Target Corporation Financial Summary

2784 WordsSep 22, 201212 Pages
Target Corporation, Target, is an exclusive retail discounter that provides on-trend, high quality merchandise at competitive prices in orderly and expansive guest-friendly stores. In addition to the retail stores, Target operates an online business, Target.com (Target.com, 2012). Target Corporation (NYSE:TGT) assists customers at 1,763 stores across the United States and also at Target.com. In 2013 the organization is planning to open their first stores in Canada. In addition to the retail segment, the organization operates a credit card subdivision that offers branded proprietary credit card products (Target.com, 2012). Target Corporation’s fiscal year ends on the Saturday nearest January 31st, unless otherwise stated. “References to…show more content…
All earnings per share figures refer to diluted earnings per share” (Target.com, 2012). Gregg Steinhafel, Target’s Chief Executive Officer, chairman and president stated that “Target generated strong financial performance in 2011, overcoming sluggish economic growth, restrained consumer spending and an intensely promotional holiday season” (Target.com, 2012). Additionally, Steinhafel stated that “For the full year, our U.S. businesses generated 14.3 percent growth in adjusted earnings per share, and we experienced our strongest growth in comparable-store sales since 2007. As we look ahead to 2012, we’ll continue to focus on bringing our ‘Expect More. Pay Less’ brand promise to life for our guests, providing unique, well-designed merchandise while driving value and loyalty with initiatives like 5% Rewards and REDcard Free Shipping” (Target.com, 2012). In addition, Steinhafel stated that Target will continue to invest in the stores, online and their mobile channels. Also Target is preparing to open their open their first CityTarget locations in July 2012 and arrange for the opening of their first Canadian Target stores in the early months of 2013. (Target.com, 2012). Target Corporation has also been successful in some of their short-term operating activities which show how efficiently they are preforming their daily operations such as collecting their receivables and managing their inventory. Their receivables turnover ratio improved from
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