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Target's Physical Assets And Monetary Values

1248 words - 5 pages

Physical AssetsTarget Corporation was founded in Minneapolice, Minnesota in 1902 as the Dayton Dry Goods Co. In 1962, the first Target store was opened in Roseville, Minnesota. It is the sixth-largest retailer in the United States. It is also ranked the 29th on the 2006 Fortune 500. It sells more gift cards than any other retailer in the U.S. and is also the third-largest seller of music in the United States.Target is a chain of discount department stores that are about 95,000 to 135,000 square feet and carries hardlines ("regular" products and goods), softlines (clothing), and a limited amount of groceries, usually non-perishable. Target stores carry clothing, shoes, jewelry, health and beauty products, electronics, compact discs, DVDs, bedding, kitchen supplies, sporting goods, toys, pet supplies, automotive supplies, hardware supplies, pharmacies, and food (Wikipedia. 2006). They also carry seasonal merchandise such as patio furniture during the summer and Christmas decorations during November and December. Many stores may also have one-hour photo processing, portrait studio, an optical store, pharmacy, and garden center.Target Corporation's discount retail chain in the United States has 1,494 stores in all states except for Alaska, Vermont, and Hawaii that operate under the mastheads of Target, Target Greatland, and SuperTarget. The chain was founded by Douglas J. Dayton and John Geisse, and the first Target store "T-1" opened on May 1, 1962 in Roseville, Minnesota. That store was closed and demolished on January 8, 2005 to make room for a SuperTarget, which opened on October 9 of the same year. Target Corporation has aggressive plans to have 2,010 stores open by the year 2010. Target Corporation currently operates 25 distribution centers across the United States. Target opened two new distribution centers in 2006 (Railto, CA and DeKalb, IL) to support the growth of its stores. Target stores tend to attract younger, more educated and affluent customers than its competitors. Currently, the median Target shopper is 41 years old, which is the youngest of all major discount retailers that Target competes directly against. The median household income of Target's customer base is roughly $58,000 USD. Roughly eighty percent of Target customers are female, and about 43 percent have children at home. About eighty percent have attended college and 43 percent have completed college. Target partners with well-established national brands to create exclusive collections for its stores (Wikipedia. 2006).Target has optimized organizational resources for effectiveness and efficiency in both assets as well as their employees. Target Corporation has been active in supporting good corporate governance practices for decades. Many of the practices and policies that guide the company today were initiated more than 50 years ago by the Dayton brothers, during their tenure as the company's leaders. Target has strong beliefs about the elements that constitute good...

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