Target Corporation can be an American retail corporation. It’s the 8th-largest retailer in america, and is an element of the S&P 500 Index.
Target established itself as the discount division of the Dayton’s Company of Minneapolis, Minnesota, in 1962; it started out expanding the store nationwide in the 1980s (within the Dayton-Hudson Corporation) and introduced new store formats beneath the Target brand in the 1990s. The business has found success as a cheap-chic player in the market. The parent company was renamed the mark Corporation in 2000 and divested itself of its last department store chains in 2004. It suffered from an enormous and highly publicized security breach of customer credit card data and the failure of its short-lived Target Canada subsidiary in the first 2010s but experienced revitalized success using its expansion in urban markets within america. By 2019, Target operated 1,844 stores through the entire United States. The business is ranked No. 37 on 2020 Fortune 500 set of the greatest USA corporations by total revenue. Their retail formats are the discount store Target, the hypermarket SuperTarget, and “small-format” stores previously named CityTarget and TargetExpress before being consolidated beneath the Target branding.