![]() ![]() The company is locking up more items to help mitigate shoplifting. Pharmacy and Clinic Business Acquisition: CVS Health acquired Target’s pharmacy and clinic businesses for a substantial $1.9 billion, underscoring the value and impact of healthcare services within the retail landscape.Target shoppers say they’re getting frustrated while trying to fill up their carts with things like toothpaste and razors.This diverse brand portfolio contributes significantly to the store’s overall success. Strong Portfolio of Brands: Target’s strength in branding is evident, with 10 of its owned brands generating annual sales surpassing $1 billion.This approach enhances convenience for customers seeking both medical services and everyday shopping. Healthcare Services: Target combines retail with healthcare by providing 1,672 pharmacies and 79 clinics within its stores.This unique approach showcases Target’s commitment to creating a family-friendly atmosphere. Engaging the Youngest Shoppers: SuperTarget stores create a delightful experience for children by handing out an impressive average of 25-50,000 cookies weekly.This brand launch emphasizes Target’s dedication to providing high-quality, affordable options to its customers. Good & Gather Product Launch: Target’s product offerings continue to expand, with the launch of Good & Gather featuring 650 products in September 2019.This global outreach signifies the brand’s commitment to providing an accessible shopping experience to customers around the world. Global E-Commerce Reach: Target’s online presence extends beyond borders, as it has shipped to 108 countries through.Educational Attainment: A substantial 57% of Target customers have completed college, reflecting the brand’s appeal to an educated consumer demographic.This statistic underscores the store’s role as a destination catering to families’ diverse shopping needs. Parental Presence: A notable 43% of Target customers are parents.This figure underscores the store’s ability to serve a wide spectrum of consumers. Household Income Profile: Target’s customer base spans a range of income levels, with the median household income of shoppers noted at $64,000.This statistic highlights the platform’s ability to cater to diverse shopper preferences. Gender Distribution on : Online engagement with skews towards female users, with 63% of visitors being female.This demographic diversity reflects the store’s appeal to individuals of varying ages. Customer Demographics: Target has a broad customer base, with the median age of a typical customer recorded at 40 years old.This significant figure underscores the app’s contribution to shoppers’ financial well-being. Savings Through Cartwheel: The impact of the Cartwheel app is substantial, with users saving an impressive $600 million using the app’s discounts and promotions.This app empowers shoppers to access discounts and savings while enhancing their shopping experience at Target stores. ![]() Cartwheel App Popularity: With a robust user base, the Cartwheel mobile app has garnered approximately 27 million users.These centers play a pivotal role in efficiently supplying Target stores with a diverse array of products and merchandise. Nationwide Distribution Centers: Target boasts an extensive logistics network, comprising 39 distribution centers across the United States.2019 – Target launches their Good & Gather brand.2013 – Target is victim to a major data breach.2000 – Dayton-Hudson Corp changes its name to Target Corporation.1999 – Bullseye (the dog) became the Target mascot.1986 – B Dalton is sold to Barnes & Noble.1966 – B.Dalton Bookseller opens as another subsidiary of the Dayton Company.1962 – The Dayton Company opens the first Target.1903 – Goodfellows Department Store is purchased by George Dayton and renamed Dayton Dry Goods.They are a force to recon with in the brick and mortar retail market, as well as the digital retail world as they adopted digital early on and have invested considerably in digital integration throughout this decade, setting them up to be able to remain competitive as digital monsters like Amazon swallow up retailers that were late to the digital game. Target’s footprint in the US is vast with more than 1,900 domestic stores and close to 450,000 employees. It then evolved to Dayton’s Dry Goods to Dayton Company to Dayton-Hudson Corporation and then the Target Corporation in 2000. Target actually trace back to 1902, when it began as Goodfellow Dry Goods. They are currently the number two discount store in the US (behind Walmart), but their roots go back much further than many of you might think. The Target corporation is an interesting company to study and measure. ![]()
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