Target Corporation Essay

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    Target Corporation

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    Macro Environment: Target Corporation Economic: Target’s position in the Discount Department Store Industry has been to offer inexpensive and fashionable clothing, home furnishings and decorations. Their motto has been Expect More Pay Less. They have been very successful with this strategy until the downturn of the economy when sales began to seriously decline. Target’s latest strategy has been to open SuperTargets and remodeled many of their existing stores that have a larger focus on food

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    Target Corporation

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    The Target Corporation, what used to be known as the Dayton Dry Goods Co., is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. In 1962, the first Target store was opened in Roseville, Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The company is ranked 33rd on the 2007 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival with Kmart

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    Target has been a successful retail company coming in 2nd place behind Wal-Mart. Although these successes come in many forms, there are factors that deter Target from ever reaching first place. Target Corporation has run into a few weaknesses in the recent years. These weaknesses that Target are facing can impact their future goals. They include lawsuits that Target is facing with the recent events and not having an international presence. Even though Target is ranked currently 36 in

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    History Target was founded in 1902 by George Draper Dayton (Robin, Destrempe & Santosuosso, 2015). He bought his first store in Minneapolis, which he named it the, “Goodfellow Dry Goods Store”, he then eventually changed the name to Target (Marketplace, n.d.). After Draper Dayton death in 1950, Dayton son took over the Target Company. The first Target opened in 1962 in Roseville, Minneapolis. Target became one of the second largest retailers in the United States (Robin, Destrempe & Santosuosso,

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    History of The Target Corporation

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    The Target Corporation formerly known as “The Dayton Dry Goods Company” is a major retailing company that was founded in 1902 in Minneapolis, Minnesota by George Draper Dayton. It is ranked the second largest discount retailer in the United States and ranked thirty- sixth on the Fortune 500 as of 2013. The Target Corporation has been serving this nation with the best price possible goods since their expansion from “Dayton” and is continuously winning the hearts of consumers with their dedication

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    Target’s strengths are its growth. In less than 100 years, Target has grown to over 1,790 stores and over 300,000 employees. MBA-Lectures says that “97% of American consumers are familiar with Bullseye” (SWOT Analysis of Target Corporation (2010, September 19.)). Knowing the logo and mascot of any company is a huge deal for the company. You may see a bullseye somewhere else, such as a dart board in a toy store, and think of Target. In 2009, Target was listed 28 on the Fortune 500, making it the second

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    Target Corporation is an upscale discounter store, providing high quality on trendy merchandise, at nice prices in a clean environment and guest friendly store. The first Target store opened in 1962 in Minneapolis area of Roseville, MN with a focus on useful shopping at reasonable discount prices. Today, Target remains committed to providing a one-stop shopping experience for guests by delivering separated merchandise and outstanding value with its Expect More. Pay Less brand promise. Target currently

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    “Expect More-Pay Less”. Target Corporation operates more than 1,800 Target stores across the country, an online business at Target.com, Super Target stores that provide a full line of groceries to consumers, Target Express and a Target Pharmacy. In addition, they offer the Target REDcard, the Target Visa and the Target Debit Card that is only valid in Target stores. The company is increasing its grocery business and actively extending stores for the future. The Target Corporation takes pride in their

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    Target Corporation was founded under the name of Dayton Dry Goods Company by George Draper Dayton in 1902 and headquartered in Minneapolis, Minnesota. His store became known very soon for fair business, dependable merchandise and generous spirit of giving. He was active as president in the store´s management until his death in 1838. In 1916, the company becomes a founding member of the retails Research Association, which was cooperative of leading retailers. In 1969, they started to introduce a new

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    Target Corporation is a well-known American discount retailing company, founded in 1902 and is headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the U.S. (Walmart being the largest) (Target, 2014). Target’s analysis will provide an insight into the corporation and its working. It look at and evaluate it in terms of terms of its effectiveness in each of these areas, such as: the structure, goals, agendas, boundaries, control, culture, politics, and decision-making

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