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39 - Target

Mandatory Credit: Photo by MICHAEL REYNOLDS/EPA-EFE/REX/Shutterstock (9239664t) Customers check out at a Target store on Black Friday in Alexandria, Virginia, USA, 24 November 2017. The day after Thanksgiving known as 'Black Friday' kicks off the holiday season of shopping. Thirty percent of annual retail sales occur between Black Friday and Christmas, according to the National Retail Federation. Black Friday shopping, Alexandria, USA - 24 Nov 2017 Michael Reynolds — EPA-EFE/REX/Shutterstock

Target has spent billions strengthening its e-commerce, remodeling hundreds of stores while opening more of its small-format city locations, raising wages, and launching more of its own clothing brands that have been instant hits with shoppers, all moves that have put it back on a solid growth trajectory. The retailer has also made big strides in its supply chain and reduced out-of-stock frequency. At the same time, those investments are taking a toll on profits, and Target is still refining its food offering after years of trying, a key element in its strategy to drum up more shopper visits to its stores.

Key Metrics & Financials (Last Fiscal Year)

Previous Rank38
Revenues ($M)$71879
Revenue Percent Change3.4%
Profits ($M)$2934.0
Profits Percent Change7.2%
Assets ($M)$38999
Market Value — as of March 29, 2018 ($M)$37409
Employees345000

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Company Facts

Employees345000
SectorRetailing
IndustryGeneral Merchandisers
HQ LocationMinneapolis
CEOBrian C. Cornell
CEO Title-
Websitewww.target.com
Years on Fortune 500 List24

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