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Corporate headquarters,Target Plaza, inMinneapolis | |
Formerly |
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Company type | Public |
Industry | Retail |
Founded |
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Founders |
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Headquarters |
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Number of locations | ![]() |
Area served | United States, Canada (formerly, seeTarget Canada) |
Key people | Brian C. Cornell (chairman and CEO) |
Products | Clothing, designers, footwear, accessories, jewelry, beauty products, groceries, food, drinks, electronics, housewares, appliances, bedding, bath, furniture, home decor, books, toys, games, movies, music, lawn and garden, pet supplies, health and hygiene products, gifts, optical, snack bar, and pharmacy |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 400,000+ (2025) |
Parent |
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Subsidiaries | Shipt |
Website | |
Footnotes / references [2] |
Target Corporation is an American retail corporation that operates achain ofdiscount department stores andhypermarkets, headquartered inMinneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of theS&P 500 Index.[3] The company is one of thelargest American-owned private employers in the United States.
The original Target retail store was co-founded byJohn Geisse andDouglas Dayton, the CEO of the Dayton corporation at that time. The Dayton corporation, now known as the Target Corporation, was the companyJohn Geisse worked for when he founded the Target stores and was founded in Minneapolis by businessmanGeorge Dayton in 1902, and developed through the years via expansion and acquisitions. Target, the company's first discount store and eventual namesake, was opened and founded by American business manJohn F. Geisse in 1962. The company became the Dayton-Hudson Corporation after merging with theJ.L. Hudson Company in 1969 and formerly held ownership of several department store chains includingDayton's,Hudson's,Marshall Field's, andMervyn's. The parent company was renamed the Target Corporation in 2000. Despite the identical logo, name and similar type of outlets, Target Corporation is not affiliated withTarget Australia.
Target is notable for its focus on upscale, trend-forward merchandise at lower costs.[4] Its stores typically sellgeneral merchandise—including clothing, household goods, electronics, toys, and more—as well asgroceries. Its name and logo refer to thecenter of a shooting target, and its canine mascot is namedBullseye. Target expanded throughout the U.S. in the late 20th century, cementing its place in American popular culture. Its main competitors includeWalmart andAmazon. The corporation also operates 41 distribution centers, a financial services division, a global capabilities center inBangalore, India, and two criminalforensics laboratories.
As of 2023[update], Target operates 1,948 stores throughout the United States,[5] and is ranked No. 32 on the 2022Fortune 500 list of the largest U.S. corporations by total revenue.[6] It has been consistently ranked as one of the most philanthropic companies in the U.S. Attempts to take the chain international have proved unsuccessful. Target Corporation'sheadquarters is located onNicollet Mall in Minneapolis.
The history of what would become Target Corporation first began in June 1902, whenGeorge Dayton purchased a company called Goodfellow Dry Goods. The company was renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened inRoseville, 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 includingDayton's,Hudson's,Marshall Field's, andMervyn's. In 2000, the Dayton-Hudson Corporation was renamed to Target Corporation.[citation needed]
The firstTargetdiscount store opened in Roseville, Minnesota, a suburb ofMinneapolis–Saint Paul, byJohn Geisse on May 1, 1962.[8] Present-day properties are roughly 135,000 square feet (12,500 m2) and sell general merchandise, includinghardlines andsoftlines.[9] While many Target stores follow a standardbig-box architectural style,[10] the company has focused on "customizing each new store to ensure a locally relevant experience [...] that best fit the surrounding neighborhood's needs" since August 2006.[11] Initially, only SuperTarget locations operatedStarbucks Coffee counters, although they were integrated into general-merchandise stores through their expanded partnership beginning in 2003.[12] Many stores also featurePizza Hut Express counters (at most in the self-service snack bar), along withStarbucks
Target introduced the "PFresh" store prototype in 2008, which expanded its grocery selection in general-merchandise locations by upwards of 200%. Newly constructed stores that follow the PFresh format are roughly 1,500 sq ft (140 m2) larger than properties without groceries, although retain the Target branding because their offerings are considerably more limited than SuperTarget. PFresh sells perishable and frozen foods, baked goods, meat, and dairy. The company remodeled 109 stores accordingly in 2009, and renovated another 350 stores the following year.[13] The company's decision to close their garden centers opened floor space for PFresh expansion and larger seasonal departments beginning in 2010.[14]
On June 15, 2015,CVS Health announced an agreement with Target to acquire all of Target's pharmacies and clinic businesses for around $1.9 billion. The Target pharmacies were rebranded as CVS Health pharmacies, which totaled 1,672 pharmacies in February 2016. The Target clinics were also rebranded asMinuteClinic. The acquisition of the Target pharmacies enabled CVS to expand its market intoSeattle, Denver, Portland, and Salt Lake City.[15][16]
The firstTarget Greatland location opened inApple Valley, Minnesota, in September 1990. They were about 50% larger than traditional Target stores, and pioneered company standards, including an increased number of checkout lanes and price scanners, larger aisles, expanded pharmacy and photography departments, and a food court. Target Greatland locations have since been converted to stores following the PFresh format beginning in 2009.[17]
The firstSuperTargethypermarket opened inOmaha, Nebraska, in 1995, and expanded upon the Target Greatland concept with the inclusion of a full grocery department.[8] The company expanded their grocery assortment in 2003 and adopted the modified tagline "Eat Well. Pay Less." (in reference to their tagline "Expect More. Pay Less.") in 2004.[8][18] In the early 2000s, 43 locations (of nearly 100) featuredE-Trade trading stations, although they were all closed by June 2003 after E-Trade determined, "we were not able to make it into a profitable distribution channel."[19]
When comparing SuperTargets with rivalWalmart Supercenter hypermarkets, then-chief executive Gregg Steinhafel opined thatWalmart operates like "a grocer that happens to also sell general merchandise," whereas the less aggressive expansion of SuperTarget stores reflects his view of Target's grocery effort as a "high-impact, low-cost" side project.[18] The company operated 239 SuperTarget locations as of September 2015;[20] they each encompass an estimate of 174,000 square feet (16,200 m2).[21]
In article written in August 2015, Target was quoted as saying, "Big or small, our stores have one thing in common: they'reall Target."[22] Since then, newer stores have opened under the Target name.[citation needed]
While typical Target locations are about 135,000 sq ft (12,500 m2), most "small-format"CityTarget stores are roughly 80,000 sq ft (7,400 m2). The first stores were opened in July 2012, in Chicago, Los Angeles, and Seattle;[9] the 160,000 square feet (15,000 m2) location inBoston is the largest CityTarget and opened in July 2015.[23]TargetExpress stores range from 14,000 to 21,000 sq ft (1,300 to 2,000 m2); the first opened inDinkytown near theUniversity of Minnesota in July 2014.[24] Products in these flexible-format properties are typically sold in smaller packages geared towards customers using public transportation. Locations built in college communities often carry an extended home department of apartment and dormitory furnishings.[25] In August 2015, Target announced that it would rename its nine CityTarget and five TargetExpress stores as Target beginning that October, deciding, "Big or small, our stores have one thing in common: they're all Target."[23] The first small-format stores under the unified naming scheme opened later that month in Chicago,Rosslyn,San Diego, and San Francisco.[26] The company opened a 45,000 square feet (4,200 m2) store in theTribeca neighborhood of New York in October 2016. In that same month, three other similar-sized stores opened inPhiladelphia,Cupertino, California, and the area aroundPennsylvania State University.[4] Target opened a 22,000 sq ft (2,000 m2) store in Austin's Dobie Twenty21, adjacent to the UT-Austin campus.[27]
Nearly all of its planned openings through 2019 were small formats, which are less than 50,000 sq ft (4,600 m2).[4] The goal of these smaller-format stores is to win over the business of millennial customers. The nearly 30 newer locations were to be situated in college towns or densely populated areas.[4]
As of 2018, Target has four subsidiaries: Target Brands, Inc., Target Capital Corporation, Target Enterprise, Inc., and Target General Merchandise, Inc.[28] Target Australia was formerly a subsidiary of Target Corporation when it acquired Lindsays in 1968 until 1985, when it was sold toColes Myer Limited.[citation needed]
Financial and Retail Services (FRS), formerly Target Financial Services, issues Target's credit cards, known as the Target REDcard (formerly the Target Guest Card), issued through Target National Bank (formerly Retailers National Bank) for consumers and through Target Bank for businesses. FRS also oversees GiftCard balances. Target launched itsPIN-x debit card, the Target Check Card, which was later rebranded as the Target Debit Card. The Target Debit Card withdraws funds from the customer's existing checking account, and allows for up to $40 "cash back". The debit card allows guests to save 5% off each purchase. In late 2017, Target replaced its REDcard slogan, "Save 5% Today, Tomorrow, & Everyday with Target REDcard", when it rolled out new benefits for REDcard holders by offering exclusive products on Target.com and preorders with "Everyday Savings. Exclusive Extras."[citation needed]
This global sourcing organization locates merchandise from around the world for Target and helps import the merchandise to the United States, including garments, furniture, bedding, and towels. Target Sourcing Services has 27 full-service offices, 48 quality-control offices, and seven concessionaires located throughout the world, and employs 1,200 people. Its engineers are responsible for evaluating the factories that do business with Target Corporation for quality, labor rights, and trans-shipment issues.[29] It was acquired by Target Corporation in 1998, was founded in 1916 as the Associated Merchandising Corporation, and was previously owned by the clients it served.[30] TSS ceased operations in its department-store group, the division of the former Associated Merchandising Corporation that acted as a buying office forSaks, Inc.,Bloomingdale's,Stage Stores Inc.,TJ Maxx, andMarshalls.[31]
Target Brands is the company's brand-management division that oversees the company'sprivate-label products. In addition,Bullseye (a whiteBull Terrier), is Target's mascot.
Other private labels include brands launched in July 2016, during back-to-school sales.
Eight Target private-label brands that launched in 2018:[33]
In addition, Target released three new intimates, loungewear, and sleepwear brands for women on February 25, 2019:[34]
On January 9, 2020, Target announced its new activewear brand,All in Motion, anathleisure line with products for men, women, boys, and girls.[35] The brand's logo plays homage to a previous Dayton's logo.[36]
On March 9, 2021, Target announced a new brand calledFavorite Day, a brand that sells bakery, snacks, candy, premium ice cream, cake-decorating supplies, and beverage mixers and mocktails items. It launched on April 5, 2021.[37]
Former brands include:
Type of site | E-commerce |
---|---|
URL | www |
Commercial | Yes |
Registration | Optional but required for some features |
Launched | 2000; 25 years ago (2000) August 2011; 13 years ago (2011-08) (rebrand) |
Current status | Online |
Target.com owns and oversees the company'se-commerce initiatives, such as the Target.com domain. Founded in early 2000 as target.direct, it was formed by separating the company's existing e-commerce operations from its retailing division and combining it with its Rivertown Trading direct-marketing unit into a stand-alone subsidiary.[38] In 2002, target.direct andAmazon.com's subsidiary Amazon Enterprise Solutions created a partnership in which Amazon.com would provide order fulfillment and guest services for Target.com in exchange for fixed and variable fees. After the company soldMarshall Field's andMervyn's in 2004, target.direct became Target.com. The domaintarget.com attracted at least 288 million visitors annually by 2008, according to aCompete.com survey.[39] In August 2009, Target announced that they would build and manage a new Target.com platform, independent of Amazon.com. This new platform was to launch in 2011, in advance of the holiday season. Prior to the announcement, Target and Amazon had extended their partnership until 2011.[40] In January 2010, Target announced their vendor partners for the re-platforming project. These partners includeSapient,IBM,Oracle,Endeca,Autonomy,Sterling Commerce, andHuge, among others.[41] The re-platformed Target.com officially launched on August 23, 2011, effectively ending the partnership with Amazon.com.[42] Over the last few years, Target has been working to grow their fulfillment strategy via the orders placed through their website.[43]
As of May 2016[update], Target Corporation operates 41 distribution centers across the United States.[50] With the exception of vendor-supplied items, such as greeting cards and soda, these distribution centers ship items directly to Target stores. Also, unlike Walmart, Target's grocery selection does not come from their own distribution centers, but from the companies with whom Target has partnered.[51]
The retail chain's first distribution center opened inFridley, Minnesota, in 1969. It included a computerized distribution system and was known as the Northern Distribution Center. During this time, the chain consisted of 17 stores after having expanded intoOklahoma and Texas.[52]
On August 9, 2004, Target announced to their suppliers that they were going to perform a trial on the effects ofradio-frequency identification (RFID) on the efficiency of theirsupply chain management in theDallas–Fort Worth metroplex. This trial involved one Target distribution center and 10 nearby Target stores. Here, RFID tags were placed on the bar codes of pallets and cartons to track the goods from the suppliers to the distribution center, and from the distribution center to the stores.[53] As of 2009, RFID had been phased out of the Dallas–Fort Worth stores. In 2016, Target planned to roll out the RFID technology at all 1,795 of its store locations across the United States.[clarification needed][54]
Target opened new distribution centers in 2006 (Rialto, California,DeKalb, Illinois) to support the growth of its stores. On January 27, 2009, Target announced the closing of its distribution center inMaumelle, Arkansas, the second-oldest in the company. The reason cited was the need to ensure that Target remained competitive in the long term.[55] In June 2009, Target opened a new distribution center to supply more than 60 stores in three states.[56]
SuperTarget and PFresh stores require fresh produce and refrigerated and frozen items. Food-distribution centers owned bySuperValu have been used by Target for many years. In October 2003, SuperValu's facility inPhoenix, Arizona, was converted to serve Target exclusively.[57] The same change was implemented at the SuperValu center inFort Worth, Texas.[58] A new distribution center was constructed by Target inLake City, Florida, to serve the Southeast, but it was operated by SuperValu until 2011, when it transitioned to Target.[57] A fourth center inCedar Falls, Iowa, opened in 2009 and is unique in that it is located adjacent to a standard Target Distribution Center, each using the same dispatch office.[58] Other warehouses owned by SuperValu are still used in other regions, but Target plans to replace those over the next few years.[57] In Colorado, stores are serviced through FreshPack Produce Inc. ofDenver.[51] In themid-Atlantic region/Philadelphia market,C&S Wholesale Grocers services the fresh produce, meat, dairy, bakery, and frozen-food needs to PFresh stores. Target partnered withSwisslog Holding to use a semiautomated monorail picking system called the CaddyPick system for use in the food-distribution centers.[citation needed]
The company operates four facilities to receive shipments from overseas manufacturers and suppliers. They are located near ports atRialto, California;Savannah, Georgia;Lacey, Washington; andSuffolk, Virginia. Merchandise received is sent directly to Regional Distribution Centers. Internet sales orders from the Target Direct division, which operates from the Target.com website, are processed by the facility inWoodbury, Minnesota, with some support fromSavannah, Georgia, and other vendors. New centers opened inOntario, California, andTucson, Arizona, in 2009.[58] In 2021, during the COVID-19 pandemic, Target supply chain and inventory teams worked proactively to move products fast, and they hired more than 30,000-year-round supply chain team members to bolster their team.[59]
Several former Target Supply Chain Executives have been named Chief Supply Chain Officers at other large organizations across the United States. Notables are:
Distribution center | Type | Location |
---|---|---|
T-580 | Regional | Madison, Alabama |
T-588 | Regional | Phoenix, Arizona |
T-9478 | E-commerce fulfillment | Tucson, Arizona |
T-0553 | Regional | Fontana, California |
T-9479 | E-commerce Fulfillment | Ontario, California |
T-3806 | Regional | Rialto, California |
T-3807 | Import | Rialto, California |
T-3899 | Food | Rialto, California |
T-0593 | Regional | Shafter, California |
T-0555 | Regional | Woodland, California |
T-0554 | Regional | Pueblo, Colorado |
T-3892 | Food | Lake City, Florida |
T-3808 | Regional | Midway, Georgia |
T-3862 | Regional | Lawrenceville, Georgia |
T-3810 | Import | Savannah, Georgia |
T-0556 | Regional | Tifton, Georgia |
T-3865 |
| Chicago, Illinois |
T-3897 | Consolidation Center | Elwood, Illinois |
T-9275 | Speciality Distribution (SDC) | Joliet, Illinois |
T-3809 | Regional | DeKalb, Illinois |
– | Central returns | Indianapolis, Indiana |
T-0559 | Regional | Indianapolis, Indiana |
T-0590 | Regional | Cedar Falls, Iowa |
T-3895 | Food | Cedar Falls, Iowa |
T-3803 | Regional | Topeka, Kansas |
T-0587 | Regional | Galesburg, Michigan |
T-0551 | Regional | Fridley, Minnesota |
T-9407 | E-commerce fulfillment | Woodbury, Minnesota |
T-3844 | E-commerce fulfillment | Perth Amboy, New Jersey |
T-3857 | Flow Center, UDC, RDC, E-commerce | Logan Township, New Jersey |
T-9156 | E-commerce fulfillment | Burlington, New Jersey |
T-3802 | Regional | Amsterdam, New York |
T-0579 | Regional | Wilton, New York |
T-3811 | Regional | Newton, North Carolina |
T-3880 | Food | West Jefferson, Ohio |
T-3804 | Regional | West Jefferson, Ohio |
T-0558 | Regional | Albany, Oregon |
T-0589 | Regional | Chambersburg, Pennsylvania |
T-1875 | E-commerce fulfillment | York, Pennsylvania |
T-3863 | Sortation Center | King of Prussia, Pennsylvania |
T-0594 | Regional | Lugoff, South Carolina |
T-3866 | Sortation Center | Austin, TX (opened late 2021) |
T-3861 | Sortation Center and E-commerce | Dallas, Texas (opened 2022) |
T-3897 | Food | Denton, Texas |
T-3859 | Regional | Houston, Texas (opened in 2022) |
T-3801 | Regional | Midlothian, Texas |
T-0578 | Regional | Tyler, Texas |
T-0560 | Regional | Stuarts Draft, Virginia |
T-3800 | Import | Suffolk, Virginia |
T-0600 | Import | Lacey, Washington |
T-0557 | Regional | Oconomowoc, Wisconsin |
Target Corporation has its headquarters onNicollet Mall in Minneapolis[72] near the site of the original Goodfellows store.[73] The complex includes Target Plaza North andTarget Plaza South. Ryan Companies developed the complex, and Ellerbe Becket served as the architect. Target had the roughly $260 million complex developed to provide one location of office space for 6,000 employees. The 14-story Target Plaza North has 600,000 square feet (56,000 m2) of office and retail space, while the 32-story Target Plaza South has 1,250,000 square feet (116,000 m2) of space.[74] In October 2014, Target completed construction of an 1,600,000 square feet corporate campus in Brooklyn Park, Minnesota called Target Northern Campus.[75]
Brian Cornell serves as board chairman and CEO of Target Corporation. In January 2016, Cornell began making home visits in an effort to understand better the needs and desires of his customers.[76] In January 2016, Target fired Tina Tyler from her job as chief stores officer. She was replaced with long-time employee Janna Potts.[77]
On August 26, 2020, the headquarters building was broken into and damaged during theMinneapolis false rumours riot.[78][79][80] Three Minnesota residents were later convicted of federal arson charges for setting fires inside the building during the riot.[81][82][83]
The company states that "individuality may include a wide spectrum of attributes such as personal style, age, race, gender, ethnicity, sexual orientation, language, physical ability, religion, family, citizenship status, socio-economic circumstances, education, and life experiences."[84]
In February 2006, theNational Federation of the Blind (NFB) filed aclass action discrimination lawsuit in Northern California's Alameda County Superior Court, claiming that Target's commercial website contains "thousands of access barriers that make it difficult, if not impossible, for blind customers to use."[85] Target Corporation settled the lawsuit in October 2008, paying $6 million and agreeing to work with the NFB over the next three years improving the usability of the Target.com site.[86]August 24, 2009, the United StatesEqual Employment Opportunity Commission (EEOC) filed a discrimination lawsuit against Target Corporation for unlawfully denying reasonable accommodation to an employee with multiple disability-based impairments and substantially reducing his work hours due to the medical conditions.[87] According to the claims in the EEOC press release, Target's actions violated Title I of theAmericans With Disabilities Act (ADA) and Title I of theCivil Rights Act of 1991.[88]
In February 2012, the company extended the team member discount to same-sex partners of employees. It had received a 100 on theHuman Rights Campaign Corporate Equality Index Score, prior to donating funds toMinnesota Forward.[89]
TheNational Association for the Advancement of Colored People has repeatedly given Target failing grades on its annual Economic Reciprocity Initiative report card, a measure of the company's "commitment to the African-American citizenry". In 2003 and 2005, the NAACP has rated Target an "F" on this report; in 2004, Target was rated a "D−".[90][91][92] In 2006, when Target was asked why it didn't participate in the survey again,[93] a representative explained, "Target views diversity as being inclusive of all people from all different backgrounds, not justone group."[94]
In September 2020, Target published a "Workforce Diversity Report" indicating that 50% of Target's 350K employees arepeople of color, and over half are women. The report also stated that within the corporate leadership team, people of color account for 24% of the team and 42% are women. On a retail level, 33% of stores are managed by people of color, with more than half of management positions occupied by women.[95]
Brian Cornell publicly stated[20] commitment to programs at Target to support diversity, equity and inclusion following the murder of George Floyd by police in Minneapolis. He stated “I recognize that it’s time to take it to another level, and that as CEOs, we have to be the company’s head of diversity and inclusion."[21] One of the created programs[22] intended to help Black entrepreneurs develop, test, and scale products to sell at mass retailers promised to spend more than $2 billion with Black-owned businesses by 2025.
In 2025, Target announced an abrupt change to these policies following an executive order from President Trump ordering[23] a dismantling of the federal government’s diversity and inclusion programs. Target announced[24] a halt to many programs designed to increase diversity equity and inclusion at Target. The company also said it would no longer participate in external diversity surveys, including the Human Rights Campaign’s Corporate Equality Index[25]
Following Target's statement to roll back on equitable hiring practices, Twin Cities Pride announced[26] Target would no longer be participating in the 2025 Pride Festival.
Target is consistently ranked as one of the most philanthropic companies in the US. It ranked No. 22 inFortune magazine's "World's Most Admired Companies" for 2010, largely in part to the donation efforts of the company as a whole.[96] According to a November 2005Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%).[97] Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program.[citation needed]
Further evidence of Target's philanthropy can be found in the Target House complex inMemphis, Tennessee, a long-term housing solution for families of patients at the city'sSt. Jude Children's Research Hospital. The corporation led the way with more than $27 million in donations, which made available 96 fully furnished apartments for families needing to stay at St. Jude over 90 days.[citation needed]
Target has a no-solicitation rule at its properties, as it seeks to provide a "distraction-free shopping experience for its guests." Exemptions to this policy were previously made for theSalvation Army red kettles and bell-ringers outside Target stores during the holidays through Christmas. In 2004, however, Target asked the organization to explore alternate methods to partner with Target. Target donates to local Salvation Army chapters through its grant program and annually to theUnited Way of America (the Salvation Army is a member of the United Way coalition).[citation needed]
In 2005, Target and the Salvation Army[98] created a joint effort called "The Target/Salvation Army Wish List", where online shoppers could donate goods to the organization for hurricane victims by buying them directly from Target.com between November 25, 2005, and January 25, 2006. In 2006, they created another joint effort called "The Target/Salvation Army Angel Giving Tree",[99] which is an online version of the Salvation Army's Angel Tree program;[100] in addition to donating proceeds made from the sales of limited edition Harvey Lewis angel ornaments within Target's stores. During the Thanksgiving holiday of 2006, Target and the Salvation Army partnered with magicianDavid Blaine to send several families on a shopping spree the morning ofBlack Friday. The challenge held that if Blaine could successfully work his way out of a spinning gyroscope by the morning of Black Friday, then several families would receive $500 shopping certificates. The challenge was completed successfully by Blaine.[101]
During disasters, Target has been a major benefactor for relief efforts. Target provided monetary and product donations during theSeptember 11 attacks; it also donated money for relief efforts for the2004 tsunami in South Asia and donated $1.5 million (US) to theAmerican Red Cross in the aftermath ofHurricane Katrina in 2005.[citation needed] It also allowed its store properties in the affected area to be used as command centers for relief organizations and donated supplies such as water and bug spray.
Target will often donate its unused, returned or seasonal merchandise (particularly clothing) toGoodwill Industries.[citation needed]
In 2007, Target Corporation agreed to reduce its sales on all materials containingpolyvinyl chloride (PVC).[102] Testers found toxic lead andphthalates and large amounts of PVC in toys, lunch boxes, baby bibs, jewelry, garden hoses, mini blinds, Christmas trees, and electronics.[102] Several studies have shown that chemicals in vinyl chloride can cause serious health problems for children and adults.[102] TheUniversity of Illinois Medical Center in Chicago states that people who use products containing PVC can become exposed with harmful toxic phthalates and lead, which eventually can become a big contributor withdioxins.[102] Lois Gibbs, executive director of the Center for Health, Environment, and Justice, stated, "Target is doing the right thing by moving away from PVC and switching to safer alternatives."[102] Other companies reducing the PVC on their shelves include Walmart,Microsoft,Johnson & Johnson,Nike, and Apple.[102] Target is beginning to reduce energy use with energy-efficient storefronts and reducing waste with recycling programs.[103] All Target stores in the United States use plastic carts with metal frames. In mid-2006, Target took it a step further when it began introducing a newer cart design made entirely of plastic. It also uses the same design in its hand-use baskets.[104]
Target released a 13-page report in 2007 that outlined their current and future plans for becoming more earth-friendly according toLEED. Such efforts include installing sand filtration systems for the stores' wastewater. Recycling programs will be aimed at garment hangers, corrugated cardboard, electronics, shopping carts, shrink wrap, construction wastes, carpeting, and ceiling tiles and roofing materials. All stores inOklahoma will be partnered withOklahoma Gas & Electric to exclusively usewind power for all Target stores to reducegreenhouse gas emissions. Stores nationwide use onlyLED andfluorescent lights and low-flow restrooms that reduce wastewater by 30%.[citation needed] Some Target stores are installing roof gardens orgreen roofs, which absorb stormwater and cut down onsurface runoff, mitigate temperature fluctuations, and provide habitats for birds. There are currently four green-roof Target stores in Chicago.[citation needed]
Target carries over 700 organic and alternative products from brands such asArcher Farms,Burt's Bees, andMethod Products. They also sell clothes made from organic cotton, non-toxic cleaners, low-energy lighting and electronics, non-toxic and non-animal tested cosmetics, and furniture made from recycled materials. As of June 2007[update], Target has been offeringreusable shopping bags as an alternative to disposable plastic bags. Target gift cards are made from corn-based resins. All of the stores' packaging is done with a modified paperboard/clamshell option and has goals for phasing outplastic wrap completely.[105]
In collaboration withMBH Architects, Target's first "green" building was a 100,000+ square foot Target store built-in 1995 inFullerton, California. It was a part of the EPA Energy Star Showcase for its use ofskylights that cut the original energy consumption by 24% with a 5-year payback.[106] Target and MBH Architects were awarded the "Green Lights Partner/Ally of the Year Award".[107]
Target is the only national retailer employing a Garment Hanger reuse program, which keeps millions of pounds of metal and plastic out oflandfills. In 2007, this program prevented 434 million hangers from entering landfills.[108]
On June 15, 2009, the California Attorney General and 20 California District Attorneys filed a lawsuit inAlameda County alleging that Target stores across the state have been illegally dumpinghazardous wastes in landfills.[109]
On October 1, 2009, Target Corporation agreed to pay a $600,000 civil penalty for importing and selling a variety of toys withlead paint levels that were higher than is legally allowed. TheConsumer Products Safety Commission alleged that "Target knowingly imported and sold the illegal Chinese-made toys between May 2006 and August 2007."[110] A similar problem occurred a few months later in February 2010, when Target pulledValentine's Day "message bears" from its shelves at the request of the California attorney general's office. The bears, which were manufactured in China, contained more lead than is permissible under federal law for children under 12.[111]
Aclass action suit was filed in 2014 in theU.S. District Court for the Northern District of Ohio, on behalf of consumers in Ohio that purchased Target-brandwet wipes. The lawsuit filed against Target Corporation alleges the retailer misled consumers by marking the packaging on its up & up brand wipes as flushable and safe for sewer and septic systems. The lawsuit also alleges that so-called flushable wipes are a public health hazard because they are alleged to clog pumps at municipal waste-treatment facilities.[112]
On April 27, 2017, Target announced a corporate goal to install rooftop solar panels in 500 buildings by 2020 with each project reducing 15 to 40 percent of a property's energy needs. Target also unveiled its first solar installation in shape of the bullseye logo at a distribution center in Phoenix, Arizona.[113]
On December 5, 2018, Alameda County District Attorney O'Malley announced fining Target $7.4 million for puttingillegale-waste, medical supplies and private information into the garbage.[114]
On April 23, 2018, Target announced plans to accelerate their electric vehicle program by installing charging stations at more than 600 parking spaces at over 100 sites across 20 states.[115]
On March 17, 2022, Target announced its first net zero energy store in Vista, California.[116]
In December 2013, adata breach of Target's systems affected up to 110 million customers.[117][118] Compromised customer information included names, phone numbers, email and mailing addresses.[119] In March 2015, Target reached a class-action settlement with affected consumers for $10 million (plus class-action attorney fees).[120] In May 2016, Target settled with affected banks and credit unions for $39 million (plus class-action attorney fees), of which $19 million would be disbursed by aMasterCard program.[121]
Target only operates in the United States as of 2023, though in the past Target attempted to bring their stores to Canada. Therefore, other companies and trademarks that are under the name of "Target" outside of the United States are not owned by the Target Corporation.[citation needed]
There is acompany in Australia with the same logo, and the same name, but these stores are not related. It could be possible that the copying of the branding was legal, or that the companies both ended up with the same name and logo by coincidence, as the logo of the Target Australia brand and the Target Corporation are obvious choices for the name "Target". Both Target Australia and the Target Corporation are the re-branded names and designs of older, also unrelated, stores.[citation needed]
In 2015, Target followedWalmart in raising its minimum wage to $9 per hour.[122] Two years later, Target announced that the minimum hourly wage would be increased to $11 by October 2017 and pledged to raise it to $15 (referred to as "living wage" by labor advocates) by 2020.[123][124] By April 2019, the company announced that it was on track to meet this goal, increasing its minimum wage to $13 per hour.[125] In June 2020, Target announced ahead of schedule that the minimum hourly wage would rise to $15 permanently, after previously announcing it to be temporary through July 4, 2020. As a thank you to store and distribution center team members who worked during theCOVID-19 pandemic in the United States, Target also announced a one-time $200 bonus to be paid towards the end of July 2020. During the COVID-19 pandemic, Target began providing additional team member resources to help team members meet essential needs, obtain virtual healthcare, and take a paid leave of absence (based on certain medical or physical criteria that may cause exposure to coronavirus).[126][127] In February 2021, Target began offering all of its hourly employees up to four hours of pay when they get both doses of theCOVID-19 vaccine as well as covering the cost of aLyft ride, up to $15 each way, to the vaccination appointment.[128] In August 2021, Target announced a $200 million investment to offer debt-free degrees to more than 340,000 full-time and part-time team members at stores, distribution centers, and headquarters locations.[citation needed]
In December 2021, an employee at a Target store in Indianapolis, Indiana named Andrew Stacy filed anunfair labor practice charge against the company with theNational Labor Relations Board, alleging that a manager at the store confiscated union flyers that Stacy was distributing with a co-worker and then interrogated the co-worker about the flyers.[129]
Since its founding, it has intended to differentiate its stores from its competitors by offering what it believes is more upscale, trend-forward merchandise at lower costs, rather than the traditional concept of focusing on low-priced goods. Douglas J. Dayton, one of the Dayton brothers, explainedJohn Geisse's concept:
"We will offer high-quality merchandise at low margins because we are cutting expenses. We would much rather do this than trumpet dramatic price cuts on cheap merchandise."[52]
As a result, Target stores tend to attract younger customers than Walmart, among other competitors. Themedian Target shopper is 40, the youngest of all major discount retailers that Target competes directly against. The median household income of Target's customer base is roughly $64,000. Roughly 76% of Target customers are female, and more than 43% have children at home. About 80% have attended college and 57% have completed college.[130][131]
In October 2008, Target announced plans to fight the perception that their products are more expensive than those of other discount retailers. It added perishables to their inventory, cut back on discretionary items, and spent three-quarters of their marketing budget on advertising that emphasizes value and includes actual prices of items featured in ads. Target also planned to slow its expansion from about 100 stores a year down to 70 stores a year.[132][133][134]
Target stores are designed to be more attractive than largebig-box stores by having wider aisles, drop ceilings, a more attractive presentation of merchandise, and generally cleaner fixtures. Special attention is given to the design of the store environment: graphics reinforce its advertising imagery, while shelves are dressed with contemporary signage, backdrops, and liners, often printed on inexpensive material such as paper, corrugated and foam boards. Some stores, particularly those in the vicinity of major airports, have abullseye painted on the roof that can be seen from above: the stores inEast Point, Georgia nearHartsfield-Jackson Atlanta International Airport;Rosemont, Illinois, nearO'Hare International Airport;Potomac Yard, Virginia, nearRonald Reagan Washington National Airport;College Point, New York (Queens), east ofLaGuardia Airport; andRichfield, Minnesota, adjacent toMinneapolis–St. Paul International Airport are among such locations. The location inInglewood, California, nearLos Angeles International Airport andSoFi Stadium, has anLED bullseye logo on its roof, made out of solar panels.[135][136]
Target stores do not sellfirearms. In the early 1990s, they ceased sales oftoy guns that looked realistic and limited its toy gun selection to ones that were brightly colored and oddly shaped. In 2014, Target also "respectfully" asked their guests to leave any firearms at home when visiting the store.[137] They do not sell tobacco products and have not sold cigarettes since 1996.[138][139]Most Target stores do not play music, but may be changing that from 2017 with a rebranding process, adding music to the rebranded stores.[140]
Some people jokingly give Target the pseudo-French pronunciation/tɑːrˈʒeɪ/tar-ZHAY, as though it were an upscale boutique.[141][142] Though this practice is often attributed toOprah Winfrey's usage onher television show, it is first attested in 1962, the year the first Target store opened.[142] Target once sold a line of shoes called "Miss Targé;"[143] this was reinforced by a 1980s television advertisement starringDidi Conn.[citation needed] This pronunciation has also led some people to incorrectly believe that the company is French-owned.[51] In recognition of the nickname's popularity and cachet, Target Corporation licensed its new name and logo to Brand Central LLC in 2006, complete with an accent over the letter "E" for a new line of clothing aimed at more upscale fashion customers. The line, "Targét Couture", was originally sold in Los Angeles-based store Intuition, which deals with high-end brands.[144][145]
Target uses a practice that was derived in 1989 fromThe Walt Disney Company[51] by calling its customers "Guests", its base-level employees "Team Members", and its supervisors "Team Leaders". Also, managers are known as "Executive Team Leaders (ETLs)", "Senior Team Leaders (SRTLs)", or "Service and Engagement Team Leaders (SETLs)", and the Store Manager is known as the "Store Team Leader (STL)", Further up the chain of command are "District Team Leaders (DTL)", "Group Team Leaders (GTL, sometimes also Group Vice President)", "Regional Team Leaders (RTL, sometimes also Regional Vice President)", and corporate-level executives.[citation needed]
This practice began to be revised in 2018 and became more widespread in 2019 as the Group Team Leader became the Group Operations Director. District Team Leader became the District Senior Director. The Store Team Leader became Store Director. Executive Team Leaders were shortened to Executive Team Lead. Other Team Leaders retained their title though some of the department names changed such as Guest Service Team Leader was renamed Service & Engagement Team Leader. Front of store team members was renamed Guest Advocates. Specialty areas in Style, Beauty and Tech are considered Consultants. Other areas such as General Merchandise, Presentation, Inbound, Fulfillment, Food Service and Reverse Logistics are considered Experts, andAssets Protection and Security Officers are Specialists. Distribution centers and the supply chain including corporate office refers to its employees as Team members, Operations manager, Senior operations manager, Distribution Director, Problem Solvers, and Leads.[146]
Target has many exclusive deals with various designers and name brands, including Finnish design companyMarimekko; architectMichael Graves; athletic wear companyConverse; Portland-based undergarment designer Pair of Thieves; Italian fashion labelFiorucci; fashion designersLilly Pulitzer,Liz Lange,Mossimo Giannulli, andIsaac Mizrahi, among others.[147] To further increase its fashion profile, Target also created its fashion-forwardGo International line, which hires famous designers to design collections available only for a few months.[148]
After hiring architect Michael Graves to design the scaffolding used to renovate theWashington Monument and contributing US$6 million to the restoration plan, Target introduced its first designer line of products in 1999, the Michael Graves Collection of housewares and home decor products.[148]Walmart andKmart have followed Target's lead by signing exclusive designers to their stores as well.[149] Target also partners with well-established national brands to create exclusive collections for its stores.[148]
In 2005, Target introduced a major revision ofprescription bottles, which it calls theClearRx system. The redesigned bottles are color-coded, flattened-out and turned upside down, providing more room for the label. This system was based on the patent[150] by student Deborah Adler and was named one ofTIME's "Most Amazing Inventions of 2005".[151] After Target sold their in-store pharmacy and clinic operations to CVS Health in December 2015, CVS discontinued the use of ClearRx.[152]
Sometimes manufacturers will create red-colored items exclusively for Target. In 2002,Nintendo produced a red special edition variant of theGame Boy Advance, which featured the Target logo above the screen.[153]
In 2005,IFC began a partnership with Target to promote a selection of independent films, both in Target stores and on IFC Monday nights at 9:00 pm Eastern. Originally titledIFC Cinema Red, the promotion was rebranded on-air asThe Spotlight in 2007. The in-store headers refer to the selected titles asIFC Indies – Independent films chosen for Target by the Independent Film Channel.[154]
In 2016, Target began to enforcegender neutrality in its marketing of toys, and stopped explicitly listed specific toys as being for "boys" or "girls".[155] This change came after the store stopped color coding toy aisles with pink and blue for "girls" or "boys", respectively.[156] This practice was expanded with the February 2016 launch of new children's decor line, Pillowfort, which replaced its Circo brand and features more gender-neutral designs and color schemes.[157]
In February 2021, Target announced it would begin opening "miniApple shops" in some of its stores.[158]
The Target GiftCard is the retailing division'sstored-value card orgift card. Target sells more gift cards than any other retailer in the United States and is one of the top sellers, by dollars and units, in the world.[159] The unique designs of their cards contribute to their higher sales, as well as Target's policy of no expiration dates or service fees.[160] Past and current designs includelenticular, "scratch and sniff" (such as peppermint during the Christmas season),glow in the dark,LED light-up, a gift card on the side of abubble blower, a gift card that can function as aCD-ROM, and even a gift card that allows the sender to record a voice message. A current environmentally friendly gift card is made frombioplastic manufactured from corn.[161] Target rolled out a new MP3 player gift card for the 2006 holiday season. It holds 12 songs and must be purchased with an initial value of at least $50.
Beginning in January 2010, Target Stores rolled out Mobile GiftCards, through which one can produce a GiftCard barcode on any web-capable cell phone. This data matrix barcode can be scanned at a Target POS like any physical card barcode, and balances can be stored, retrieved, and gifted with the convenience of a cell phone.[162]
Some of these unique design ideas are patented, and these patents are assigned to the Target Brands subsidiary. For example, some such Target GiftCard designs feature a wooden front side. On May 24, 2005, theUnited States Patent and Trademark Office granted U.S. patent D505,450 for the "ornamental design for credit or stored value card with wood layer" to inventors Amy L. Lauer and John D. Mayhew.[163] U.S. patent 7004398, for the "stored-value card assembly including a stored-value card, an edible product, and a wrapper", was granted to Michael R. Francis and Barry C. Brooks on February 28, 2006.[164] Both patents have been assigned by their inventors to Target Brands, Inc.[citation needed]
Target GiftCards are also collector's items. Some of the first gift cards issued are valued at over $300 (even though the card does not have any money on it). Every year, Target introduces new Holiday GiftCards. In 2007, Target's Holiday GiftCards featured a wind-up flashlight, a musical gift card, a gift card that lights up, and a scented gift card.[citation needed]
In 2006,The Washington Post revealed that Target was operating two criminalforensics laboratories, one at its headquarters and the other inLas Vegas.[165] Originally, the lab was created with the role of investigating internal instances of theft, fraud, and other criminal actions that have occurred on its own properties. Eventually, the company began offeringpro bono services to law enforcement agencies across the country. Target's Forensic Services has assisted agencies at all levels of government, including such federal agencies as theBureau of Alcohol, Tobacco, Firearms and Explosives, theFederal Bureau of Investigation, and theUnited States Secret Service.[166][167]
In 2011,Mercy for Animals, a nonprofit organization dedicated to preventing cruelty to farmed animals and promoting compassionate food choices and policies, uncovered allegedanimal abuse at a Target egg supplier, Sparboe Farms.[168]
The investigation received international media attention; it aired first on ABC'sGood Morning America,[169]World News Tonight with Diane Sawyer,[170] and20/20.[171] As a result of the investigation and the public outcry that followed, Target immediately discontinued its relationship with the company.[172][173][174] In January 2016, Target Corp. announced that it will discontinue the use of eggs from caged hens, and become entirely cage-free by 2025.[175]
Shortly after the start of thesecond presidency of Donald Trump, Target was one of dozens of Fortune 500 companies who backtracked on their DEI policies in response to conservative court decisions, pressures from both activists, right wing legal groups and Trump administration policies.[176] Many took to social media to protest the decision and the daughters of one of the founders called the back tack of the policies a betrayal, and in February 2025 a forty day consumer boycott was announced.[177][178] It was reported on February 28, Target lost $12.4 billion in market value after the stock value dropped to $27.27 per share by the end of February.[179]
A class action lawsuit was filed on behalf of the City of Rivera Beach Police Pension Fund, and raised allegations that Target defrauded investors by issuing false and misleading statements concerning DEI initiatives along with environmental, social and governance policies.[180]
Pop starLady Gaga was expected to give the store an exclusive expanded edition of her then upcoming albumBorn This Way, but she ended the deal after discovering that then-CEO Gregg Steinhafel donated to a political action group that supported an anti-gay candidate.[181] Target apologized[182] and began its outward support of theLGBTQ community. In 2012, it began by stockinggay pride merchandise and donating half of the profits toGLSEN.[183] In 2014 it began featuring LGBTQ individuals and couples in national advertising.[184] In 2015, Target debuted their #takepride campaign, and partnered with GLSEN to produce a mini-documentary celebrating their 25th anniversary.[185][186] Target sponsors many LGBTQ non-profits includingHuman Rights Campaign, GLSEN,GLAAD,Family Equality Council,NGLCC and theWilliams Institute. For the last three years, Target has been the presenting sponsor of GLAAD'sSpirit Day. In 2017, Target was the founding partner of New York City's Pride Youth. Target was ranked by LGBTQ Consumers as a favorite brand in 2016 and 2017 by Community Marketing Inc's 10th and 11th Annual LGBT Community Surveys. Target has a score of 100 on the Human Rights Campaign Corporate Equality Index[187] for their corporate policies and practices pertinent to lesbian, gay, bisexual, transgender and queer employees. In 2019, Target donated $100,000 to GLSEN.[188]
In May 2023, Target received threats against team members in response to the stores' Pride Month merchandise. Several viral posts on social media incorrectly[189] claimed that "tuck-friendly" products were being sold to children, which sparked outrage among anti-LGBTQ groups. The products were quickly withdrawn from stores in Southern states, to avoid a "Bud Light situation".[190]
In May 2024, Target announced they are reducing the number of stores that sell their Pride Month collection for the safety of their employees after the backlash and threats received in 2023. The corporation has their Pride Month collection available online for customers who do not live near one of the select stores that will be carrying the merchandise.[191]
On February 12, 2012,The New York Times published an article which detailed a statistical model that Target had deployed which used customer data to assign guests a "pregnancy prediction score".[192] This article contained an account of a father who complained to a store manager about his teenage daughter receiving pregnancy-related coupons and subsequently discovered that his daughter was actually pregnant. This anecdote received wide coverage in other media outlets.[193][194][195] The public backlash focused on privacy concerns and companies using data mining techniques to infer sensitive information about customers, as well as perceived attempts to hide the influence of the model by interspersing pregnancy-related coupons in advertising for general household goods.[196] Target responded by defending its customer analytics program and stating that the resulting inferences were in compliance with federal and state health information laws.[citation needed]
The controversy also resulted in a wider conversation around informed consent and whether terms of service are sufficient to notify consumers of the potential use of data mining techniques.[197] In response to this and similar consumer concerns, theWhite House released a "Consumer Bill of Rights" which outlined consumer expectations for security, transparency, and corporate accountability when it comes to online data usage.[198][199]
In April 2016, Target announced on its website that it would allow transgender customers and employees access to use restrooms and changing areas that correspond with the gender with which they identify, except where local laws require otherwise.[citation needed]
The announcement read:
"We believe that everyone—every team member, every guest, and every community—deserves to be protected from discrimination, and treated equally. Consistent with this belief, Target supports the federal Equality Act, which provides protections to LGBT individuals, and opposes action that enables discrimination. In our stores, we demonstrate our commitment to an inclusive experience in many ways. Most relevant for the conversations currently underway, we welcome transgender team members and guests to use the restroom or fitting room facility that corresponds with their gender identity."[200]
The New York Times called this "the most prominent position taken by a national retailer".[201] In response, theAmerican Family Association (AFA) launched a nationwide boycott; by April 28 about one million people had signed the AFA's petition.[202][203] Around the time of publicity about the policy, polls reported a drop from 42% to 38% of consumers noting they would shop at Target.[204] In mid-May, CEO Cornell said the boycott impacted "just a handful of stores across the country".[205]
Some observers, such asFortune's Phil Wahba, believed that Target's bathroom policy may have caused part of Target's drop in shopper traffic during thesecond quarter of 2016. On August 17, Target announced it would add a third, private, single-stall locking bathroom at many of its stores.[206] In 2017, Cornell claimed not to know about, or have approved, the policy before it was published. The policy cost the business US$20 million and caused sales to fall nearly 6% in the three-quarters following.[207]
In 2014, the California Supreme Court ruled that Target stores do not have a positive duty to keepautomated external defibrillators (AEDs) in stores for purposes of first aid. This decision came after a 49-year-old woman died following a heart attack in a Target store, and two family members filed a wrongful-death lawsuit.[208][209]
Target initially refused to sellFrank Ocean'sChannel Orange andBeyoncé'sself-titled album, because those records were available todigital retailers, such asiTunes, before physical copies were made. Target representatives said that the earlier digital availability hurt how well those records would sell at Target stores and that stocking them might cause the corporation to lose money.[210][211]
In January 2017,Minnesota United FC, aMajor League Soccer expansion team debuting for the 2017 season, announced that Target would be the team's front-of-jersey match-kit sponsor, as well as sponsoring MLS overall. This brings one of the largest sponsors in the league, especially for an expansion team making its debut appearance. The team also has an advantage of having a large, well-known hometown brand versus an entity outside the region, in addition to the financial benefits of such a large sponsor.[215]
In 2017, Target announced a series of national, local, and charitable initiatives that mark the retailer's largest-ever push into team sports. Target became an official partner of Major League Soccer in a multiyear deal that includes airtime during MLS broadcasts onUnivision,FOX Sports, andESPN, opportunities for in-stadium experiences, player appearances, and ownership of certain major MLS platforms.[216] Target also announced a $14 million commitment to local youth soccer through two new national initiatives—an $8 million local soccer grant program, and a $6 million partnership with the U.S. Soccer Foundation to build 100 new soccer play spaces by 2020.[217] Target is the official sponsor of 2017[218] and 2018[219] MLS All Star Games.
Target sponsors professionalfreestyle motocross riderNate Adams, pro snowboarder/skateboarderShaun White, pro skateboarderPaul Rodriguez, pro BMX riderMat Hoffman, and pro surferKolohe Andino.[220][221][222]
Target sponsors Motocross and Supercross championRyan Dungey.[citation needed]
Target was a long-time sponsor of theIndyCar andNASCAR racing teams ofChip Ganassi Racing.[223] Target's relationship with Ganassi in IndyCar go back to 1990 when it began sponsoringEddie Cheever. Some of their most famous drivers in the 1990s includeMichael Andretti,Bryan Herta, andArie Luyendyk. In the late 1990s, Target Chip Ganassi Racing had a four-year run of winning championships inCART, winning 1996 withJimmy Vasser, 1997 and 1998 withAlex Zanardi, and 1999 withJuan Pablo Montoya.[224] Ganassi won their firstIndianapolis 500 in 2000. The team moved full-time into the rivalIndy Racing League in 2003,[225] and won in its first year of full-time competition, withScott Dixon, who won the championship again in 2008. The 2009 season marked the 20th anniversary of the Target race program. Franchitti won his second career IndyCar championship, and with Scott Dixon finishing second, gave Target a one-two sweep in the IndyCar series. Dixon and Franchitti won 10 of 17 races (five each) and tied the team record from 1998 when Alex Zanardi and Jimmy Vasser combined to win 10 in the 19-race 1998 CART season. In 2010, Franchitti won the Indianapolis 500. He also won the series championship for the Target team, by five points over second-place finisherWill Power.[226]
In the2002 NASCAR Winston Cup Series season, the No. 41 Chip Ganassi Target car was driven byJimmy Spencer, and from 2003 to 2005,Casey Mears drove the car. In 2006,Reed Sorenson took over the 41 car when Mears moved to a different car on the same team. Sorenson drove the car through the 2008 season, and Target has also had some major sponsorship time on the Ganassi Racing No. 40 car withDario Franchitti andJeremy Mayfield, who subbed for the injured Franchitti. The 40 team has since been shut down. For 2009, the Target sponsorship moved to the No. 42 driven by Juan Pablo Montoya with the newly formedEarnhardt Ganassi Racing.[227] Target also sponsored Earnhardt Ganassi Racing's No. 8 car driven byAric Almirola, which it co-sponsors in some races with other sponsors such asGuitar Hero andTomTom until the team was disbanded in May 2009.Kyle Larson took over the No. 42 car in 2014 and Target sponsored the No. 51 ofPhoenix Racing for Larson'sSprint Cup Series debut.[228]
The Target Chip Ganassi[229] car driven by Dario Franchitti won the94th running of the Indianapolis 500 on Sunday, May 30, 2010.[230]
Target ended its association with IndyCar racing at the end of the 2016 season.[231] In July 2017, Target announced that it would end its sponsorship of Ganassi's NASCAR team at the end of the year.[223]
Target owns the naming rights to theMinnesota Timberwolves' home,Target Center since it first opened in 1990.[232] Additionally, Target purchased the naming rights to theMinnesota Twins' home ballpark,Target Field, for an undisclosed amount. The sponsorship agreement expires in 2035.[233]
Target was the founding sponsor of theWeekend America radio program.[citation needed]
Year | Revenue in mil. US$ | Net Income in mil. US$ | Total Assets in bil. US$ | Employees | Stores |
---|---|---|---|---|---|
2005 | 46,839 | 3,918 | 32,293 | 292,000 | 1,308 |
2006 | 106,839 | 2,408 | 34,995 | 338,000 | 1,397 |
2007 | 59,490 | 2,787 | 37,349 | 352,000 | 1,488 |
2008 | 63,637 | 2,849 | 44,560 | 366,000 | 1,591 |
2009 | 64,948 | 2,214 | 44,106 | 351,000 | 1,682 |
2010 | 65,357 | 2,488 | 44,533 | 351,000 | 1,740 |
2011 | 67,390 | 2,920 | 43,705 | 355,000 | 1,750 |
2012 | 69,865 | 2,929 | 46,630 | 365,000 | 1,763 |
2013 | 73,301 | 2,999 | 48,163 | 361,000 | 1,778 |
2014 | 71,279 | 1,971 | 44,553 | 366,000 | 1,917 |
2015 | 72,618 | 1,636 | 41,172 | 347,000 | 1,790 |
2016 | 73,785 | 3,363 | 40,262 | 341,000 | 1,792 |
2017 | 69,495 | 2,737 | 37,431 | 323,000 | 1,802 |
2018 | 71,879 | 2,934 | 38,999 | 345,000 | 1,822 |
2019 | 75,356 | 2,937 | 41,290 | 360,000 | 1,851 |
2020 | 78,112 | 3,281 | 42,779 | 368,000 | 1,904 |
2021 | 93,561 | 4,368 | 50,471 | 401,000 | 1,909 |
2022 | 106,005 | 6,946 | 53,811 | 450,000 | 1,926 |
2023 | 109,120 | 2,780 | 53,335 | 440,000 | 1,948 |
Target Corporation reported TotalCO2e emissions (Direct + Indirect) for the twelve months ending December 31, 2020, at 2,192 Kt (−241 /-9.9%y-o-y).[235] There has been a consistent declining trend in reported emissions since 2016.[citation needed]
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 |
---|---|---|---|
2,643[236] | 2,592[237] | 2,433[238] | 2,192[235] |
Target ... raised its minimum pay rate in April 2015 to $9 an hour, up from the federal minimum wage of $7.25 per hour at the time.