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Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. [3]
The history of Target Corporation first began in 1902 by George Dayton. The company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton ...
Target reported net income of $942 million, or $2.03 per share, which is 3 cents short of analysts projections, according to a survey by FactSet. Profit for the period ended May 4 was also below ...
Target shares fell 7.97% by the close of trading Wednesday on the heels of the results. Cornell went on to say sales trends are "normalizing" in categories where inflation has eased.
Target in recent years has added more food and essentials to its stores, but still trails Walmart, which gets around half of sales from groceries. Walmart’s sales increased 3.8% last quarter.
Cornell occasionally visits Target stores and asks guests about their shopping experiences. As CEO, Cornell has been praised by outlets such as CNN, describing him as Target's "ace CEO" and crediting him with the business' strong growth in the 2010s. In 2019, Cornell was named CNN's "Business CEO of the Year".
Target is hoping a wide series of price cuts will lure back shoppers who have wandered away from the chain. The company on Monday announced plans to reduce prices on nearly 5,000 items, ranging ...
Target Australia Pty Ltd (formerly Lindsay's and Lindsay's Target, formerly stylised as Target. and doing business as Target and Target Australia) is a department store chain owned by Australian retail conglomerate Wesfarmers. Target stocks clothing, cosmetics, homewares, electronics, books, and toys selling both in-store and online. [3]
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