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Global 500

Photograph by Joe Scarnici — Getty Images for Target

97

Target

TGT

U.S.

Target is in the midst of an improbable renaissance, winning back shoppers at one of the toughest times in recent retail history. The retailer has been focusing on what it does best: a better selection of merchandise that is hip yet affordable, which is the past is what has draw shoppers away from Walmart. It is also pouring billions into its e-commerce business, outpacing both Amazon and Walmart in terms of growth. At the same time, Target has partnered with such organizations as MIT and Curbside, trying to get in front of where retail is heading. Still, Target’s reset of its food business, initially planned to be unveiled in 2016, hit a speed bump as the retailer tries to find a niche in the more crowded grocery space. Nonetheless, with its Canada misadventure well behind it, and sales rising, Target is flush with money to keep experimenting and reinventing itself for the new retail era.

CEO

Brian C. Cornell

Sector

Retailing

Industry

General Merchandisers

HQ Location

Minneapolis, MN

Employees

341,000

Years on Global 500 List

22

Figures are for fiscal year ended Jan. 31, 2016.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$73,785-1.0%
Profits ($M)$3,363
Assets ($M)$40,262
Total Stockholder Equity ($M)$12,957
Profit Ratios
Profit as % of Revenues4.6%
Profits as % of Assets8.4%
Profits as % of Stockholder Equity26.0%
STOCK QUOTE
()0.00 0.00 (0)
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  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

Videos about Target

The First Outsider to Take the Target CEO Position

Target usually hires from within the company.

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Target CEO’s Plan to Keep the Stores Open

Brian Cornell is leading a three-year $7 billion turnaround plan.

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Target's CEO: Don't Innovate Just For Innovation's Sake

Brian Cornell, CEO of Target, is making sure the company stays on track.

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