ipl-logo

Target Corporation Executive Summary

545 Words3 Pages

Target Corporation (NYSE: TGT) today announced plans to open a new Health and Wellness Department (HWD), available in all stores by June 1, 2018. This pilot program will provide health related products and programs to registered customers at a discounted cost based on their income. According to CEO, Brian Cornell, “we are very proud of this announcement as it will provide positive approaches to healthcare and contribute to the overall wellbeing of the 1,828 communities Target serves. Parents will have the resources they need to care for their children and teach them the importance of health at a young age, with easy access and at a low cost.” As stated in the Target Corporate Fact Sheet, the average household income for Target shoppers …show more content…

Customers with an income greater than $120,000 are not eligible for enrollment. Cornell further stated, “It is no secret that many people cannot afford to pay for their prescriptions at the pharmacy. Even with health insurance that includes a prescription drug benefit, the copayments alone can be a prohibitive. We designed this program to reduce the need for expensive health insurance and generate more competition in prescription drugs.” According to the Gallup-Sharecare Well-Being Index, 28 million Americans are uninsured. These citizens will have access to more affordable healthcare products and services at Target. Customers will register for the program in-store and provide their Social Security number. Target ascertains customer’s income from Internal Revenue Service (IRS) records. Target will pay a fee to the IRS for each transaction and an annual fee for access to records. The company will receive tax credit for discounted

Show More
Related
1330 Words | 6 Pages

Introduction Target Inc. is a multinational corporation that runs its operations in the United States of America. The area of specialization for the organization is retailing where it comes second after Walmart in running retail operations within the US. The organization has been in operation since 1902 where it was known as the Good Fellow Dry Goods. Over time, the organization has changed operations and tactics all that have seen it rebrand to Dayton's Dry Goods, and until recently, the organization rebranded to Target Corporation. The organization mainly runs its operations within the US through a given number of department stores chains which include Marshall Field's, Dayton's, and Hudson's as well as Mervyns'.

Read More
227 Words | 1 Pages

Target Corporation (TGT) is an international general merchandise and grocery retailer founded in Minneapolis, Minnesota that works to ensure that the customer is provided with the opportunity to purchase a wide variety of goods such as household products, electronics, pharmacy, personal care products, grocery goods, clothing apparel, and sporting goods in order to achieve customer satisfaction at a discounted price in order to remain competitive within the industry. The primary goal for Target is to overcome their various competitors within the industry in order to generate profit through continuous innovation and delivering outstanding value at each Target location in order to be the preferred shopping destination amongst the customer. In

Read More
809 Words | 4 Pages

Target Corp. sells both items produced by other companies as well as sells items they have produced themselves. Target only sells the products they produce in their stores so they don’t have to worry about filling orders for other companies or be worried about demand from another company decrease. They are in control of their own supply and only have to worry about their own stores and the supply needed in house. While Target does produce some of their own goods, I would say their product or service is the shopping experience. Target Corp wants the consumers to choose them over all the other options there are out there that may offer similar products.

Read More
367 Words | 2 Pages

Even the shareholders of the company are large corporation owners themselves and are in activist groups. Overall, Target Corporation has not had many financial

Read More
866 Words | 4 Pages

Target Corporation is the second largest discount store retailer in the United States following Walmart. Target provides high-quality, trendy merchandise at logical prices. As of today, Target has more than 1800 retail stores and 38 distribution centers in the United States. The first official store was opened in 1962 in Roseville Minnesota and have thrived every since. I will be analyzing Target’s financial statements and communicating the results to our decision makers (Target 2017).

Read More
1175 Words | 5 Pages

Due to new technology and online purchasing, the way in which Target does business has changed dramatically. Consumers have changed their preferences on buying. Sitting on our couch and buying online while we watch our favorite T.V. show, is easier and cheaper than having

Read More
141 Words | 1 Pages

“In fifty-seven years, Target has grown into a multi-billion-dollar retail store” (Target

Read More
292 Words | 2 Pages

A large portion of the assets on the balance sheet comes from the fact that Target owns a large majority of their stores and distribution centers. Out of 1,792 stores, Target owns 1,537 of the locations across the U.S. Their largest footprint can be felt in California (272 stores) and Texas (148 stores). In March 2013, Target opened its first store in Canada and was operating 133 Canadian stores by 2015. Target Canada is now recognized as being notoriously unsuccessful due to an aggressive expansion program that included higher priced items and less selection compared to Target in the United States. As of January 15, 2015, Target Canada Co. and certain other wholly owned subsidiaries of Target, filed for protection under the CCAA with the

Read More
560 Words | 3 Pages

They have done so by setting up customer assistance phones throughout the store where a customer can simply pick up the phone and a customer service employee will immediately arrive at the location to answer any questions. Although, other stores also implement this strategy, Target’s employees share their knowledge base with each other that sets them apart from other retailers. The way they are able to do this is that each employee carries a radio that is used to communicate with their staff within the store very effectively. This way, an employee can easily answer customer’s question, even if he or she does not know the answer

Read More
1078 Words | 5 Pages

This includes employer sponsored insurance, private insurance, and government programs such as Medicaid, Medicare and CHIP (Children's Health Insurance Program). Below are some of the ways in which low income Americans can access coverage that complies with

Read More
1172 Words | 5 Pages

Target has over 1,700 locations as of 2016 and it has 341,000 employees. This retail company offers clothing and accessories, beauty and health products, electronic, furniture, food, gardening and pet supplies, toys, appliances, and more. TASK 1A (P1.1) Target Corporation is a public company. This type of organization means that Target has the permission to sell its registered securities

Read More
525 Words | 3 Pages

Background The Affordable Care Act (ACA) is officially referred to as the Patient Protection and Affordable Care Act was enacted into law on March 23, 2010. It is estimated that prior to the enactment of the ACA, 44% or 81 million people between the ages 19-64 were either uninsured or underinsured in the United States (Schoen, Doty, Robertson, & Collins, 2011). The populations most likely to be uninsured or underinsured are individuals with earning between 133-200 % below the established federal poverty guidelines (Schoen et al., 2011). Consequently, 80% of individuals with earning under $20,000-$39,999 were uninsured or underinsured (Schoen et al., 2011).

Read More
238 Words | 1 Pages

In the United States, many people are without health care insurance due to having a financial crisis. Most elderly, the disabled, and lower-income families can contest to being without health care coverage at all. Not being able to afford or have healthcare insurance occurs because medical insurance is very costly. Selecting the right health care insurance can greatly impact a person life expectancy. With the help of government support programs, many people can have the choice of healthcare insurance.

Read More
2091 Words | 9 Pages

Since Target Corporation is accessible in different places around the world, changes in rules and regulations of different countries it operates might impact on Target’s performance. It may also cause additional costs and expenses. this is associated especially to health, security and business laws. On social environment, Target annually do volunteering. They have a Target Books for School Award which allows them to give away $500 worth of books to local

Read More
631 Words | 3 Pages

Despite the honorable motives of health care, patients seeking treatment are faced with a convoluted system to navigate through, this being primarily true for those that are financially burdened. In the U.S. in 2016, there were approximately 27-28 million people who did not have health insurance, a majority saying they could not afford it. Before the Affordable Care Act under President Obama, there were an estimated 41 million people without

Read More

More about Target Corporation Executive Summary

Related Topics

Open Document