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Target Executive Summary

1626 Words7 Pages

Section A: Business Overview

1) Target’s 10k report for the Fiscal Year ending January, 28th 2017. https://www.sec.gov/Archives/edgar/data/27419/000002741917000008/tgt-20170128x10k.htm 2) Target first opened its doors in 1902 in the suburbs of Minneapolis, Minnesota and has since grown to 1,828 locations across the United Sates. In addition to their physical locations, Target is now available to more than 200 countries and territories on their website, http://www.target.com/. This discount retail store provides a wide range of merchandise varying from groceries to home goods and attire in addition to many exclusive brands and collaborations. With more than 300,000 employees worldwide and 40 distribution centers in the United Sates, Target …show more content…

In additional to their own brands, Target has collaborated with many companies to form 11 exclusive brands. These 33 Target-exclusive brands have proved their distinction from the rest of the market works and made up approximately one-third of their 2016 sales.
Another risk that Target must assume is political and financial instability, particularly the United States’ relationship with China and their trade policy. Since a large portion of Target’s products is sourced from China, changes in tax and trade relations can adversely affect their pricing of merchandise and net revenues. Target can also be significantly impacted by changes in taxation laws (both corporation and public), labor unrest, and natural disasters. Another big risk Target must assume is data security and privacy risks. In the end of 2013, Target experienced a massive data breach that greatly impacted their reputation among customers. Any additional breaches within the company could cause even greater scrutiny of the company. The company could also be in danger of government intervention and private litigation if they fail to detect and appropriately respond to future breaches. Target must maintain the customers’ confidence of the company’s ability to protect information or they could lose a huge portion of the …show more content…

The declines in sales and revenues were extremely concerning to me until I read into the sale of the pharmacies to CVS. I agree that Target is extremely reliant on their reputation to differentiate themselves from competitors and I think Target has maintained a generally positive reputation this year. The amount of debt Target reported on this 10k did worry me a little bit, but I think there are a lot of great ways for Target to invest in their company such as; opening more stores around the world, improving distribution centers, forming more exclusive brands. I think Target is a great company that treats their employees well, has kept up with current trends, and has greatly improved their online domain for sales, opening their doors to residents around the world. I probably will invest in Target after this Holiday season when their stock price drops a

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Below is the project balance sheet for Target Corporation in 2016 (in millions). Target 2016 Assets Current Assets Cash 2,512 Net Receivables 749 Inventories 8,309 Other Current Assets 144 Total Current Assets

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With more than 9,600 stores, the chain currently holds a market share of 23.9% (Feroldi, 2016). Importantly, CVS's market share actually grew by 245 basis points recently, thanks to last year's $1.9 billion purchase of Target's pharmacy and clinic business, a move that expanded its retail footprint count by more than 20% (Feroldi, 2016). Its size and expansion strategy are two important aspects that make the company more valuable. Although retailers in general have been under pressure in recent years from e-commerce threats, CVS Health's retail stores are well-positioned to continue to success. The company's network of in-store clinics offer basic medical services to treat minor diseases, something that e-commerce cannot match.

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The reason for this decline may be because of its newest competitor, Amazon. Online retailers have became much more popular in recent years, and Target is starting to lose one of the few remaining competitive advantages that they had (Lam 2017). It also may have declined based on the boycott initiated by customers for political reasons. There was a lot of controversy around Target’s new bathroom policy that was implemented for transgender individuals. There has been a report that revenue has diminished, because they thought Target was becoming too “political”, and they decided to shop in other department stores (Steward

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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

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Financial statements are an important part of any business. They provide an overview of a companies’ financial health and standings by accurately analyzing an organization’s balance sheet, income, cash flow, and equity statements. Furthermore, the accuracy of these documents permits companies to make important decisions concerning future investments, planning and forecasting. For this essay, I will break down Target’s 2016 financial statement to research their inventory method and why it fits their business model. Additionally, I will determine their net purchases by using the cost of goods formula and finally I will calculate their inventory turnover and days sales inventory in comparison to Kohl’s corporation.

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Target Corporation is the second largest discount retailer store in the United States. Target headquarter is in Minneapolis, Minnesota. Target started in the 1970’s, it began expanding the store nationwide in the 1980’s. Target sell high quality, on trend assortment of general merchandise, electronics, clothing, and food at attractive prices in clean, spacious, and guest friendly environment. Currently Target operates around 1,834 stores throughout the United States and employed over 341,000 both full and part time employees in 2016.

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In December 2013, about a hundred and ten million people’s personal information had been compromised, because of a data breach in Target’s systems. The information included names, phone numbers, email, mailing addresses, and credit/debit card information. Target’s data breach had happened between November 27 and December 15, although they not known about the breach until several weeks later. Almost every Target customer has a debit or credit card, which contains their information that is stored on the magnetic stripes located on the back of the card. The attackers made their way into Target’s systems by taking over a third-party vendor, which happen to be Fazio Mechanical, a refrigeration contractor.

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To achieve anew kind of stores, a quality store with quality merchandise at discount prices, and a discount supermarket in all stores. Mission Components of a mission statement: Customers: for men and women of all ages and nationalities Products or Services: Our mission is to provide products and services at reasonable prices and will continue to improve high quality of products Markets: in the USA Technology: By using the newest technology research capabilities Consumers have been conveniently provided not only with the use of on-line shopping. Concern for survival, growth, and profitability:   The growth of target is sustainable because we offer high quality product and low price

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A bankrupt Target is leaving Canada with its tail between its legs. This is after consumers weren’t provided the service they expected and at a much higher price than expected. There is a man representing Target and their mascot, a dog. It’s shows how Canadians reacted to Target coming to Canada with their unexpectedly poor service and high prices. You see this from the Canadian arrows sticking out of his back as he leaves.

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I. Strengths of TARGET Corporation Target Corporation is one of the largest and oldest public discount retailing company operate in the United States. The company founded in 1902’s by George Dayton (as also known as Dayton Dry Goods in 1962’s). Target store has a huge store footprint and enjoys considerable brand recognition. Target’s portfolio of owned and exclusive brands is also its strength, which allow retailer to a valuable differentiating lover in high competitive retail environment.

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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

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In order for Target to keep customer satisfaction high, they need to keep the number customer being injured or harmed inside the store to a minimum. They also need to make sure the products it sells inside their stores do not harm customers. This risk management work will lay the foundation for the risk evaluation of new products being sold inside the store. Target will also create a process to respond to alerts from manufacturers that there is a potential risk to customer

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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

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2. Customers: As the recession hit, unemployment rose and people started becoming more responsible with money, the consumer priority changed. Since Target was known for style, fashionable in slightly higher price, in the end, they hurt themselves. Target should have done a lot better of a job in providing customer

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