Preview

Target

Powerful Essays
Open Document
Open Document
2952 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target
Target Corporation
Arthur S. Camua Jr.
University of Phoenix
Management
MGT/521
Professor Mr. Jeffrey Gordon
December 13, 2012

Target Corporation
Target Corporation is one of America’s biggest corporations according to Fortune 500. Target is a retailer that operates general merchandise and food discount stores. Being one of the biggest and one of the leading retailers in the America, Target enjoys a strong market position to promote market opportunities and adds to their bargaining power. Here are the Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis of Target Corporation.
Strengths
1. Advance technology increased customer preference for Internet shopping. 2. Target Corporation continues to expand by announcing their plan to open more stores in Chicago, Seattle, and Los Angeles. 3. Target Corporation is the second biggest concession retailer in United States. 4. Target Bulls eye logo is recognize by Ninety-seven percent of American consumers. 5. Target is the leading gift card seller than any other retailer in the United States. 6. Target is opening 220 stores in Canada, which is the first international expansion.
Weakness
1. Target stores do not sell firearms and tobacco products. 2. Target settled to decrease their transactions on all supplies having polyvinyl chloride. 3. Target Corporation received criticism and controversy from members of the gay and lesbian community for their donations to anti-gay groups. 4. Negative publicity in 2004, when Target decided to block Salvation Army from seeking donations at its stores. 5. Target Corporation does not have the advantage competitively due to higher prices than other retailers do.
Opportunities
1. Corporation ranked at number 38 in Fortune 500 as of 2012 (Fortune, 2012). 2. Target ranked number 64 on Corporate Responsibility Magazine list of 100 Best Corporate Citizens (CRM, 2012). 3. Target ranked number 25 on Fortune



References: Bloomberg BusinessWeek. (2012). Civics lesson. Retrieved from http://images.businessweek.com/slideshows/2012-11-08/civics-lessons CR’s Magazine Carbon Disclosure Project. (2012). Carbon reductions generate positive ROI. Retrieved from https://www.cdproject.net/en-US/Pages/HomePage.aspx Costco Wholesale DiversityBusiness.com. (2012). Top 50 organizations for multicultural business opportunities. Retrieved from http://www.diversitybusiness.com/news/supplierdiversity/45201282.asp DiversityInc Dow Jones Sustainability Indexes. (2012). Annual review 2012. Retrieved from http://www.sustainability-indexes.com/review/annual-review-2012.jsp Duff, V Ethisphere. (2012). 2012 world’s most ethical companies. Retrieved from http://www.ethisphere.com/wme/ Fortune Magazine Human Rights Campaign. (2012). Corporate equality index. Retrieved from http://www.hrc.org/corporate-equality-index/#.ULdSJKUWFFI King, W Light, J. (2012). Ideal employer list. Retrieved from http://online.wsj.com/article/SB10001424052748703512404576208702115862760.html?mod=WSJ_Careers_CareerJournal_4 McClimans, F Newsweek Magazine. (2012). Green rankings 2012: U.S. companies. Retrieved from http://www.thedailybeast.com/newsweek/2012/10/22/newsweek-green-rankings-2012-u-s-500-list.html Smith, J Target Corporation. (2012). About Target. Retrieved from https://corporate.target.com/about/ USHCC WBENC. (2012). Top corporations. Retrieved from http://www.certain.com/system/profile/web/index.cfm?PKwebID=0x2781614178&varpage=agenda Walmart Corporation Working Mother Media. (2012). 2012 best companies for hourly workers. Retrieved from http://www.workingmother.com/best-companies/2012-best-companies-hourly-workers

You May Also Find These Documents Helpful

  • Good Essays

    STR 581

    • 295 Words
    • 2 Pages

    An early strategic choice to build a brand around the Target name fostered the company's steady growth. From the very beginning, George Dayton's strategy was to position Target as an upscale discount chain at which the prices would be just above the lowest prices. To achieve this upscale image, it offered trendy and stylish goods in an environment that was bright and attractive, unlike other discount stores of the time (HBS Working Knowledge, 2004 para 2). Once a generic strategy is selected Target will also need to consider how to implement its grand strategy to ensure it correlates with its long term goals. In the following paragraphs it describes how Target has identified its best value, and how it has selected a strategy to ensure the company can achieve its long term goals.…

    • 295 Words
    • 2 Pages
    Good Essays
  • Best Essays

    “By 1975, Target had become Dayton-Hudson’s leading revenue producer, and by 1979 Target’s annual sales had reached $1 billion. In 1995 in Omaha, Nebraska, the company opened its first SuperTarget store which included a full-service grocery, a photography studio, a pharmacy and restaurants. To reflect a new focus on its Target stores, Dayton-Hudson changed its name to Target Corporation” (Target Corporation, n.d.).…

    • 3019 Words
    • 13 Pages
    Best Essays
  • Better Essays

    Target Corporation was founded in 1902 by George Dayton in Minneapolis, Minnesota. It was originally called “Dayton Dry Goods Company” and then later became Dayton Company in 1910. By 1962, Dayton Company opened its first discount store in Roseville, Minnesota by the name of “Target”. By 2000, all Dayton Hudson Corporations changed their name to Target Corporation. It opened three operating divisions including Target, Mervyn’s and the Department Store Division. In 2001, Target’s division generated about 80 percent of retail sales and operating income while Mervyn’s generated only 12 percent and the Department Store Division only generated 9% of sales therefore Target merged their e-commerce team and direct merchandising unit into one organization creating Target Corporation opening 74 new stores within the same year. Target’s operating strategy is built on providing great value to their consumers. They distinguish themselves from the competition by differentiating their inventory from other competing retail stores such as Wal-Mart and K-Mart. They are also known as…

    • 1218 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Target Corporation is a publicly held retail growth company in the United States that is focused on providing exceptional value to consumers through upscale discount stores and through online business. The company has been based in Minneapolis, Minnesota since its founding as the Dayton Company in 1902 by businessman George Dayton. The current Chairman and Chief Executive Officer of Target Corporation is Robert J. Ulrich (www.Target.com).…

    • 445 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Target Strategic Analysis

    • 4446 Words
    • 18 Pages

    American retailing company headquartered in Minneapolis, Minnesota. Target is the second-largest discount retailer in the United States, behind Wal-Mart. The Target chain discount stores range from 95,000 to 135,000 square feet. Super Target chain hypermarkets are approx. 174,000 sq. ft.…

    • 4446 Words
    • 18 Pages
    Good Essays
  • Satisfactory Essays

    Target Corporation

    • 837 Words
    • 3 Pages

    The purpose of this memo is to provide significant financial information of Target Corporation as well as to provide the necessary assistance to facilitate an investment decision.…

    • 837 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    Hr491 Position Paper

    • 2459 Words
    • 10 Pages

    Target Corporation is a nationally recognized discount retailer that is focused on providing customers with trendy, high-quality products at affordable prices. Target is celebrating its 50th anniversary this year, after opening the first store in 1962 located in Rovesville, Minnesota (About Target, 2012). Today, Target has 1,763 stores in 49 states, Target.com, 37 distribution centers nationally, a headquarters in India, expanding to Canada in 2013, and a branded proprietary credit card and rewards programs. This organization is focused on giving the customer the ultimate shopping experience, and because of that, is recognized as an innovating leader in the retail industry.…

    • 2459 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    Target Strategic Audit

    • 15483 Words
    • 83 Pages

    The internal analysis indicates that Target has numerous strengths that are of great value, especially its brand and customer service. However, weaknesses are also present, one of which is the website ‘Target.com’.…

    • 15483 Words
    • 83 Pages
    Powerful Essays
  • Satisfactory Essays

    Target Corporation is the second-largest discount store retailer in the United States, behind Walmart. Founded by George Dayton and headquartered in Minneapolis, Minnesota. Later, the first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation after merging with the J.L Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's.…

    • 116 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    SWOT Analysis: Target

    • 1530 Words
    • 7 Pages

    Target’s purpose and mission statement is “We fulfill the needs and fuel the potential of our guests. That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences—consistently fulfilling our Expect More. Pay Less.® brand promise.” Target’s determination to fulfill the needs and fuel the potential of their guests is leading them to their solutions that drive both business and social value. Target is focused on new ways to build onto Target’s legacy of corporate responsibility. Target works along side and together with their team members, guests, suppliers, and communities to create better outcomes on issues that matter. The focus will always be…

    • 1530 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Target vs Wal Mart

    • 1640 Words
    • 7 Pages

    Target has a long standing tradition of providing superior products to consumers. Whether it is clothing or your groceries, Target is known for being a top competitor to the retail giant Wal-Mart. Target also has a long standing tradition of making economic decisions that benefit the consumer. In their most recent decision to move into Canada, Target is now moving into international business. Their brand name is not widely known throughout Canada, but given their reputation in America, Target should have no problem entering the Canadian market.…

    • 1640 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Target Corporation is one of the most major merchants store in the world. Target is recorded to be the sixth largest retailer within the United States. Founded by, George Dayton in the early 1900’s in Minneapolis, Minnesota. Target Corporation is a leading merchant store that supplies a variety of products, which includes everything from clothing to shoes, health and beauty, and even electronics. It is a corporation that remains on-top, and develops day-out. It is a brand that is well known and continues to raise the bar each year effectively. Target Corporation will need to grow the company approaches built on the quality of the rank, ethnicity, and individuals in each country. The issues that will need to be recognized for Target to understand development would be grand strategy, value disciplines, and generic strategies. This paper will detect the importance of strategic choices within the corporation overall.…

    • 1377 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Company Profile Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target Corporation operates general merchandise and food discount stores in the United States. It operates as two reportable segments: Retail and Credit Card. The company offers household essentials, including electronics, music, and toys; apparel and accessories; home furnishings as well as seasonal merchandise. It also sells its merchandise under private-label brands, such as Archer Farms, etc. Target Corporation operates in-store amenities, such as Target Caféand Target Clinic as well. Its marketing strategy includes selling its products on its online shopping site Target.com and its network of distribution centers. As of June 2, 2010, it operated 1,740 stores in 49 states and the District of Columbia covering 231,941,000 square feet, and has more than 351,000 employees across the United States. Target Corporation’s main competitors are Wal-Mart Stores Inc. (WMT), and Costco Wholesale Corporation (COST). According to its 10-K annual SEC filing, 88% of shares are held by institutional and mutual fund owners. The five largest shareholders of Target Corporation are Gregg W. Steinhafel, Kathryn A. Tesija, Douglas A. Scovanner, Richard M. Kovacevich and John D. Griffith. Segment Performance Target operates as two reportable segments: Retail and Credit Card segments. According to Target’s 10-K annual SEC filing, Target Corporation’s retail segment contains service of merchandising operations, and associate with online services. Its credit card segment gives qualified clients credit cards, such as Target…

    • 2214 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Target Corporation Essay

    • 566 Words
    • 3 Pages

    Target is a very popular chain store across the United States. In almost every major city you visit, you can find at least one store, maybe even multiple across large suburban areas. The easily recognized red and white bullseye has become a national symbol of a high quality shopping experience with low, affordable prices. But how did Target come to be such an affluent business? Despite having humble beginnings in the midwest, Target has grown to be a well-known, successful chain that has many different products that are high quality to offer to its customers.…

    • 566 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Target Corporation

    • 2902 Words
    • 12 Pages

    Target Corporation is a growth company focused exclusively on general merchandise retailing. Their principal operating strategy is to provide exceptional value to American consumers through multiple retail formats ranging from upscale discount and moderate-priced to full-service department stores. (Target Corporation Company, n.d.).…

    • 2902 Words
    • 12 Pages
    Better Essays

Related Topics