperor. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. Roseville is a city in Ramsey County, Minnesota, just north of Saint Paul and east of Minneapolis. [8] That store was closed and demolished on January 8, 2005, to make room for a SuperTarget, which opened on October 9 of the same year. Events 871 - Battle of Ashdown - Ethelred of Wessex defeats a Danish invasion army Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 768 - Carloman I and Charlemagne are crowned Kings of The Franks. [38] Target Corporation has aggressive plans to have 2,000 stores open by the year 2010,[39] including expanding to Alaska and Hawaii. [40][41]
Target's retail operations are limited to the United States. Aside from the leased name and logo, the Australian retail chain of the same name is not related to Target Corporation. Target Australia Pty Ltd is an Australian department store chain owned by Wesfarmers (formerly by Coles Group)
Target
Target is a chain of discount department stores that are about 95,000 to 135,000 square feet (12,000 m²) and carry hardlines ("regular" products and goods), softlines (clothing), and a limited amount of groceries, mostly non-perishable. A discount store is a type of Department store, which sell products at prices lower than those asked by traditional retail outlets Specifically, Target stores carry clothing, shoes, jewelry, health and beauty products, electronics, compact discs, DVDs, bedding, kitchen supplies, sporting goods, toys, pet supplies, automotive supplies, hardware supplies, and food. DVD (also known as " Digital Versatile Disc " or " Digital Video Disc " - see Etymology)is They also carry seasonal merchandise such as patio furniture during the summer and Christmas decorations during November and December. Many stores may also have one-hour photo processing, a portrait studio, an optical store, a pharmacy, and a garden center. Pharmacy (from the Greek φάρμακον 'pharmakon' = drug is the Health profession that links the Health sciences with the chemical sciences Stores opened or re-modeled in 2004 or later also include the expanded snack bar that is featured in Target Greatland locations. These generally include a Starbucks Coffee shop, a Pizza Hut Express, and a Taco Bell Express in addition to Target's Food Avenue. Starbucks Corporation ( is an international Coffee and coffeehouse chain based in Seattle Washington. Taco Bell Corp, a subsidiary of Yum! Brands Inc, is a restaurant chain based in Irvine California specializing in Tex-Mex -inspired It has also been reported that Cold Stone Creamery and Target have signed a deal to test in-store ice cream shops in four stores. Cold Stone Creamery is an American Ice cream parlor chain based in Scottsdale Arizona. [42] In the spring of 2008, Target has begun to use the name "Target Cafe," in place of "Food Avenue," as noted on in-store coupons.
The first few Target stores included leased supermarkets in addition to general merchandise, which during the time was a common practice by discount retailers as they attempted to offer a one-stop shopping experience to customers. Douglas Dayton stated in 1967 that "we believe that the discount-grocery store is a necessary ingredient in what we offer the customer. After all, food sales are about 40% of all department store-type merchandise sales, so the two kinds of stores go hand-in-hand and are what people think of when they think of a discount store. " However, by the end of the decade, Target started moving away from this general merchandise and leased supermarket practice. In 1969, Target opened its first store consisting of only general merchandise. [15]
In the past, the one-hour photo processing labs were not owned by Target, but by Qualex, a subsidiary of Eastman Kodak and were staffed by employees of Qualex, not Target. Qualex Inc is the largest wholesale and on-site Photographic processing company in the world Eastman Kodak Company ( is an American multinational Public company which produces imaging and photographic materials and equipment However, in June 2005, Target spokeswoman Brie Heath announced that Target Corporation will replace the Qualex photo labs with their own labs running Kodak equipment, and will staff them with Target employees. Unlike the previous Qualex labs, all photo processing is done "in house", including next-day, digital, and Kodak Perfect Touch processing, although a few labs have been replaced with "send-out" only service with a self-service Kodak Picture Maker kiosk. Eastman Kodak Company ( is an American multinational Public company which produces imaging and photographic materials and equipment Kodak Picture Maker (also known as Kodak Picture Kiosk) is a line of Self service photo printing Kiosks manufactured by the Eastman Kodak company A select number of "test" stores are running with Fujifilm equipment instead of Kodak. is a Japanese company known for its Photographic film and Cameras Fujifilm is the world’s largest photographic and imaging company. [43] Target has also partnered with Yahoo! Photos for online photo services, including ordering prints online for one-hour store pickup. Yahoo! Photos is a defunct Photo sharing service of Yahoo!, designed specifically for Yahoo! users This ended in September of 2007. Target Photo now partners with Kodak Gallery and Shutterfly. Shutterfly is an Internet -based social expression and personal publishing service
Target Greatland
Target Greatland is a chain of general merchandise superstores that are about 150,000 square feet (14,000 m²). Big-box store is a term that refers to a style of physically large Chain store, and by extension to the company behind the store Like SuperTargets (below), they carry a larger selection of general merchandise than a basic Target store; however, though they carry more groceries than a typical Target store, they do not have a full-line of groceries like meat, bakery, deli, produce and dairy. Target Corporation ( is an American Retailing company that was founded in Minneapolis Minnesota in 1902 In modern English usage meat most often refers to Animal tissue used as food mostly Skeletal muscle and associated Fat, but it may also refer A bakery (also called baker's or bakehouse) is an establishment which produces or/and sells Bread, pies pastries Cakes Biscuits Produce is a generalized term for a group of Farm -produced goods generally limited to Fruits and Vegetables More specifically the term "produce" A dairy is a facility for the extraction and processing of animal Milk &mdashmostly from goats or cows, but also from buffalo, Sheep The first Target Greatland opened in Apple Valley, Minnesota, in 1990, but has since been remodeled and expanded, becoming a SuperTarget. Apple Valley is a city located in northwestern Dakota County in the U Throughout 2005, the company reorganized the sales floor, allowing them to double the grocery space they had before. Prominent features include double entrances on single level stores along with an expanded snack bar. The snack bar may include a Pizza Hut Express, Taco Bell Express, and/or a Starbucks. Taco Bell Corp, a subsidiary of Yum! Brands Inc, is a restaurant chain based in Irvine California specializing in Tex-Mex -inspired Starbucks Corporation ( is an international Coffee and coffeehouse chain based in Seattle Washington. The construction of new Target Greatland stores has been phased out in favor of building SuperTarget prototypes or regular Target prototypes with expanded sales floors. The last Target Greatland opened in 2006 and is located in Staten Island, New York City. Staten Island (ˌstætənˈaɪlənd is a borough of New York City situated primarily on the island of the same name The City of New York
SuperTarget
SuperTarget is a chain of hypermarkets that are about 175,000 square ft. In Commerce, a hypermarket is a superstore which combines a Supermarket and a Department store. (16,000 m²). Like Target Greatland, SuperTarget features double entrances on one story stores; some also have between the double entrances a merchandise loading lane as a prominent feature of the building. The store logo often spells "Super" in green script, but recently, newer locations are signed in red block letters in the Helvetica font that the word "Target" uses in favor of a more streamlined red "Target Brand" look. Helvetica is the name of a widely used Sans-serif Typeface developed in 1957 by Swiss Typeface designer Max Miedinger. [11] SuperTarget stores, unlike Target and Target Greatland, carry all the same essentials, including a full service grocery with a bakery, meat department, fresh produce and a SuperDeli. Most old locations and all new SuperTarget stores will include a Target Optical. Many SuperTarget stores may also feature a Starbucks Coffee shop, a Pizza Hut Express, a Taco Bell Express, (which is currently being phased out in all Target locations) Jamba Juice, a Target Pharmacy, The Studio @ Target (a portrait studio), Target Photo (a one-hour photo processing lab), and a Wells Fargo Bank or U.S. Bank. Starbucks Corporation ( is an international Coffee and coffeehouse chain based in Seattle Washington. Taco Bell Corp, a subsidiary of Yum! Brands Inc, is a restaurant chain based in Irvine California specializing in Tex-Mex -inspired Jamba Juice is a chain of Smoothie restaurants headquartered in Emeryville California with over 700 locations operating in 30 states the District Wells Fargo & Co ( is a diversified Financial services company headquartered in San Francisco California, United States with operations around the US Bancorp ( is a Financial services Holding company, headquartered in Minneapolis, Minnesota. Select few stores in Maryland and the Twin Cities also have a new concept inside called Target Clinic. [1] Target Clinic is similar to Minute Clinic found in drug stores such as Walgreens or CVS/pharmacy. Pharmacy (from the Greek φάρμακον 'pharmakon' = drug is the Health profession that links the Health sciences with the chemical sciences Walgreen Co ( d/b/a Walgreens (without an Apostrophe) is a leading Pharmacy chain, mail service and pharmacy benefit manager CVS/pharmacy (commonly called CVS) is a Pharmacy and Convenience store chain in the United States. Unlike many other hypermarkets in the United States (such as Wal-Mart Supercenters and Meijer), SuperTargets are not open twenty-four hours. The United States of America —commonly referred to as the Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores Meijer ( Dutch, ˈmaɪər is a regional American Hypermarket chain based in Walker Michigan.
In the past, some SuperTargets featured an E*TRADE trading station instead of a Wells Fargo Bank. E*TRADE FINANCIAL Corporation ( is a Financial services company based in New York NY United States However, in June 2003, E*TRADE decided to remove all E*TRADE branches from their SuperTarget locations[44] without advance notice. This sudden move was not initiated by Target Corporation. Mitchell Caplan, E*TRADE's CEO at that time, said that "We were not able to make it into a profitable distribution channel. Mitchell H Caplan is a former CEO of E-Trade Financial Corporation. . . [w]e're better off exiting. " E*TRADE also sent a letter of notification to their customers informing them about this change.
The first SuperTarget opened in Omaha, Nebraska in 1995, and the second SuperTarget opened in Lawrence, Kansas, later that same year. Lawrence is the sixth largest city in the US State of Kansas and the County seat of Douglas County. [45] As of October 10, 2007, Target operated 210 SuperTarget stores in 22 U.S. states, the majority of those are in Texas and Florida, with sizable numbers in Minnesota and Colorado. A US state is any one of the fifty subnational entities of the United States of America that share Sovereignty with the federal government [2][12]
Urban stores
While many Target stores share a fairly common big-box store layout, the company has been known to be flexible with its designs. Big-box store is a term that refers to a style of physically large Chain store, and by extension to the company behind the store Target operates unique stores across the country in urban locations or within a mall where a standard one story building would not be feasible. These stores encompass multiple floors with both sales floor area and off stage areas such as offices or storage rooms spanning a number of these floors. Vertical transportation is provided in the store by escalator, elevator, or Vermaport, a specialized escalator for carts. An escalator is a Conveyor transport device for transporting people consisting of individual linked steps that move up or down on tracks which keep the treads An elevator or lift is a Transport device used to move people or goods vertically from one floor to another The Vermaport Cart Conveying System is the trademarked name of conveyor systems built by Darrott ( Germany) that are designed to transport Shopping carts
Target has used their urban store concept to open multiple story stores in city centers such as in Brooklyn, New York City Glendale, Los Angeles, Pasadena, California, San Diego, Washington, D.C., and Minneapolis within the corporation's headquarters complex. Brooklyn (named after the Dutch town Breukelen) is one of the five boroughs of New York City. Glendale ( is a city in Los Angeles County, California, United States. Los Angeles (lɑˈsændʒələs los ˈaŋxeles in Spanish) is the largest City in the state of California and the American West Pasadena ( is a city in Los Angeles County, California, United States. Washington DC ( formally the District of Columbia and commonly referred to as Washington, the District, or simply D Building stores in these environments carries an elevated cost which is offset by the high potential for business that these stores can bring in. The Target store located on Nicollet Mall in Minneapolis features a three-story glass entrance and a design that sets it apart from suburban Target stores. Nicollet Mall is a portion of Nicollet Avenue running through Downtown Minneapolis, Minnesota, USA. This urban store alone cost Target Corporation 16. 3 million USD. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been [46] This concept has also been used to convert Target stores from former Bullock's, Montgomery Ward, J. W. Robinson's, Robinsons-May and Younkers stores. Bullock's was a Department store based in Los Angeles California. Montgomery Ward (later known as Wards) is an Online retailer that is somewhat connected to the former American Department store chain founded J W Robinson Co was a chain of Department stores operating in the Southern California and Arizona, previously with headquarters in Los Angeles California Robinsons-May was a chain of Department stores operating in Southern California, Arizona and Las Vegas Nevada, previously with headquarters Younkers is an American Department store chain founded as a family-run dry goods business in 1856 in Keokuk Iowa. [47]
Distribution centers
As of October 10, 2007, Target Corporation operated 26 distribution centers across the United States. The United States of America —commonly referred to as the [2] Target opened two new distribution centers in 2006 (Rialto, California and DeKalb, Illinois) to support the growth of its stores. Rialto is a city in San Bernardino County, California, United States. DeKalb is a city in DeKalb County, Illinois, United States. The population was 39018 at the 2000 census. With the exception of vendor supplied items, such as greeting cards and soda, these distribution centers ship items directly to Target stores. Also, unlike Wal*Mart, Target's grocery selection does not come from their own distribution centers, but from the companies that Target has partnered up with. For example, the produce carried in SuperTargets comes from Supervalu distribution centers, except in Colorado, which are serviced through FreshPack Produce Inc. SuperValu Inc ( is a United States Grocery Retailer and distributor , of Denver Colorado. [5]
The retail chain's first distribution center opened in Fridley, Minnesota, in 1969. Fridley is a city in Anoka County, Minnesota, United States. The population was 27449 at the 2000 census. It included a computerized distribution system and was known as the Northern Distribution Center. During this time, the chain consisted of seventeen stores after having expanded into Oklahoma and Texas. Oklahoma ( is a state located in the South Central region of the United States of America. Texas ( is a state geographically located in the South Central United States and is also known as the Lone Star State. [8]
On August 9, 2004, Target announced to their suppliers that they were going to perform a trial on the effects of radio frequency identification on the efficiency of supply chain management in the Dallas/Fort Worth Metroplex. Events 48 BC - Caesar's civil war: Battle of Pharsalus - Julius Caesar decisively defeats Pompey at Pharsalus "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Radio-frequency identification ( RFID) is an automatic identification method relying on storing and remotely retrieving data using devices called RFID tags or Supply chain management (SCM is the process of Planning, implementing and Controlling the operations of the Supply chain as efficiently as possible The Dallas – Fort Worth – Arlington metropolitan area, a title designated by the U This trial involved one Target distribution center and ten nearby Target stores. Here, RFID tags would be placed on the bar codes of pallets and cartons to track the goods from the suppliers to the distribution center, and from the distribution center to the stores. [48]
Differentiation
Target Corporation competes directly against other discount retailers, mainly Wal-Mart and Kmart. Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores Kmart (sometimes spelled as " K-Mart " is a chain of department stores in the United States, Puerto Rico, the U Since its founding in 1962, it has intended to differentiate its stores from its competitors by offering what it believes is more upscale, trend-forward merchandise at low cost, as opposed to the traditional concept of focusing on low-priced goods. Douglas J. Dayton, one of the Dayton brothers, explained John Geisse's concept:
| “ | "We will offer high-quality merchandise at low margins, because we are cutting expenses. We would much rather do this than trumpet dramatic price cuts on cheap merchandise. "[8] | ” |
As a result, Target stores tend to attract younger and more educated and affluent customers than its competitors. Currently, the median Target shopper is 41 years old, which is the youngest of all major discount retailers that Target competes directly against. In Probability theory and Statistics, a median is described as the number separating the higher half of a sample a population or a Probability distribution The median household income of Target's customer base is roughly $63,000 USD. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Roughly 76% of Target customers are female, and more than 45% have children at home. About 80% have attended college and 48% have completed college. [2][12] Ninety-seven percent of American consumers recognize the Target Bullseye logo.
Target refers to itself as a "discount department store" instead of just a discount store. A department store is a Retail establishment which specializes in selling a wide range of products without a single predominant merchandise line. Target stores do not play ambient music, commonly known as elevator music or Muzak. Ambient music is a Musical genre in which sound is more important than notes However, several Target stores feature a Starbucks, and those do play music - but only in the Starbucks centers. It also does not promote items or services through its public address system. A public address or " PA " system is an electronic amplification system with a mixer, Amplifier and Loudspeakers used to Target designs its stores to be more attractive than Wal-Mart, and other large box-department stores by having wider aisles, drop ceilings, a more attractive presentation of merchandise and generally cleaner fixtures. In addition, special attention is given to the design of the store environment: Graphics reinforce Target's advertising imagery and shelves are dressed with contemporary signage, backdrops and liners, often printed on inexpensive material such as paper, corrugated and foam boards. Some stores—particularly those around international airports—have a bullseye painted on the roof that can be seen from above: The Alexandria, Virginia store, near Ronald Reagan Washington National Airport is one such Target unit, as is the Rosemont, Illinois store next to O'Hare International Airport. The bullseye is the center of a target (worth 10 points in Archery or 50 points in Darts) and by extension the name given to any shot that hits the bullseye Alexandria is an Independent city in the Commonwealth of Virginia. Ronald Reagan Washington National Airport is a public Airport located three miles (5 km) south of the Central business district of Washington See also the Rosemont Convention Center Rosemont is a village in Cook County Illinois, that is a suburb of Chicago and is in the midst of a huge metropolitan [49]
Some people jokingly give Target the pseudo-French pronunciation "Tar-zhay" (IPA: /tɑrˈʒeɪ/), as though it were an upscale boutique. French ( français,) is a Romance language spoken around the world by 118 million people as a native language and by about 180 to 260 million people This trend is incorrectly believed to have been started by Oprah Winfrey, when she used the French pronunciation to refer to the store on her television show; it has actually been traced back to 1962, the year the first Target store opened. Oprah Gail Winfrey (born January 29 1954 often referred to simply as Oprah, is an American This pronunciation has also led some people to incorrectly believe that the company is French-owned. [5]
Target calls its customers "Guests", its employees "Team Members", and its Supervisors "Team Leaders". Also, managers are known as "Executive Team Lead (ETL's)" and the Store Manager is known as the "Store Team Lead". It derived this practice in 1989 from The Walt Disney Company. [5]
Target stores do not sell firearms. A firearm is a Tool that projects either single or multiple Projectiles at high velocity through a controlled explosion In the early 1990s, they stopped selling toy guns that looked realistic and limited its toy gun selection to ones that were brightly colored and oddly shaped. They do not sell tobacco products and have not sold cigarettes since 1996. Tobacco is an Agricultural product recognized as an addictive drug processed from the fresh Leaves of plants in the genus Nicotiana. A cigarette ( French "small Cigar " from cigar + -ette) is a product consumed through Smoking and manufactured [50]
Target has many exclusive deals with various designers and name-brands, including Michael Graves, Mossimo Giannulli, Fiorucci, Liz Lange, and Converse among others. Michael Graves (born July 9, 1934) is an American Architect. Identified as one of The New York Five, Graves has become a household name Mossimo is a mid-range American apparel company founded in 1986. Fiorucci is an Italian fashion label founded by Elio Fiorucci in 1967 To further increase their fashion profile, Target also created its fashion-forward Go International line, which hires famous designers to design collections available only for a few months. Go International is a Target Corporation store brand that focuses on affordable apparel and accessories for women Target, after hiring architect Michael Graves to design the scaffolding used to renovate the Washington Monument and contributing $6 million USD to the restoration plan, introduced its first designer line of products in 1999, the Michael Graves Collection of housewares and home decor products. The Washington Monument is a large tall sand-colored Obelisk near the west end of the National Mall in Washington D The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been [51] Wal-Mart and Kmart have followed Target's lead by signing exclusive designers to their stores as well. Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores Kmart (sometimes spelled as " K-Mart " is a chain of department stores in the United States, Puerto Rico, the U Target also partners with well-established national brands to create exclusive collections for its stores. Recently, Sony created a line of electronics under the Sony LIV name geared toward women. is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with The collection included a CD player that resembled a purse and a CD player that was equipped to be mounted under the kitchen counter. Another example of this is Target having an exclusive deal with Food Network for selling DVDs of TV shows featuring popular chefs such as Rachael Ray, Alton Brown, and Paula Deen. Food Network is a cable network that airs specials and recurring (episodic programs about food and cooking Rachael Domenica Ray (born August 25, 1968 in Glens Falls, New York) is a two-time Daytime Emmy nominated television personality Alton Brown (born July 30 1962 in Los Angeles, California, United States) is an American food personality cinematographer author aircraft pilot and Paula Deen (born Paula Ann Hiers on January 19, 1947) is an American Cook, Restaurateur, and Emmy Award -winning television In July 2006, Target started selling two-tone pink edition Apple iPods through a partnership with Colorware. Apple Inc, ( formerly Apple Computer Inc, is an American Multinational corporation with a focus on designing and manufacturing Consumer electronics iPod is a popular brand of Portable media players designed and marketed by Apple Inc Sometimes manufacturers will create red-colored items, exclusively for Target. In 2002, Nintendo produced a red special edition variant of the Game Boy Advance, which featured the Target logo above the screen. is a Multinational corporation headquartered in Kyoto Japan founded on This is a list of case colors and styles that have been produced for the Game Boy line of handheld systems since 1989 The Game Boy Advance (often shortened to GBA) is a 32-bit handheld video game console developed manufactured and marketed by Nintendo. [52]
In 2005, IFC began a partnership with Target to promote a selection of independent films, both in Target stores and on IFC Monday nights at 9PM Eastern. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The Independent Film Channel ( IFC) is a cable network that airs independent film and related programming uncut and uncensored 24 hours a day The Independent Film Channel ( IFC) is a cable network that airs independent film and related programming uncut and uncensored 24 hours a day Originally titled IFC Cinema Red, the promotion was rebranded The Spotlight in 2007. [53]
GiftCards
The Target GiftCard is the retailing division's stored-value card or gift card. A stored-value card represents Money on deposit with the Issuer, and is similar to a Debit card. Scrip is any Substitute for Currency which is not Legal tender and is often a form of credit. Target sells more gift cards than any other retailer in the United States and is one of the top sellers, by dollars and units, in the world. [54] The unique designs of their cards contribute to their higher sales, as well as Target's policy of no expiration dates or service fees. Past and current designs include lenticular, "scratch and sniff" (such as peppermint during the Christmas season), glow in the dark, LED light-up, a gift card on the side of a bubble blower, a gift card that can function as a CD-ROM, and even a giftcard that allows the sender to record a voice message. Lenticular printing is a technology in which a Lenticular lens is used to produce images with an Illusion of depth, or the ability to change or move as the image is A soap bubble is a very thin film of Soap water that forms a Sphere with an iridescent Surface. CD-ROM (an initialism of "Compact Disc Read-Only Memory " is a pre-pressed Compact Disc that contains data accessible to but not writable A current environmentally friendly giftcard is made from bioplastic manufactured from corn. For information on plastics which are biodegradable see Biodegradable plastic. [55] Target rolled out a new MP3 Player giftcard for the 2006 holiday season. It holds 12 songs and must be purchased with an initial value of at least $50.
Many of these design ideas are not used by any other retailer in the United States. It is noted that some of these unique design ideas are patented, and these patents are assigned to the Target Brands subsidiary. A patent is a set of Exclusive rights granted by a State to an inventor or his assignee for a fixed period of time in exchange for a disclosure of an For example, some such Target GiftCard designs feature a wooden front side. On May 24, 2005, the United States Patent and Trademark Office granted US patent D505,450 for the "ornamental design for a credit or stored value card with wood layer" to inventors Amy L. Events 1218 - The Fifth Crusade leaves Acre for Egypt. 1276 - Magnus Ladulås is crowned Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The United States Patent and Trademark Office ( PTO or USPTO) is an agency in the United States Department of Commerce that issues Patents to Lauer and John D. Mayhew. [56] US patent 7004398, for the "stored-value card assembly including a stored-value card, an edible product, and a wrapper", was granted to Michael R. Francis and Barry C. Brooks on February 28, 2006. Events 202 BC - coronation ceremony of Liu Bang as Emperor Gaozu of Han takes place initiating four centuries of the Han Dynasty 's rule Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. [57] Both of these patents have been assigned to Target Brands, Inc.
Target GiftCards are also Collectors Items. Some of the first issued gift cards have a value of over $300. 00 just for the card - even though the card doesn't have any money on it. Every year Target introduces new Holiday GiftCards. In 2007 Target's Holiday GiftCards featured a wind-up flashlight; a musical gift card; a gift card that lights up; and a scented gift card.
ClearRx
In 2005, Target introduced a major revision of prescription bottles, which it calls the ClearRx system. ClearRx is a Trademark for a design for Prescription drug packaging designed by design student Deborah Adler as a thesis project and adopted by Target A prescription drug is a licensed medicine that is regulated by legislation to require a prescription before it can be obtained ClearRx is a Trademark for a design for Prescription drug packaging designed by design student Deborah Adler as a thesis project and adopted by Target The redesigned bottles are color coded, flattened-out and turned upside down providing more room for the label. This system was based on the patent[58] by student Deborah Adler and was named one of Time Magazine's Most Amazing Inventions of 2005. Time (trademarked in capitals as TIME) is a weekly American Newsmagazine, similar to Newsweek and [59]
Philanthropy
Target Corporation is consistently ranked as one of the most philanthropic companies in the country. Philanthropy is the act of donating money goods services time and/or effort to support a socially beneficial cause with a defined objective and with no financial or material It ranked #11 in Fortune Magazine's "Top 20 Most Admired Companies" for 2007, largely in part to the donation efforts of the company as a whole. [60] According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Forbes is an American Publishing and media company Its flagship publication Forbes magazine is published bi-weekly 1%). [61] Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program. The United States of America —commonly referred to as the Target's corporate by-laws state it must give 5 percent of its pre-tax profits to charity. [62]
Further evidence of Target's philanthropy can be found in the Target House complex in Memphis, Tennessee, a long-term housing solution for families of patients at the city's St. Jude Children's Research Hospital. Memphis is a City in the southwest corner of Tennessee, and the County seat of Shelby County. St Jude Children's Research Hospital, founded in 1962 is a leading pediatric treatment and research facility focused on children's catastrophic diseases The corporation led the way with more than $27 million in donations, which made available 96 fully furnished apartments for families needing to stay at St. Jude over 90 days.
Target has a standard no-solicitation rule at its properties, as it seeks to provide a "distraction-free shopping experience for its guests. " Exemptions to this policy were previously made for the Salvation Army red kettles and bell-ringers outside Target stores during the holidays through Christmas. The Salvation Army is a Christian charity and church that is internally organised like a military service. In 2004, however, Target asked the organization to explore alternate methods to partner with Target. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Target donates to local Salvation Army chapters through its grant program and annually to the United Way of America (the Salvation Army is a member of the United Way coalition). United Way of America, based in Alexandria Virginia, is a Non-profit organization that works with nearly 1300 local United Way offices throughout the country in
In 2005, Target and the Salvation Army[63] created a joint effort called "The Target/Salvation Army Wish List," where online shoppers could donate goods to the organization for Hurricane victims by buying them directly from Target. com between November 25, 2005, and January 25, 2006. Events 1034 - Máel Coluim mac Cináeda, King of Scots dies Donnchad, the Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 41 - After a night of negotiation Claudius is accepted as Roman Emperor by the Senate Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. In 2006, they created another joint effort called "The Target/Salvation Army Angel Giving Tree,"[64] which is an online version of the Salvation Army's Angel Tree program;[65] in addition to donating proceeds made from the sales of limited edition Harvey Lewis angel ornaments within Target's stores. During the Thanksgiving holiday of 2006, Target and the Salvation Army partnered with magician David Blaine to send several families on a shopping spree the morning of Black Friday. David Blaine White, known simply as David Blaine (born April 4 1973 is an American Guinness Book of Records World record -holder Black Friday is the Friday after Thanksgiving in the United States, where it is the beginning of the traditional Christmas shopping season The challenge held that if Blaine could successfully work his way out of a spinning gyroscope by the morning of Black Friday, then several families would receive $500 shopping certificates. The challenge was completed successfully by Blaine. [66]
During disasters, Target has been a major benefactor for relief efforts. Target provided monetary and product donations during the September 11th terrorist attacks on the U.S.; it also donated money for relief efforts for the 2004 tsunami in South Asia. The United States of America —commonly referred to as the The 2004 Indian Ocean earthquake was an undersea Earthquake that occurred at 005853 UTC on December 26 2004 with an Epicentre off the west coast of Most recently, Target donated $1. 5 million (U.S.) to the American Red Cross in the aftermath of Hurricane Katrina in 2005. The United States of America —commonly referred to as the The American Red Cross (also known as the American National Red Cross) is a humanitarian organization that provides emergency assistance disaster relief and education inside Hurricane Katrina of the 2005 Atlantic hurricane season was the costliest hurricane, as well as one of the five deadliest in the history of the United States It also allowed its store properties in the affected area to be used as command centers for relief organizations. It also donated supplies such as water and bug spray. Besides these major disasters, Target also regularly lends support to disasters that are not as well known or only affect a regional area.
Environmental Record
Target Corporation agreed to reduce their sales on all materials containing Vinyl Plastic also known as PVC that contains polyvinyl chloride. [67] Testers found toxic lead and phthalates and large amounts of PVC in toys, lunchboxes, baby bibs, jewelry, garden hoses, mini blinds, Christmas trees, and electronics. [67] Several studies have shown that chemicals in vinyl chloride can cause serious health problems for children and adults. [67] The University of Illinois Medical Center in Chicago states that people who use products containing PVC can become exposed with harmful toxic phthalates and lead, which eventually can become a big contributor with dioxins. [67] Lois Gibbs an executive director of the Center for Health, Environment and Justice says that “Target is doing the right thing by moving away from PVC and switching to safer alternatives. ”[67] Target is not the only company that is reducing PVC products on their shelves, other companies including Wal-Mart, Microsoft, Johnson & Johnson, Nike, and Apple. [67]Target stores have been taking environmental measures by reusing materials within their stores and recycling certain products like broken hangers, cardboard, rechargeable batteries, etc. [68]Target along with other retailers are beginning to reduce energy use with energy efficient storefronts and reduce waste with recycling programs. [69]
Target released a 13-page report in 2007 that outlined their current and future plans for becoming more earth-friendly according to LEED. The Leadership in Energy and Environmental Design ( LEED) Green Building Rating System developed by the U Such efforts include installing sand filtration systems for the store's wastewater. Recycling programs will be aimed at garment hangers, corrugated cardboard, electronics, shopping carts, shrink wrap, construction wastes, carpeting and ceiling tiles and roofing materials. All stores in Oklahoma will be partnered with Oklahoma Gas & Electric to exclusively use wind power for all Target stores in order to reduce Carbon emissions. Oklahoma ( is a state located in the South Central region of the United States of America. Oklahoma Gas & Electric (OG&E is a regulated electric utility company that serves over 750000 customers in Oklahoma and western Arkansas. Greenhouse gases are gaseous constituents of the atmosphere bothnatural and anthropogenic that absorb and emit radiation at specific wavelengths within the spectrum of thermal infrared Stores nationwide use only LED and fluorescent lights and low-flow restrooms that reduce waste water by 30%. A fluorescent lamp or fluorescent tube is a Gas-discharge lamp that uses Electricity to excite mercury Vapor. Some Target stores are installing roof gardens or green roofs, which absorb storm water and cut down on surface runoff, mitigate temperature fluctuations and provide habitats for birds. A green roof is a Roof of a Building that is partially or completely covered with vegetation and soil or a growing medium planted over a waterproofing membrane Surface runoff is a term used to describe when soil is infiltrated to full capacity and excess Water, from Rain, Snowmelt, or other sources flows There are currently four green roof Target stores in Chicago, IL. Chicago (ʃɪˈkɑːgoʊ is the largest City by population in the state of Illinois and the American Midwest of the United States.
Target also carries over 700 organic and alternative products from brands such as Archer Farms, Burt's Bees and Method Products. Archer Farms is the Store brand of premium foods offered exclusively by Target Corporation. Burt's Bees is an American Personal care products company that describes itself as an " Earth friendly, Natural Personal Care Company Method Products (branded as method) is a San Francisco -based corporation which produces non-toxic Biodegradable cleaning supplies with a focus on They also sell clothes made from organic cotton, non-toxic cleaners, low-energy lighting and electronics, non-toxic and non-animal tested cosmetics and furniture made from recycled materials. As of June, 2007, Target has been offering reusable shopping bags as an alternative to disposable plastic bags. Even the Target gift card is made from corn-based resins. All of the stores' packaging is done with a modified paperboard/clamshell option and has goals for phasing out plastic wrap completely [70].
In collaboration with MBH Architects, Target's first "green" building was a 100,000+ square foot Target store, built in 1995 in Fullerton, CA. MBH Architects is an award-winning architectural and Interior design firm founded in October of 1989 by architects John McNulty and Dennis Heath. Fullerton is a City located in northern Orange County, California, United States. It was a part of the EPA Energy Star Showcase for its use of skylights that cut the original energy consumption by 24% with a 5 year payback [71]. Target and MBH Architects were awarded the "Green Lights Partner/Ally of the Year Award" [72].
Target Forensic Services
In 2006, The Washington Post revealed that Target is operating two sophisticated criminal forensics laboratories, one at their headquarters, the other in Las Vegas, NV. The Washington Post is the largest and most circulated Newspaper in Washington D [73] Originally, the lab was created as an internal need for the company to investigate instances of theft and fraud and other criminal actions that have occurred on its own properties. Eventually, the company began offering pro bono services to law enforcement agencies across the country. Pro bono publico (usually shortened to pro bono) is a Phrase derived from Latin meaning "for the public good Target's Forensic Services has assisted agencies at all levels of government, including Federal agencies such as the United States Secret Service, Bureau of Alcohol, Tobacco and Firearms and the Federal Bureau of Investigation. The Bureau of Alcohol Tobacco Firearms and Explosives (abbreviated ATF) is a specialized federal law enforcement and regulatory organization within the United The labs have become such a popular resource for law enforcement that Target has had to restrict the cases it assists in to only violent felonies. In Common law legal systems a felony is a serious Crime, often contrasted with a Misdemeanor. [74][75]
Criticism
Practices that cause some concern include lack of a living wage certification, lack of labor unions, and Target's contribution to urban sprawl. Living wage is a term used to describe the minimum hourly wage necessary for a person to achieve some specific standard of living A trade union or labour union is an organization of workers who have banded together to achieve common goals in key areas such as wages hours and working conditions forming Urban sprawl, also known as suburban sprawl, is the spreading of a city and its Suburbs over rural land at the fringe of an urban area [76] Liza Featherstone, contributing editor to the "The Nation" magazine and author of Selling Women Short: The Landmark Battle for Workers' Rights at Wal-Mart, stated the following in an interview.
| “ | "Aesthetically, we all like Target better, but their wages are in many places low or just as low, and they all represent the Wal-Martization of our economy, which is the exchange of low prices for poor work conditions. Walmarting is a Neologism with three meanings A reference to Wal-Mart. "[77] | ” |
|
—Liza Featherstone, The Trouble with Wal-Mart: An interview with Liza Featherstone |
||
In addition to Target's lack of labor unions, several employees have stated that during new employee training sessions, videos and lectures were given with strong anti-union messages. Liza Featherstone (born April 21, 1969) is an American Journalist who writes frequently on labor and student activism for The Nation A trade union or labour union is an organization of workers who have banded together to achieve common goals in key areas such as wages hours and working conditions forming Often managers have threatened employees with losing their job if they are caught trying to organize a union, similar in fashion to Wal-Mart's practices. Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores [78]
In 2002, the company was alerted to sporting caps and shorts having the number "88" embroidered on them. This number has been used by known white supremacist groups as slang for "Heil Hitler. White supremacy is a racist ideology based on the assertion that White people are superior to other racial groups. The Hitler salute (Hitlergruß also known in Germany during World War II as the Deutscher Gruß (literally German Greeting) or in English as the " A customer informed the company of the offensive merchandise. Target did not pull the merchandise or issue public apology until the Southern Poverty Law Center echoed its concern and the media began reporting on the issue. The Southern Poverty Law Center ( SPLC) is an American Non-profit legal organization internationally known for its tolerance education programs its legal [79]
In 2004, the company's decision to bar the Salvation Army from soliciting donations at its stores generated much negative publicity (see Philanthropy section above). In addition, Target still refuses to let Toys for Tots collect toys on their properties. Toys for Tots is a program run by the United States Marine Corps Reserve which donates Toys to children whose parents cannot afford to buy them gifts for
In 2005, Planned Parenthood protested Target policy involving a conscience clause that allows pharmacists to refuse to dispense the emergency contraceptive, Plan B Levonorgestrel, based on religious beliefs as long as the employee ensures that the prescription is filled by another pharmacist in a timely manner. Planned Parenthood is the collective name of organizations worldwide who are members of the International Planned Parenthood Federation (IPPF Conscience clauses are Clauses in laws in some parts of the United States which permit Pharmacists Physicians and other providers of Levonorgestrel (or' l - Norgestrel or D - Norgestrel) is a synthetic progestogen used as Defenders of Target applaud the company for upholding the employee's freedom of conscience, while critics feel this policy fails to uphold the pharmacist's duty of care. Freedom of thought (also called freedom of conscience and freedom of ideas) is the freedom of an individual to hold or consider a fact viewpoint In tort law, a duty of care is a legal obligation imposed on an individual requiring that they adhere to a reasonable Standard of care while performing any acts [80]
In November 2005, the American Family Association criticized Target and other retailers for not using the word "Christmas" in its holiday advertising. The American Family Association (AFA is a 501(c(3 Non-profit organization that promotes conservative Christian values Christmas controversy refers to controversy or disagreement surrounding the celebration or acknowledgement of the Christmas Holiday in government media advertising Target responded by introducing words like "Christmas" and "Hannukah" on its website and in-store signage, and by showing holiday ads that included the phrase "Merry Christmas". Hanukkah (חנוכה alt Chanukah) also known as the Festival of Lights, is an eight-day Jewish holiday commemorating the rededication of the Holiday greetings are a selection of Greetings that are often spoken with good intentions to strangers family friends or other people during the months of December and [81][82]
In July 2007, Target Corporation was fined $120,000 by the United States Environmental Protection Agency for selling outlawed, aerosol confetti string. The EPA said that the fine stemmed from Minneapolis-based Target's sale of Horrible Spooky String, a children's sprayable confetti product that violates the Clean Air Act because it contains banned hydrochlorofluorocarbons (HCFC). The haloalkanes (also known as halogenoalkanes or alkyl halides) are a group of Chemical compounds consisting of Alkanes such as Methane Such chemicals deplete the ozone layer and their sale or distribution in "non-essential" products has been prohibited in the United States. [83]
Diversity
Target defines diversity as individuality. The company state this individuality may include a wide spectrum of attributes such as personal style, age, race, gender, ethnicity, sexual orientation, language, physical ability,religion, family, citizenship status, socio-economic circumstances, education and life experiences. Gender comprises a range of differences between men and women extending from the biological to the social Sexual orientation is believed to refer to "an enduring pattern of emotional romantic and/or sexual attractions to men women or both sexes A language is a dynamic set of visual auditory or tactile Symbols of Communication and the elements used to manipulate them A religion is a set of Tenets and practices often centered upon specific Supernatural and moral claims about Reality, the Cosmos Family denotes a group of People affiliated by consanguinity affinity or co-residence Education encompasses both the Teaching and Learning of Knowledge, proper conduct, and technical competency [84]
The Target employee diversity program is called "The Strength of Many. The Power of One. "[85] It specifically seeks to work with vendors and contractors that are owned by minorities or women. [86]
It has long extended domestic-partner benefits to straight, gay, and lesbian employees. It has received an 86 on the Human Rights Campaign Corporate Equality Index Score. [87] In addition, Target Corporation was named one of the "100 Best Companies for Working Mothers" in 2004 by Working Mother.
Despite Target's stated commitment to diversity, the National Association for the Advancement of Colored People has repeatedly given Target failing grades on its annual Economic Reciprocity Initiative report card, a measure of the company's "commitment to the African-American citizenry". The National Association for the Advancement of Colored People, usually abbreviated as NAACP, is one of the oldest and most influential Civil rights organizations In 2003 and 2005, the NAACP has rated Target an "F" on this report; in 2004, Target was rated a "D-". [88][89][90] In 2006, when Target was asked why it didn't participate in the survey again,[91] a representative explained, "Target views diversity as being inclusive of all people from all different backgrounds, not just one group. "[92]
Major sponsorships
Target owns the naming rights to the Target Center in Minneapolis. The Target Center is an arena in downtown Minneapolis Minnesota, sponsored by Target Corporation that is home to the National Basketball Association It also sponsors the NASCAR and IndyCar racing teams of Chip Ganassi Racing. The National Association for Stock Car Auto Racing ( NASCAR) is the largest sanctioning body of Stock cars in the United States. The Indy Racing League, better known as IRL, is the sanctioning body of a predominantly American based Open-wheel racing series. Chip Ganassi Racing with Felix Sabates is an automotive racing organization with teams competing in NASCAR, IRL, and Grand-Am racing In the 2005 NASCAR season, the #41 Chip Ganassi Target car was driven by Casey Mears; for the 2006 season, rookie Reed Sorenson took over the #41 when Mears moved to a different Chip Ganassi car on the same team. Floyd "Chip" Ganassi (born May 24, 1958 in Pittsburgh, Pennsylvania and educated at local Duquesne University) is a former Casey James Mears (born March 12 1978 in Bakersfield California) is the driver of the #5 Kellogg's / CARQUEST Chevrolet Impala SS in the Bradley Reed Sorenson (born February 5, 1986, in Peachtree City Georgia) is a NASCAR driver who currently drives the #41 Target
Target Corporation is also a major sponsor of the annual Minneapolis Aquatennial, where it hosts the Target Fireworks Show. The Minneapolis Aquatennial is an annual event held in the US It is the largest annual fireworks show west of the Mississippi River, and the fourth largest annual fireworks show in the United States. The Mississippi River is the second longest River in the United States, with a length of from its source in Lake Itasca in Minnesota to The United States of America —commonly referred to as the [93]
Target also sponsors the Museum of Modern Art in Manhattan, New York. The Museum of Modern Art (MoMA is an art museum located in Midtown Manhattan in New York City, USA, on 53rd Street between Fifth Manhattan Island, in New York Harbor, is much the largest part of the Borough of Manhattan, one of the Five Boroughs which form the City of New York It hosts Target Free Friday Nights, providing to all visitors free admission to the museum during Fridays after 4 p. m. A similar Target-sponsored program at the Los Angeles County Museum of Art called "Free after Five" provides free admission in the evening throughout the week. The Los Angeles County Museum of Art, also known as LACMA, is an Art museum in Los Angeles County California. Tuesdays are free at the Museum of Contemporary Art in Chicago, Illinois, courtesy of Target. Chicago (ʃɪˈkɑːgoʊ is the largest City by population in the state of Illinois and the American Midwest of the United States. The State of Illinois ( roughly ill-i-NOY is a state of the United States of America, the 21st to be admitted to the Union. In its hometown of Minneapolis, Target sponsors the Target Free Thursday Nights at the Walker Art Center, where admission is free after 4 p. This page is about the Walker Art Center in Minneapolis, Minnesota. m. as well as in its sister-city Saint Paul hosting "Target Third Free Sundays" at the Minnesota Children's Museum. In Boston, Massachusetts, Target sponsors $1 Friday Nights at the Boston Children's Museum from 5:00 - 9:00. The Commonwealth of Massachusetts ( is a state located in the New England region of the northeastern United States. Boston Children's Museum is a Children's museum in Boston, Massachusetts, dedicated to the education of children
Target is the founding sponsor of the Weekend America radio program, and the Oprah Winfrey Show on TV. Weekend America is a weekly Public radio program dealing with news popular culture the arts and more
Target often supports major awards shows such as the Oscars, Emmys, Grammys, and the Golden Globes. "The Oscar" redirects here for the film see The Oscar (film. The Grammy Awards (originally called the Gramophone Awards)—or Grammys —are presented annually by the National Academy of Recording Arts and Sciences The Golden Globe Awards are American awards for motion pictures and Television programs given out each year during a formal dinner
See also
- Bullseye (Bull Terrier)
- Career Opportunities (film)
- National Federation of the Blind v. Target Corporation
- Target (Australia)
Notes and references
- ^ a b Target Corporation Fourth Quarter Earnings Per Share $1.23, Target Corporation, February 26, 2008. Bullseye is a Miniature Bull Terrier and trademark of the Target Brands a subsidiary of Target Corporation. Career Opportunities is an American romantic comedy film that was released in 1991. National Federation of the Blind v Target Corporation is a current Class action lawsuit in the United States that was filed in February 7, 2006 Target Australia Pty Ltd is an Australian department store chain owned by Wesfarmers (formerly by Coles Group)
- ^ a b c d e Corporate Fact Card (PDF), Target Corporation, October 10, 2007.
- ^ Top 100 Retailers: The Nation's Retail Power Players (PDF), Stores, July 2007.
- ^ Internet Retailer Top 500 Retail Web Sites. Internet Retailer, 2007 edition.
- ^ a b c d e f Rowley, Laura (2003) On Target: How the World's Hottest Retailer Hit a Bull's-eye John Wiley & Sons; Hoboken, New Jersey. ISBN 0-471-25067-8.
- ^ a b Lipman Wolfe and Co., June 24, 2006.
- ^ Dayton's and Southdale Stores, Rudder & Finn, October 7, 1956.
- ^ a b c d e f g h i j k From Roseville to Greatland, Target still hits the mark, Discount Store News, September 17, 1990.
- ^ a b Lechmere, Inc. company history, FundingUniverse. com.
- ^ a b Ulrich moving up at DH: speculation mounts about naming a successor - Robert Ulrich becomes chairman of Dayton Hudson Corp, Discount Store News, Richard Halverson, May 2, 1994.
- ^ a b The Helvetica Hegemony, Slate, Mia Fineman, May 25, 2007.
- ^ a b c d e f g h Fast Facts, Target Corporation, September 18, 2006.
- ^ Calling It Quits, Time, John S. Demott, May 20, 1985.
- ^ a b c Leadership paves the way to company strength, DSN Retailing Today, April 10, 2006.
- ^ a b c d 1962-1992 Dayton's dream is on Target, Discount Store News, April 20, 1992.
- ^ Plums fall doesn't cause too many shock waves, Discount Store News, Sidney Rutberg, February, 1984.
- ^ Dayton Hudson, sour on Plums, sells its 11-month-old off-pricer, Discount Store News, March 19, 1984.
- ^ Dayton-Hudson In Dillard Deal, The New York Times, August 10, 1984.
- ^ Target sets test of new Smarts closeout store, Discount Store News, Richard Halverson, May 3, 1993
- ^ a b Target Stores to Close Experiemental [sic] Clearance Outlets, The Indianapolis Star, July 27, 1995.
- ^ a b c d e Target Corporation 2000 Annual Report, Target Corporation.
- ^ Target closes Everyday Hero in Mall of America, Minneapolis/St. Paul Business Journal, September 11, 1997.
- ^ MPR parent sells Rivertown Trading Co. to Dayton Hudson, Minnesota Public Radio, March 23, 1998.
- ^ a b Associated Merchandising Corporation, The American Chamber of Commerce in Thailand.
- ^ Target buys Fedco for SuperT, Discount Store News, July 26, 1999.
- ^ Target may step up NE rollouts; debuts long-awaited e-tail site, Discount Store News, September 20, 1999.
- ^ a b Target is the name, Discount Store News, February 21, 2000.
- ^ Target Corporation 2001 Annual Report, Target Corporation.
- ^ Target Corporation Fourth Quarter Earnings Per Share $1.29, Target Corporation, February 27, 2007.
- ^ Target Website
- ^ Target Website
- ^ Target Lights create evolving Minneapolis landmark, Minneapolis/St. Paul Business Journal, April 11, 2003.
- ^ Vendor Compliance, Target Corporation.
- ^ Target Sourcing Services/AMC History, Target Corporation.
- ^ Michelle Bruch, Target taking over Crate & Barrel space on Nicollet Mall, Downtown Journal, December 14, 2007.
- ^ Target and Amazon.com Expand Online Target Store, The Write News, August 21, 2002.
- ^ Target Corporation and Amazon Enterprise Solutions Extend E-Commerce Agreement to 2010, Target Corporation, July 18, 2006.
- ^ Target to open two new SuperTargets in Twin Cities, Minneapolis/St. Paul Business Journal, October 20, 2004.
- ^ 2005 Annual Report (PDF), Target Corporation.
- ^ Wasilla Target store no longer a rumor, The Mat-Su Valley Frontiersman, Russell Stigall, March 30, 2007.
- ^ Target plans expansion to Hawaii, Minneapolis/St. Paul Business Journal, February 13, 2006.
- ^ Cold Stone Creamery to Open Test Stores in Target, Chain Store Age, May 5, 2006.
- ^ BJ's closes photofinishing kiosks, Photo Marketing Newline, June 22, 2005.
- ^ E-Trade closes trading stations, San Francisco Business Times, June 6, 2003.
- ^ Target History Timeline (PDF), Target Corporation.
- ^ Minneapolis Target store opens, but controversy doesn't end, Minnesota Public Radio, October 9, 2001.
- ^ On the Bull's Eye, Buildings Magazine, June 2003.
- ^ Target Meets With Suppliers About RFID Plans, InformationWeek, August 10, 2004.
- ^ Target on roof top via Google Maps. Accessed January 2007.
- ^ Corporate Responsibility Report (PDF), Target Corporation, January 31, 2006.
- ^ Is Target making a Graves mistake?, Discount Store News, February 8, 1999.
- ^ Target Gets Exclusive New GBA Color!, Nintendo World Report, Billy Berghammer, November 25, 2002.
- ^ Target welcomes indies, BNET, July 2006.
- ^ Target Corporation’s Third Quarter Earnings Release conference call, Securities Information from the SEC EDGAR database, November 11, 2004.
- ^ Target's Bioplastic Gift Card, treehugger, January 31, 2006.
- ^ US design patent D505,450: Credit or stored value card with wood layer, U. S. Patent & Trademark Office.
- ^ U.S. Patent 7,004,398: Stored-value card with edible product, U. S. Patent & Trademark Office.
- ^ US patent application 20030214129: Medication packaging and labeling system, U. S. Patent & Trademark Office.
- ^ Best Inventions 2005: Healthy Options, Time, November 21, 2005.
- ^ Top 20 Most Admired Companies - Target (11) - FORTUNE
- ^ The Most Charitable Companies, Forbes, November 14, 2005.
- ^ 5% Giving, "Target", Target's 5% giving policy, April 30, 2008.
- ^ Target and The Salvation Army Announce Partnership, The Salvation Army, November 14, 2005.
- ^ Target Launches Multi-Faceted Christmas Partnership With The Salvation Army, The Salvation Army, November 14, 2006.
- ^ Salvation Army Giving Tree, Target. com.
- ^ Magician David Blaine Ends Latest Stunt by Escaping From Gyroscope in NYC, FOXNews. com, November 24, 2006.
- ^ a b c d e f http://www.ens-newswire.com/ens/nov2007/2007-11-12-092.asp Environment News Service November 12, 2007. Retrieved May 4, 2008
- ^ http://sites.target.com/site/en/corporate/page.jsp?contentId=PRD03-001095 Target Corporation 2006 Awards. Retrieved May 4, 2008
- ^ http://www.practicalecommerce.com/articles/623/Green-Commerce-Is-Good-Commerce/ Practical ecommerce 2007. Retrieved May 4, 2008
- ^ Target Corporation. "Environmental Responsibility. " Target Corporation Responsibility Report. June 2007. Date Accessed: 16 April, 2008: http://sites.target.com/images/corporate/about/responsibility_report/responsibility_report_environmental.pdf
- ^ Dobrovolny, Peter. Sustainability: High Performance Buildings Deliver Increased Retail Sales. ” Seattle. gov. Date Accessed: 17 March 2008. http://www.ci.seattle.wa.us/light/conserve/sustainability/studies/cv5_ss.htm
- ^ Brookter, Carolyn. "TARGET RECEIVES NATIONAL ENERGY-EFFICIENCY AWARD; EPA Partnerships Signify Commitment to Environment and Communities. " Business Wire. 4 June 1996. Date Accessed: 16 April 2008. http://findarticles.com/p/articles/mi_m0EIN/is_1996_June_4/ai_18355343
- ^ Target Corporation Assets Protection (PDF), Office of the Arizona Attorney General
- ^ Retailer Target Branches Out Into Police Work, The Washington Post, January 29, 2006.
- ^ Target sets sights on hard-to-crack cases, CNN, February 9, 2006.
- ^ Just call it 'Teflon' Target, CNN/Money, April 20, 2005.
- ^ The Trouble with Wal-Mart, Stay Free!, Fall 2004.
- ^ http://www.alternet.org/workplace/35610/?comments=view&cID=118628&pID=118609/ Target as Bad as Wal-Mart? You Decide
- ^ Target pulls '88' clothing from stores, Minneapolis/St. Paul Business Journal, August 28, 2002.
- ^ Birth-control battle at Target; Planned Parenthood and Target Corp. dispute whose rights are more important: Customers who need emergency contraception or pharmacists who think it's immoral to provide it. Star Tribune. November 11, 2005.
- ^ Merry Christmas Target, Snopes. com, December 9, 2005.
- ^ Target 2006 TV commercial "Merry Christmas" 1, YouTube. com.
- ^ Target fined $120,000 for 'Spooky String'
- ^ Diversity Statement, Target Corporation.
- ^ Target Diversity Website, Target Corporation.
- ^ Supplier Diversity: Minority and Women Business Development Program, Target Corporation.
- ^ Target Corp., The Human Rights Campaign.
- ^ 2004 NAACP General Merchandising Industry Report Card (PDF), National Association for the Advancement of Colored People.
- ^ NAACP 2005 Industry Surveys Give Five Major Industries "C" and "D" Grades, National Association for the Advancement of Colored People.
- ^ 2005 NAACP General Merchandising Industry Report Card (PDF), National Association for the Advancement of Colored People.
- ^ 2006 General Merchandising Industry Report Card, National Association for the Advancement of Colored People.
- ^ NAACP Issues Corporate Report Cards, The Associated Press, July 18, 2006.
- ^ Target Fireworks Show, 2007 Minneapolis Aquatennial.
External links
- Target.com E-commerce website
- Target Corporation Corporate website
- The Associated Merchandising Corporation
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