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Target - Statistics & Facts

Founded in Minneapolis, Minnesota in 1902, Target Corporation is one of the largest discount retailers in the United States and in the world based on sales. The company operates a chain of general merchandise stores that offer a wide variety of general merchandise and food to their customers. The company operates primarily in the United States since its inception. Target did have several stores in operation in the Canadian market, but these were all closed in 2015. As of January 2021, Target operated nearly 1,900 stores across the United States.

2020, a year of growth

  Being an essential retailer during the pandemic certainly played in favor of Target’s financial performance. In 2020, Target sales grew nearly 20 percent amounting to 92.3 billion U.S. dollars. In that year, comparable store sales increased 19.3 percent, while the company’s gross margin, remained relatively stable compared to a year earlier. While many other retailers were forced to close some of their stores permanently, in 2020, Target opened 29 new stores across the United States and remodeled 132.

Target online presence

  Although most of Target’s sales came from physical stores, the company’s online sales have been increasing over the years. In 2019, target.com was amongst the leading online stores in the United States in different segments including the consumer electronics segment, the food and beverages segment, the furniture and appliance segment, and the toys and baby segment.

Target’s private label brands and partnerships

  In 2020, approximately one-third of Target’s sales came from its owned brands. The company has been steadily increasing its merchandise offering through private labels and brand partnerships. Recently, Target announced a partnership with Ulta Beauty to open dedicated shops in select Target stores and on target.com.

Key figures

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Target's key figures

Target's sales performance

Competitors

Interesting statistics

In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Target".

Target

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Target - Statistics & Facts

Founded in Minneapolis, Minnesota in 1902, Target Corporation is one of the largest discount retailers in the United States and in the world based on sales. The company operates a chain of general merchandise stores that offer a wide variety of general merchandise and food to their customers. The company operates primarily in the United States since its inception. Target did have several stores in operation in the Canadian market, but these were all closed in 2015. As of January 2021, Target operated nearly 1,900 stores across the United States.

2020, a year of growth

  Being an essential retailer during the pandemic certainly played in favor of Target’s financial performance. In 2020, Target sales grew nearly 20 percent amounting to 92.3 billion U.S. dollars. In that year, comparable store sales increased 19.3 percent, while the company’s gross margin, remained relatively stable compared to a year earlier. While many other retailers were forced to close some of their stores permanently, in 2020, Target opened 29 new stores across the United States and remodeled 132.

Target online presence

  Although most of Target’s sales came from physical stores, the company’s online sales have been increasing over the years. In 2019, target.com was amongst the leading online stores in the United States in different segments including the consumer electronics segment, the food and beverages segment, the furniture and appliance segment, and the toys and baby segment.

Target’s private label brands and partnerships

  In 2020, approximately one-third of Target’s sales came from its owned brands. The company has been steadily increasing its merchandise offering through private labels and brand partnerships. Recently, Target announced a partnership with Ulta Beauty to open dedicated shops in select Target stores and on target.com.

Interesting statistics

In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Target".

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