Target Evaluation

Target Evaluation - Target 1 Target Evaluation Target...

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Target, also known as Target Corporation, is a retail company that is located through the United States. It was founded under the name of Dayton Dry Goods Company in 1902 in Minnesota. Target has been in business for over 100 years. In 1962, the very first Target store was opened in Roseville, Minnesota. Eventually in the year 2000, the company changed its name from Dayton Hudson to Target. Although Target is located in the United States, it is rated the fifth largest retailer by sales and revenue based on the United States stores (Wikipedia). They are fifth behind Walmart, Home Depot, and other stores. Unlike Walmart, Target operates primarily in the United States, and has competition with Kmart and Walmart. Just like Walmart, Target has experiences some criticism as well with community groups and workers. These similarities are called “Walmartizations”. Nonetheless, Target has done well. Target continues to welcome diversity with different employees of different age, style, race, and more. Target has also one well for publicly recognizing domestic partnerships. As stated by Wikipedia, “Target Corporation was named one of the "100 Best Companies for Working Mothers" in 2004 by Working Mother.” (Wikipedia) Throughout the years, Target has stayed strong and is still finding creative ways to stay at the top for many years to come. Just looking at the numbers for 2007 and 2006 it is obvious that this company has done a decent job despite a crumbling economy and gas prices. There was an increase in positive areas in comparison to each year. The economic crisis that is happening in the United States has put the airline industry in a difficult predicament. This is especially because of the rise in gas and oil prices, the fuel that these aircrafts use. Profit numbers have increased fairly well in comparison to the previous years profits. Compared to 2006, Target has gained 1.9 million dollars in net income. In 2007 Target had earned 4.1 Target 2
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million dollars in net income compared to 2006 where a total of 2.2 billion dollars were earned. Target sales and revenue went up as well from 61.5 million in 2006 to 66.4 million in 2007. Of course with these increases, the shareholder’s value went up as well from a 52 week low of 36.17 per share in 2006 to 94.60 per share in 2007. For Target it was definitely a good year overall. Although the 2008 numbers are not out yet, it is safe to say that because of the current economic slump and gas price increases that we can
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This note was uploaded on 12/30/2009 for the course QWE 65 taught by Professor Qasd during the Spring '09 term at University of Phoenix.

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Target Evaluation - Target 1 Target Evaluation Target...

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