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  • Previous Rank97
  • Revenues ($M)$69,495
  • Revenue Percent Change-5.8%
  • Profits ($M)$2,737
  • Profits Percent Change-18.6%
  • Assets ($M)$37,431
  • Employees323,000

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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Company Information

CEO
Brian C. Cornell
Sector
Retailing
Industry
General Merchandisers
HQ Location
Minneapolis, MN
Websitehttp://www.target.com
Years on Global 500 List23
Employees323,000
Figures are for fiscal year ended Jan. 31, 2017.

Target Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$69,495-5.8%
Profits ($M)$2,737-18.6%
Assets ($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%