Walmart vs. Target

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Wal-Mart vs. Target This report examines the financial statements of two of the nation major companies in the retail industry. The report seeks to compare and contrast the companies performances using financial ratio to examine the various number of the annual reports dated 2006 for Wal-Mart Stores Inc (NYSE:WMT) and Target Corporation (NYSE:TGT). Retail is the second-largest business in the United States both in number of establishments and number of workers. The U.S. retail industry spawns $3.9 trillion in retail sales yearly ($4.2 trillion if food service sales are incorporated), around $11,995 per capita. The retail sector is in addition one of the largest internationally. Wal-Mart is the world's largest retailer and the world's largest company with more than $300 billion (USD) in sales yearly. Wal-Mart employs 1.4 million associates in the United States and more than 425,000 globally (Melody Vargas, 2006). Purveyor of all that is cheap, yet chic, Target Corporation the nation's #2 discount chain (behind Wal-Mart) now manages about 1,430 Target and Super-Target stores in 47 states, in addition to an online commerce called Target.com. Target and its sisters, including Super-Target, which sells groceries, and Target-Greatland, have shaped out a niche by offering more upscale, fashion-progressive merchandise than rivals Wal-Mart and Kmart (Alex Biesada, 2006). Target in addition owns apparel supplier The Associated Merchandising Corp. and issues Target Visa and its

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