Target Corporation is a major American department store chain with a net worth of $66 billion as of 2024. It is one of the leading companies in the retail business and the seventh largest retailer in the United States. The company experienced strong growth in its business in the 1980s. The company changed its name to Target Corporation in 2000. The company began expanding internationally in the 1980s. The company also expanded its business in the metropolitan markets of the United States.
Target Corporation is ranked 37th on the Fortune 500 list of largest companies in terms of revenue. According to the 2019 report, the company opened about 1,931 stores in the United States. The company operated about 409,000 employees in 2020. The company has been operating in the United States for a long time and generates a huge amount of revenue every year.
The company was founded in 1902 as Goodfellow Dry Goods by George Dayton. The company opened its first store in Roseville, Minnesota in 1962. The company became Target Corporation in the 2000s from its former name, Dayton-Hudson Corporation. Also, check out Apple Net Worth and Google Net Worth.
Target Corporation Net Worth
Target Corporation has been a successful business for many years in the retail industry. Target has generated a net worth of $66 billion in 2024. Target has reported a total operating income of $6.539 billion in 2021 with a net income of $4.368 billion. The company has reported a total market capitalization of $75.66 billion. The company has been growing rapidly for a few years and reported a total asset of $51.248 billion in 2021. According to reports, the company is earning billions of dollars every year and as of now, the company has generated a net worth of $66 billion in 2021. The company has also been operating with 409,000 employees.
| Name | Target Group |
| Net worth 2024 | $66 billion |
| Net worth in Indian Rupees | 5.9 lakhs INR |
| Net income: | $3.448 million |
| Revenue | $108,721 million |
| Total assets | $55,615 million |
| PE ratio | 19.58 |
| Founder: | George Dayton |
| Owner: | Brian Cornell |
| Chief Executive Officer | Brian Cornell (August 12, 2014–) |
| Head office: | Minneapolis, Minnesota, United States |
| Parents: | Dayton Corporation (1962-1969); Dayton-Hudson Corporation (1969-2000) |
| Established: | June 24, 1902, Minneapolis, Minnesota, USA |
| Number of employees | 409,000 (2020) |
| Service area | India |
| Number of locations | 1,938 stores (2022) |
| Subsidiaries: | Shipt, Dermstore, Target Foundation and many more. |
Revenue target 2022
- Revenue target for the quarter ending October 31, 2022 is $26.518 billion
- Revenue target for the twelve months ending October 31, 2022 is $108.721 billion
- Annual revenue target for 2022 is $106.005 billion
- Annual revenue target for 2021 is $93.561 billion
- Annual revenue target for 2020 is $78.112 billion
| Annual revenue target | (Million USD) |
|---|---|
| 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 |
Net income target 2022
- Net income target for the quarter ending October 31, 2022 is $0.712 billion
- Target net income for the twelve months ending October 31, 2022 is $3.448 billion
- Annual net income target for 2022 is $6.946 billion
- Annual net income target for 2021 is $4.368 billion
- Annual net income target for 2020 is $3.281 billion
| Annual net income target | (Million USD) |
|---|---|
| 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 |
The Birth of Target Corporation
Target Corporation was founded in 1902 as Goodfellow Dry Goods and the company was founded by George Dayton. The company name changed several times from Goodfellow Dry Goods to Dayton’s Dry Goods Company and was layered with Dayton Company. Finally, the company was named Target Corporation in 2000 from the name of Dayton-Hudson Corporation.
The company also merged with JL Hudson Company in 1969 and took the name Dayton-Hudson Corporation. The company grew a lot in the 1920s and became a multi-million dollar business. Currently, the company operates in the United States on a large scale and has become popular for its business. The company has become the seventh largest retailer in the United States. Also, check out Microsoft Net Worth.
Target Total Assets
- Target total assets for the quarter ending October 31, 2022 are $55.615 billion
- Target total assets for 2022 is $53.811 billion
- Target total assets for 2021 is $51.248 billion
- Total target assets in 2020 is 42.779 billion dollars
| Annual Total Assets Target | (Million USD) |
|---|---|
| 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 |
Total target debt
- Target total debt for the quarter ending October 31, 2022 is $44.596 billion
- Total target debt for 2022 is $40.984 billion
- Total debt target for 2021 is $36.808 billion
- Total debt target for 2020 is $30.946 billion
| Target Total Annual Liabilities | (Million USD) |
|---|---|
| 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 |
Social media accounts
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Evolution
Target Corporation has seen a tremendous growth in its operations since its inception. The company has charged different names since its inception and financially settled on the name Target Corporation. The company merged with a company called JL Hudson Company because it wanted to expand its business and this time the company took the name Dayton-Hudson Corporation. The company has also seen a growth in its logo since its inception. In 1975, the company started with two stores and later reached 49 units in nine states, and at that time, the company had a turnover of around $511 million.
According to the 2019 report, the company currently operates around 1,931 stores across the United States. The company also ranked 37th in the Fortune 500 list in 2020. Target also expanded its operations in Canada in 2011 and decided to open 220 stores in Canada. Currently, the company operates in the categories of Clothing and Accessories, Beauty and Health Products, Electronics, Food, and many more. Overall, the company has grown rapidly in its operations in the United States. Check out Alibaba’s Net Worth.
Target Corporation: Awards and Achievements
Target has achieved great success in its business over the years. The company has also won various awards and achievements over the years of its business. The company has won the “World’s Most Ethical Companies” award. The company has achieved this by becoming the seventh largest retailer in the United States in terms of revenue. The company has been operating in various locations in the United States for a long time.
Frequently Asked Questions
What is Target Corporation’s net worth?
Target’s net worth is $66 billion.
Who is the founder of Target Corporation?
The founder of Target Corporation was George Dayton.
When and where was Target Corporation founded?
Target Corporation was founded on June 24, 1902 in Minneapolis, Minnesota, USA.
Who is the CEO of Target Corporation?
Brian Cornell (August 12, 2014–) is the CEO of Target Corporation.
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