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The retailer and grocer is the fifth-largest employer among Fortune 500 companies. While it operates nearly 2,000 U.S. stores, about 18% of its sales now originate online.

  • As consumers pulled back on discretionary spending in 2022, Target found itself with an inventory surplus that pushed it to slash prices. Partly as a result, profits fell 60% from fiscal year 2021, to $2.8 billion.

  • After the U.S. Supreme Court’s June 2022 decision overturning Roe v. Wade, Target was among the companies declaring they would pay for employees to travel out of state to access abortion services if necessary. That announcement drew blowback from conservatives. On another culture-war front, Target’s decision in May 2023 to move Pride-themed merchandise to less prominent positions in some stores, in response to threats and angry reactions from customers, was sharply criticized by LGBTQ+ rights activists.

  • Ticker:TGT
  • Company type:Public
  • Revenues ($M):$106,888
  • Profits ($M):$3,632
  • Market value ($M):$63,774
  • Number of employees:440,000

Figures are for the latest twelve months ended Oct. 31, 2023. Market value as of Jan. 19, 2024. Source: S&P Global.

Target stock chart

Target in Fortune Rankings

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