Target is one of the largest retailers in the United States, with 1,897 stores across the country and total revenue of $92.4 billion in 2020. Target’s online sales accounted for 18% of its total revenue that year, while it had around 409,143 employees on staff. The company opened its first store back in 1962 in Roseville, Minnesota and now has an average store size between 130-135 thousand square feet with 350 thousand items available for sale at each location. Additionally 75% of Americans live within 10 miles from a Target store and their market capitalization as of June 2021 was estimated to be 129.91 billion dollars – ranking 30th on Fortune 500 list that same year.
In terms of financials; Target reported net income worth 4.37 billion dollars during 2020 along with 15 million active users registered on their mobile app platform by then end 2019 – which also saw them raise hourly wages for all team members up to $15 per hour. Furthermore they have committed themselves towards 100 percent reusable/recyclable or compostable packaging by 2025 alongside offering more than 10k plant based products through their stores & website receiving over 1 Billion visits annually making them rank 7th among US eCommerce retailers last year (2020). Lastly according to Ranker’s report published this month (June 2021) – Targets brand value stands at 12 912 Million Dollars where 65 percent customers are women shoppers alone.
Target Store Statistics Overview
Target’s total number of employees in 2020 was around 409,143.
The sheer size of Target’s workforce in 2020 speaks volumes about the company’s success and growth. With over 409,000 employees, Target is one of the largest employers in the United States, and its success is a testament to the hard work and dedication of its employees. This statistic is an important indicator of Target’s success and provides insight into the company’s operations and performance.
Target opened its first store in 1962 in Roseville, Minnesota.
This statistic is a testament to the longevity of Target’s success. It shows that the company has been around for nearly 60 years, and has been able to remain a major player in the retail industry despite the ever-changing landscape. It speaks to the resilience of the company and its ability to adapt to the times.
Target’s average store size is about 130,000 to 135,000 square feet.
The size of Target stores is an important statistic to consider when discussing Target store statistics, as it provides insight into the scope of the company’s operations. Knowing the average store size gives an indication of the amount of merchandise that can be stocked in each store, as well as the amount of space available for customers to shop. This statistic also provides insight into the company’s ability to expand and open new stores, as larger stores require more resources to build and maintain.
Target has about 350,000 total items available for sale at its stores.
This statistic is a testament to the sheer variety of products Target has to offer. With over 350,000 items available, customers can find whatever they need in one convenient location. This makes Target a one-stop shop for all their shopping needs, and is a major draw for customers.
75% of the U.S. population lives within 10 miles of a Target store.
This statistic is a testament to the ubiquity of Target stores in the United States. It speaks to the convenience and accessibility of Target stores, as the majority of the population is within a short distance of one. This statistic is indicative of the success of Target stores and their ability to reach a wide range of customers.
Target’s total market capitalization as of June 2021 was $129.91 billion.
The sheer magnitude of Target’s total market capitalization of $129.91 billion speaks volumes about the success of the company. It is a testament to the power of Target’s brand and the loyalty of its customers. This figure is a clear indication of the company’s financial strength and its ability to remain competitive in the retail industry.
Target ranked 30th on the Fortune 500 list in 2021.
The fact that Target ranked 30th on the Fortune 500 list in 2021 is a testament to the company’s success and growth. It is a clear indication that Target is a major player in the retail industry and is continuing to expand its reach and influence. This is an important statistic to consider when discussing Target Store Statistics, as it demonstrates the company’s financial strength and stability.
Target Corporation’s net income in 2020 was $4.37 billion.
The fact that Target Corporation’s net income in 2020 was $4.37 billion is a testament to the company’s success and resilience in the face of a tumultuous year. It speaks to the strength of Target’s business model and the loyalty of its customers. This impressive figure is a testament to the hard work and dedication of the Target team, and serves as a reminder of the company’s commitment to providing quality products and services.
Target has about 15.8 million active users on its mobile app.
The fact that Target has 15.8 million active users on its mobile app is a testament to the company’s success in the digital age. It shows that Target is able to reach a wide range of customers and that its mobile app is a popular choice for shoppers. This statistic is an important indicator of Target’s success and is a key part of understanding the company’s overall performance.
Target’s average hourly wage for store team members was raised to $15 in 2020.
The fact that Target raised their average hourly wage for store team members to $15 in 2020 is a testament to their commitment to providing their employees with a living wage. This is a major step forward in the fight for fair wages and shows that Target is dedicated to creating a better working environment for their employees.
Target has committed to 100% reusable, recyclable, or compostable packaging by 2025.
This statistic is a testament to Target’s commitment to sustainability and environmental responsibility. By committing to 100% reusable, recyclable, or compostable packaging by 2025, Target is demonstrating its dedication to reducing its environmental footprint and helping to create a more sustainable future. This is an important step in the right direction and shows that Target is taking its role as a corporate leader seriously.
Target’s Drive-Up service is available at more than 1,750 stores.
This statistic is a testament to Target’s commitment to providing convenient shopping experiences for their customers. With the Drive-Up service available at more than 1,750 stores, customers can quickly and easily pick up their purchases without ever having to leave their car. This is a great example of how Target is making shopping easier and more accessible for their customers.
Target offers more than 10,000 plant-based products in its stores.
This statistic is a testament to Target’s commitment to providing customers with a wide variety of plant-based products. It speaks to the store’s dedication to catering to the needs of those who prefer plant-based diets, and it demonstrates that Target is a leader in the industry when it comes to offering plant-based options.
Target has a total brand value of $12,912 million in 2021.
The staggering figure of $12,912 million in 2021 speaks volumes about the success of Target’s brand. It is a testament to the company’s ability to remain relevant and competitive in the ever-changing retail landscape. This statistic is a clear indication of the trust and loyalty that Target has earned from its customers over the years. It is also a reflection of the company’s commitment to providing quality products and services at an affordable price. This statistic is a powerful reminder of the strength of Target’s brand and its importance in the retail industry.
Women account for 65% of Target’s customer base.
This statistic is significant in the context of Target Store Statistics because it highlights the importance of female customers to the success of the company. It demonstrates that Target has been successful in appealing to a large portion of its customer base, and that it has been able to effectively market its products and services to women. This statistic is also important in terms of understanding the company’s overall customer base and how it can better serve its customers in the future.
Conclusion
Target is a major retail chain in the United States, with 1,897 stores across the country and total revenue of $92.4 billion in 2020. Target’s online sales accounted for 18% of its total revenue that year, while it had around 409,143 employees on staff. The company opened its first store back in 1962 and has since grown to an average store size of 130-135 thousand square feet with 350 thousand items available for sale at any given time. 75% of Americans live within 10 miles from a Target location and their market capitalization as of June 2021 was estimated at $129.91 billion – ranking 30th on Fortune 500 list that same year – alongside net income reaching 437 million dollars by December 2020.
The retailer also offers various services such as Drive-Up which can be found at more than 1,750 locations; plant based products are now sold in over 10k varieties; their website receives over one billion visits per annum making them 7th largest eCommerce retailer nationwide; brand value stands currently at 12 912 million US Dollars; finally 65 percent out of all customers are women according to recent surveys conducted by Chain Store Age magazine . All these facts demonstrate how successful this business model has been throughout decades despite ever changing economic conditions worldwide
References
0. – https://www.www.target.com
1. – https://www.corporate.target.com
2. – https://www.www.cnbc.com
3. – https://www.www.macrotrends.net
4. – https://www.fortune.com
5. – https://www.www.techrepublic.com
6. – https://www.www.livekindly.co
7. – https://www.www.chainstoreage.com
8. – https://www.www.statista.com
9. – https://www.www.ranker.com
