Target Corporation (NYSE: TGT)

Discount Stores · Minneapolis, MN, United States · Founded 1902

$60.0B

Market Cap

$72.62B

Revenue

440,000

Employees

$3.71B

Net Income

📊 Key Statistics for Target Corporation (TGT)

Market capitalization: $60.0 billion
Annual revenue: $72.62 billion
Net income: $3.71 billion
Employees: 440,000
Sector: Consumer Defensive
Headquarters: Minneapolis, United States
Founded: 1902

Source: Statvoo company profile for Target Corporation. Browse all 500+ companies

📋 About Target Corporation

Target operates about 1,960 stores across all 50 U.S. states, generating roughly $107 billion in annual revenue. The company has carved out a unique position as the "cheap chic" retailer — more stylish than Walmart, more affordable than department stores. Target's private-label brands (Good & Gather, All in Motion, Threshold) generate over $30 billion in annual sales. Same-day fulfillment services (Drive Up, Order Pickup, Shipt) now account for a significant share of digital sales.

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💰 How Target Corporation Makes Money

Mass-market retail across five core categories: apparel and accessories, beauty and household essentials, food and beverage, hardlines (electronics, toys), and home furnishings. Private-label brands carry higher margins than national brands. The stores-as-hubs fulfillment model uses existing locations for e-commerce fulfillment, keeping delivery costs lower than pure-play e-commerce competitors.

📜 Key Milestones

The Dayton Company opened the first Target store in Roseville, Minnesota in 1962 — the same year Walmart and Kmart launched. The company renamed itself Target Corporation in 2000, fully embracing the discount format. Target's 2013 data breach exposed 40 million credit card numbers and was a watershed moment for retail cybersecurity. CEO Brian Cornell has led since 2014, driving the stores-as-hubs strategy.

📊 Financial Overview

Market Capitalization	$60.0B
Annual Revenue	$72.62B
Net Income	$3.71B
Profit Margin	5%
Revenue per Employee	$165045K
Stock Exchange	NYSE
Ticker Symbol	TGT

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

Target's designer collaboration model (Isaac Mizrahi, Missoni, Lilly Pulitzer) pioneered the concept of "masstige" — prestige brands at mass-market prices. The 2013 data breach cost Target over $300 million in settlements and remediation. Target's Drive Up service — where employees bring orders to your car — went from a small pilot to billions in sales in just a few years, accelerated by COVID.

📝 Analyst Take

Target's discretionary mix (apparel, home) makes it more cyclically sensitive than Walmart, and the consumer spending pullback has hurt. But the brand positioning and fulfillment capabilities are strong — this is a buy-the-dip story when consumer confidence recovers.

❓ Frequently Asked Questions