The Financial Success Of The Largest Successful Multi Billion Dollar Company

891 WordsJul 4, 20164 Pages
One of the largest successful multi-billion dollar company that I have found interesting is Target Corporations. In actuality, they are second, right next to Walmart on the retail distribution scale. Target has produced a functional organizational habit that has brought in an annual revenue of $72,618,000,000 in the year of 2014, cited from Wikipedia. Target, I truly believe is one of the most successful corporations in United States of America. It has also extended itself to countries such as Canada and even as far as Australia. Target makes it even more convenient to shop online or even in the store. They even send you pamphlets of the items that they think you would be most interested in. In this essay we will see the financial success…show more content…
Wesfarmers started an Australian version of Target in 1973, other from naming rights, the American and Australian companies are untouchable. Target reached $200 million in sales in the 1970s. Between the 1980s to the 1990s, Target made many alliances to bring their annual revenue higher in a 5-10 years span. Target parent company, Dayton Corporation, made agreements with other department stores and jewelry companies, expanding their store and brand to the northwest and southeast of the United States. A revenue of $33.7 billion, and net income reached $1.14 billion, passing $1 billion for the first time and nearly tripling the 1996 profits of $463 million for Dayton-Hudson. On September 7, 1999, Dayton-Hudson launched Target.com website as an e-commerce site as part of its discount retail division. In the early 21st century, Dayton-Hudson was renamed Target Corporation. 75 to 80 percent of Dayton-Hudson 's sales came from Target, while the department stores were used to fuel its growth. Target began operation in Bangalore, India in 2005. They also extended their doors to Canada in January 2011, where they announced their expansion of 220 stores across the country. This alliance was said to have made a whopping $1.8 billion. Target first opened their door on March 2013 with 133 stores across the nation. Target Canada lost $2.1 billion in its short life and Canadian and US media stated it was a "spectacular failure". Target announced in
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