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Global 500

Pat Greenhouse — Boston Globe via Getty Images

107

Target

TGT

U.S.

Target has grown its digital sales almost 30% annually over the past two years, a rate it claims surpasses the rest of the retail industry. It turns out that hasn’t been enough to keep up with the ways that consumers have shifted their shopping behavior to the web. Revenue declined nearly 6% last year, in large part because of the sale of its pharmacy business to CVS. The company has said it will invest $7 billion over the next three years to beef up its digital operations, freshen up existing stores, and open more small outlets that give the company a presence in urban areas. CEO Brian Cornell also worked to revamp the company’s food business as well as launch new brands like Cat & Jack and Pillowfort–labels for kids that have so far been big hits.

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CEO

Brian C. Cornell

Sector

Retailing

Industry

General Merchandisers

HQ Location

Minneapolis, MN

Years on Global 500 List

23

Employees

323,000

Figures are for fiscal year ended Jan. 31, 2017.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$69,495-5.8%
Profits ($M)$2,737.0-18.6%
Assets ($M)$37,431
Total Stockholder Equity ($M)$10,953
Profit Ratios
Profit as % of Revenues3.9%
Profits as % of Assets7.3%
Profits as % of Stockholder Equity25.0%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • 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

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