Target Corporation is an American big box department store chain with a net worth of $66 billion in 2024. It is one of the leading companies in the retail business field and it is the seventh-largest retailer in the United States. It gained massive growth in its business in the 1980s. It was renamed the Target Corporation in the year 2000. It started expanding on the international level in the 1980s. It has also expanded its business in the urban markets of the United States.
Target Corporation is ranked at number 37 on the Fortune 500 list of largest companies in terms of revenue. It opened around 1,931 stores in the United States as per the report 2019. This company operated around 409,000 employees in the year 2020. It has been operating in the United States for a long period of time and made a massive amount of revenue on an annual basis.
It was incorporated in the years of 1902 under the name Goodfellow Dry Goods by George Dayton. The company started its first store in Roseville, Minnesota in 1962. It got the name Target Corporation in the years of 2000 from its old name of Dayton-Hudson Corporation. Also, checkApple Net WorthandGoogle Net Worth.
Target Corporation Net worth
Target Corporation has made successful businesses over the years of working in the retail industry. Target has made a net worth of $66 billion in 2024. Target has reported a total operating income of $6.539 billion in the years of 2021 with a Net income of $4.368 billion. It has reported a total market capitalization of an amount of 75.66 billion. It has been growing rapidly for a couple of years and reported total assets of $51.248 billion in 2021. As per the reports, it is making billions of dollars on an annual basis and as of now, this company has made a net worth of $66 billion in the year 2021. It has also operated with 409,000 employees.
| Name | Target Corporation |
| Net Worth 2024 | $66 Billion |
| Net Worth in Indian Rupees | Rs.5.9 lakhs INR |
| Net Income: | $3,448 Million |
| Revenue | $108,721 Million |
| Total Assets | $55,615 Million |
| PE Ratio | 19.58 |
| Founders: | George Dayton |
| Owner: | Brian Cornell |
| CEO | Brian Cornell (12 Aug 2014–) |
| Headquarters: | Minneapolis, Minnesota, United States |
| Parent: | Dayton Corporation (1962-1969); Dayton-Hudson Corporation (1969-2000) |
| Founded: | 24 June 1902, Minneapolis, Minnesota, United States |
| Number of employees | 409,000 (2020) |
| Area served | India |
| Number of locations | 1,938 stores (2022) |
| Subsidiaries: | Shipt, Dermstore, Target Foundation, and more. |
Target Revenue 2022
- Target revenue for the quarter ending October 31, 2022 was$26.518 Billion
- Target revenue for the twelve months ending October 31, 2022 was$108.721 Billion
- Target annual revenue for 2022 was$106.005 Billion
- Target annual revenue for 2021 was$93.561 Billion
- Target annual revenue for 2020 was$78.112 Billion
| Target Annual Revenue | (Millions of US $) |
|---|---|
| 2022 | $108,721 |
| 2021 | $93,561 |
| 2020 | $78,112 |
| 2019 | $75,356 |
| 2018 | $72,714 |
| 2017 | $70,271 |
| 2016 | $73,785 |
| 2015 | $72,618 |
| 2014 | $71,279 |
| 2013 | $73,301 |
| 2012 | $69,865 |
| 2011 | $67,390 |
| 2010 | $65,357 |
| 2009 | $64,948 |
Target Net Income 2022
- Target net income for the quarter ending October 31, 2022 was$0.712 Billion
- Target net income for the twelve months ending October 31, 2022 was$3.448 Billion
- Target annual net income for 2022 was$6.946 Billion
- Target annual net income for 2021 was$4.368B Billion
- Target annual net income for 2020 was$3.281 Billion
| Target Annual Net Income | (Millions of US $) |
|---|---|
| 2022 | $3,448 |
| 2021 | $4,368 |
| 2020 | $3,281 |
| 2019 | $2,937 |
| 2018 | $2,914 |
| 2017 | $2,734 |
| 2016 | $3,363 |
| 2015 | $-1,636 |
| 2014 | $1,971 |
| 2013 | $2,999 |
| 2012 | $2,929 |
| 2011 | $2,920 |
| 2010 | $2,488 |
| 2009 | $2,214 |
Target Corporation Inception
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Target Corporation was incorporated in the years of 1902 with the company name Goodfellow Dry Goods and this company was created by George Dayton. The name of the company has changed multiple times from Goodfellow Dry Goods to Dayton’s Dry Goods Company and layered with the Dayton Company. It finally got its name of Target Corporation in the year 2000 from the name of Dayton-Hudson Corporation.
This company also merged with the J.L. Hudson Company in the years of 1969 and took the name of Dayton-Hudson Corporation. The company has grown so much in the years of 1920s period and it became a multimillion-dollar business. It is currently operating in the United States on a large scale and gained popularity because of its business. It has become the seventh-largest retailer in the United States. Also checkMicrosoft Net Worth.
Target Total Assets
- Target total assets for the quarter ending October 31, 2022 were$55.615 Billion
- Target total assets for 2022 were$53.811 Billion
- Target total assets for 2021 were$51.248 Billion
- Target total assets for 2020 were$42.779 Billion
| Target Annual Total Assets | (Millions of US $) |
|---|---|
| 2022 | $55,615 |
| 2021 | $51,248 |
| 2020 | $42,779 |
| 2019 | $41,290 |
| 2018 | $40,303 |
| 2017 | $37,431 |
| 2016 | $40,262 |
| 2015 | $41,172 |
| 2014 | $44,553 |
| 2013 | $48,163 |
| 2012 | $46,630 |
| 2011 | $43,705 |
| 2010 | $44,533 |
| 2009 | $44,106 |
Target Total Liabilities
- Target total liabilities for the quarter ending October 31, 2022 were$44.596 Billion
- Target total liabilities for 2022 were$40.984 Billion
- Target total liabilities for 2021 were$36.808 Billion
- Target total liabilities for 2020 were$30.946 Billion
| Target Annual Total Liabilities | (Millions of US $) |
|---|---|
| 2022 | $44,596 |
| 2021 | $36,808 |
| 2020 | $30,946 |
| 2019 | $29,993 |
| 2018 | $28,652 |
| 2017 | $26,478 |
| 2016 | $27,305 |
| 2015 | $27,175 |
| 2014 | $28,322 |
| 2013 | $31,605 |
| 2012 | $30,809 |
| 2011 | $28,218 |
| 2010 | $29,186 |
| 2009 | $30,394 |
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Evolution
Target Corporation has made massive growth in its operation since it started. It has charged various names since it started and financially came to the name of Target Corporation. It made the merger with a company called J.L. Hudson Company as oot wanted to expand its business and this time it has named Dayton-Hudson Corporation. The company has also made growth in its logo since it started its operations. In the years of 1975, it started with two stores and later it reached 49 units in nine states, and at that time it was making around $511 million in sales.
It currently operates around 1,931 stores throughout the United States as of the reports of 2019. It has also ranked 37 on the 2020 Fortune 500 list. Target also made the expansion of its business in Canada in the years of 2011 and decided to open 220 stores in Canada. It is currently operating in the products of Clothing and Accessories, Beauty and Health Products, Electronics, Food, and many more items. Overall the company has been growing rapidly in its operation in the United States. Must check Alibaba Net Worth.
Target Corporation: Awards and Achievements
Target has gained massive success in its business over the years of working. It has also gained various awards and achievements during the years of operating its business. It has won the “World’s most ethical companies”. It has made the achievement by becoming the seventh largest retailer in the United States in terms of revenue. It has been operating in different locations in the United States for a long period of time.
Frequently Asked Questions
What is the net worth of Target Corporation?
The net worth of Target is $66 Billion.
Who is the founder of Target Corporation?
The founder of Target Corporation is George Dayton.
When and where was Target Corporation established?
Target Corporation was established on 24 June 1902 in Minneapolis, Minnesota, United States.
Who is the CEO of Target Corporation?
Brian Cornell (12 Aug 2014–) is the CEO of Target Corporation.
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