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Target Corporation (NYSE: TGT) consistently ranks as one of the top 10 largest retailers in the United States. Currently, Target stands as the second largest retailer behind Wal-Mart and the online e-commerce site is one of the most-visited shopping websites on the Internet. Target corporate office is located in Minneapolis, Minnesota. Target operates over 1,800 brick-and-mortar stores in all 50 U.S. states and employs more than 300,000 people across its various in-store and e-commerce positions. The company stocks both hardline and softline merchandise including clothing, home goods, beauty products, toys, electronics, seasonal items, and grocery items. Target offers a credit card to qualified applicants, known as the Target REDcard with a shopping discount of 5%.
Target Corporation was ranked as #38 on Fortune’s “World’s Most Admired Companies of 2018” and #31 of Barron’s “100 Most Sustainable Companies”. Target is also repeatedly recognized as one of the most philanthropic companies in the United States. Target corporate office oversees an estimated yearly revenue of over $71 billion and net income of $2.93 billion. Target Corporation is a component of the S&P 500 Index.
History of Target Corporation
Target Founder George Dayton stepped in to help rebuild his parish, Westminster Presbyterian Church, which had burned down during the Panic of 1893 in Minneapolis, Minnesota. The church sold Dayton an empty building lot adjacent to their location; funds from this sale rebuilt the church and Dayton constructed a six-story building on his property. Today, the Target corporate office operates a short distance from its original founding location.
In 1902, the Reuben Simon Goodfellow Company moved into Dayton’s new building. A short time later Dayton purchased the interest in the store and renamed it the Dayton Dry Goods Company in 1903. The purpose of the store – affordable prices in a convenient location – remains the company mantra to this day. The name was shortened to Dayton Company in 1910. Right before the Wall Street Crash of 1929, Dayton Company acquired the J.B. Hudson & Son jewelry business; it was the success of the Dayton Company that kept the jewelry line afloat during the Great Depression. Upon Dayton’s death in 1938, his son Nelson succeeded as President of the $14 million business. Nelson’s son Donald took over the company when Nelson died in 1950 and acquired the Lipman’s department store. Throughout the 1960s and 1970s, the company continued purchasing businesses such as jewelers, booksellers, and other department stores to add to their retinue. Some of these companies continued to operate under their original names while others were reorganized into subsidiaries.
Creating the Modern-Day Target
The first upscale discount store named “Target” opened in Roseville, Minnesota in 1962. In 1967 and 1969, the Dayton Company merged with Detroit-based company J.L. Hudson and renamed itself the Dayton-Hudson Corporation and went public. The company subsequently became the 14th largest retailer in the United States. By the 1970s, Target was reaching $200 million in sales and became the highest-earning company under the Dayton-Hudson umbrella. By 1980, 80 Target stores existed in 11 states with demand growing for more locations. In January 2000, the Dayton-Hudson Company was officially renamed Target Corporation. Today, Target remains one of the most popular and best-loved discount retailers with stores in all 50 states. Target Corporation has also expanded into grocery and fresh food with the emergence of “SuperTargets”, often with their own private brands and locally resourced options.
Target Corporation boasts many popular private brands amongst its hardline and softline offerings. Target corporate office executives oversee the purchasing and merchandising of these brands. There are 39 distribution centers across the United States, directly supplying Target stores with their private brands.
Target Corporate Office Affairs and Responsibilities
Brian Cornell replaced Gregg Steinhafel as CEO and Chairman of Target in August 2014. Cornell has brought a hands-on and localized approach to Target corporate office headquarters. Mr. Cornell is known for visiting Target stores and speaking directly to customers (known as guests) and team members about their Target experiences. The major responsibilities of the CEO and other Executive Leaders of the Target corporate office is to manage the smooth day-to-day operations of the organization. The corporate office makes the major decisions and is the communication center for the company.
Two teams make up the leadership of Target Corporation: Executive Leadership and Board of Directors. Target corporate office is comprised of the following key leaders.
Target corporate office boasts a diversity initiative, “All Together Target”, which works with contractors and vendors owned by women and/or minorities. Target corporate office has received a score of 100 on the Human Rights Campaign Corporate Equality Index Score. Four members of the 11-person Executive Leadership Board are women; four members are people of color.
Target is one of the most philanthropic companies in the United States. Target corporate office has donated around 5% of pre-tax operating profit back to communities in which their stores operate; this tradition began in 1946 and continues today. Percentages of charges from the Target REDcard are donated to schools of the cardholder’s choice; they have donated over $150 million to schools through this program. Target corporate office headquarters spearheaded a $27 million campaign for St. Jude’s Research Hospital in Memphis, Tennessee. Target also donates unused, returned, and seasonal merchandise to Goodwill. Throughout its existence, Target has also been a supporter and financial benefactor for relief efforts, notably the September 11 attacks, 2004 South Asia tsunami, Hurricane Katrina, and Hurricane Michael. In affected areas, Target corporate office has also directed that stores be used as command centers for relief organizations.
The Target Bullseye logo is easily identifiable and noticeable. The original red-and-white Bullseye logo was created in 1962 and updated in 1968; the updated version has been in use ever since with only minor adjustments for the Target name and font. Bullseye the dog is a miniature bull terrier and the official mascot of Target. Bullseye is used in various marketing campaigns, signage, and commercials. Bullseye was also one of the first animals ever immortalized by Madame Tussauds Wax Museum in New York! An 8-foot portrait of Bullseye hangs at Target corporate office headquarters, painted in 2004 by American artist Amy Brazil.
Target Corporate Office Headquarters Contact
Target corporate offices are located in Minneapolis, Minnesota in the Nicollet Mall, close to its original founding location. The Target corporate office headquarters consists of Target Plaza North (14 stories) and Target Plaza South (32 stories) with over one million square feet of office space and 6,000 employees.
Direct Contact Information
Multiple methods of communication are available for contacting Target corporate office headquarters. Target corporate offices strive to answer all communications within a reasonable time frame to best serve their customers.
Social Media Contact and Interaction
There are many ways to contact Target corporate office headquarters, whether it be by mail, email, or phone. Online agents are also available via Target websites and customer service members in physical stores. Each Target store has its own phone number for local calls and specific questions. Over the years Target has earned a reputation for being a transparent company with high expectations for its leadership and team members. Target continues to separate itself from the competition by offering higher-quality goods at competitively lower prices. Target Corporation has been a member of the Better Business Bureau since 1980 with a BBB ranking of A+. They are a local BBB member in good standing of Minnesota and North Dakota.