A publicly-traded company headquartered in Minneapolis, Minnesota, Target Corporation (also known as Target) is an American department store chain. One of the eight largest retailers in the United States and a member of the S&P 500 index is this company. In 1962, Target Redcard introduced new store formats under the Target brand the 1960’s as the discount division of the Dayton-Hudson Corporation (Dayton-Hudson Company of Minneapolis). It later changed its name to Target, Inc.
In the industry, the company has thrived as a cheap and elegant provider of services. It renamed its parent company Target Corporation in 2000 and sold off its last department store chain in 2004. It suffered a massive and highly publicized customer credit card data security breach and the bankruptcy of its subsidiary Target Canada. in early 2010, but it was short-lived. renewed success with its expansion into urban markets in the United States.
Among the top 50 largest retailers in America by sales in 2020, Target ranked 37th on the Fortune 500 list as of 2019. Retail formats include Target discount stores, SuperTarget hypermarket, and “small format” stores formerly called CityTarget and TargetExpress before being consolidated under the Target brand.
On May 1, 1962, Target opened its first store in Roseville, Minnesota, a suburb of Minneapolis-Saint Paul. In our current properties, we are selling general merchandise as well as hardware and hardware items and occupy an area of approximately 135,000 square feet (12,500 m2).
While many Target stores follow a standard big-box architectural style, since August 2006 the company has focused on “customizing each new store to ensure a locally relevant experience that best meets the needs of the neighborhood.” Initially, only SuperTarget locations operated Starbucks coffee counters. , although, thanks to their extended partnership, they were integrated into the general stores from 2003 onwards.