Target Corporation is the second-largest discount retailer in the United States, behind Walmart, and is a component of the S&P 500 Index.
The Standard & Poor's 500, often abbreviated as the S&P 500, or just "the S&P", is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
The United States of America, commonly referred to as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions.
Wal-Mart Stores, Inc., doing business as Walmart, is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores.
Why it's called "Target" by Action Movie Kid
Founded by George Dayton and headquartered in Minneapolis, Minnesota, the company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910.
Minneapolis is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents.
George Draper Dayton was an American businessman and philanthropist, most famous for being the founder of Dayton's Department Store.
Take a Tour of the New TargetExpress by Target
The first Target store opened in Roseville, Minnesota in 1962, while the parent company was renamed the Dayton Corporation in 1967.
Roseville is a city in Ramsey County, Minnesota, just north of Saint Paul and east of Minneapolis.
It became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969, and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's.
Marshall Field & Company, commonly known as Marshall Field’s, was an upscale department store in Chicago, Illinois that grew to become a major chain before being acquired by Macy's, Inc. on August 30, 2005.
Mervyn's was an American middle scale department store chain based in Hayward, California, and founded by Mervin G. Morris.
Wesfarmers began operating an Australian version of Target in 1973, although aside from naming rights, the American and Australian companies are unaffiliated.
Wesfarmers Limited is an Australian conglomerate, headquartered in Perth, Western Australia, with interests predominantly in Australian and New Zealand retail, as well as in chemicals, fertilisers, coal mining and industrial and safety products.
Target established itself as the highest-earning division of the Dayton-Hudson Corporation in the 1970s; it began expanding the store nationwide in the 1980s and introduced new store formats under the Target brand in the 1990s.
The company has found success as a cheap-chic player in the industry.
The parent company was renamed the Target Corporation in 2000 and divested itself of its last department store chains in 2004.
It suffered from a highly publicized security breach of customer data and the failure of its short-lived Canadian subsidiary in the early 2010s but experienced revitalized success with its expansion in urban markets within the United States.
As of FY 2015, Target operates 1,792 locations throughout the United States.
Their retail formats include the discount store Target, the hypermarket SuperTarget, and "flexible format" stores previously named CityTarget and TargetExpress before being consolidated under the Target branding.
A discount store is a retail store which sells products at prices that are lower than the typical market value.
In commerce, a hypermarket is a superstore combining a supermarket and a department store.
Target is often recognized for its emphasis on "the needs of its younger, image-conscious shoppers," whereas its rival Walmart more heavily relies on its strategy of "always low prices."