The Sales of Target Corporation in United States of America reached USD 89,812.41 Million in 2020
The indicator recorded a historical growth (CAGR) of 6.10% between 2017 to 2020
Online retail in the United States
The value of the US online retail sector grew by significant number in 2020, as a result of the COVID-19 pandemic, with increased demand driven by a shift of consumption from the offline retail channel. The market is expected to follow a decelerating but strong growth trajectory over the rest of the forecast period, consequent to a slower increase in the penetration of online shopping and the recovery of consumption in the offline retail sector.
Business description
Target Corp (Target) is a retailer of general merchandise and food products. The company’s product portfolio comprises baby and beauty products, clothing, electronic equipment, furniture, grocery, home and pet products, school and office supplies, shoes, sports and outdoor products, toys, and sports equipment. Target also offers optical clinics and other amenities, home delivery, photo printing service, rewards, and gift card services. The company leases certain retail stores, warehouses, office space, distribution centers, land, and equipment.
Hardlines include electronics such as video game hardware and software, sporting goods, toys entertainment and luggage. Home Furnishings and Decor category includes furniture, lighting, kitchenware, small appliances, home decor, greeting cards, bed and bath, school and office supplies, home improvement, party supplies, and seasonal merchandise.
Products & services
Target is a retailer of general merchandise and food items. The company's major products, services, and brands include the following:
Products
Services
Corporate strategy
Target strives to enhance its industry-leading same-day services by providing an assortment of adult beverage and fresh grocery items. The company focuses on remodeling its store network across the globe. In line with its remodel program, the company remodeled many stores in the end of 2020 and is planning to remodel more stores by the end of 2021.
The company plans to accelerate new store openings and store remodels, enhance fulfilment services, and strengthen its supply chain to provide its guests with an easy, safe, and convenient shopping experience.
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
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