Target Corporation is an American retailing company, founded in 1902 and headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States. The company is ranked 36th on the Fortune 500 as of 2013. The first Target store was opened in 1962 in Roseville, Minnesota. Today Target operates 1,934 stores in the United States with over 347,000 team members worldwide.
Ethics
Ethics, in business, refers to moral principles and standards that define acceptable behavior in the world of business. Ethical decisions foster trust among individuals and in business relationships. Recognizing ethical issues is important in the workplace. An ethical issue is an identifiable problem requiring a person or organization to choose from among several actions that may be evaluated as ethical or unethical. When you’re determining is a situation is ethical or not, there are three factors to take into consideration. Individual factors, organizational factors, and opportunity. Individual factors are sets of principles that describe what a person believes are the right way to behave. Organizational factors include the influence of managers, coworkers, and the work group. Opportunity is a set of conditions that punish unfavorable behavior or reward favorable behavior. “Target thrives on competing to win in the marketplace. We compete and negotiate actively, but always with integrity. Taking advantage of anyone by manipulating or concealing
Company Profile Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target Corporation operates general merchandise and food discount stores in the United States. It operates as two reportable segments: Retail and Credit Card. The company offers household essentials, including electronics, music, and toys; apparel and accessories; home furnishings as well as seasonal merchandise. It also sells its merchandise under private-label brands, such as Archer Farms, etc. Target Corporation operates in-store amenities, such as Target Caféand Target Clinic as well. Its marketing strategy includes selling its products on its online shopping site Target.com and its network of
first target store was open in 1962 six years later in Roseville, Minnesota. The headquarters is located in Nicolette Mall in Minneapolis. Target or super target has 1,743 stores around the United States, except, in Vermont with 351.000 employees. Target is superstore merchandise it does not deal with a full- line of grocery products.
Target is one of the most popular retail stores in the United States, their mission as a company is to continue to strive to provide their great customer services to their public. This will be a proposal that will be focused on the main top considerations that Target is facing when relating to areas such as ethics and diversity. These specific considerations as well as recommendations are analyzed and put into perspective of the overall success of the division of the company.
Target has suggested that its vendors create special products or prevent price comparisons to help decrease consumer show-rooming (Kinicki & Williams, 2013). Pressure of this sort could create opportunities for vendors to participate in unethical practices and could create a negative image for Target (McKay, Nitsch, & Peters, 2015). Although laws, such as the Sarbanes-Oxley Act, are basic frameworks that business operations must comply with, there is no guideline that businesses have to follow when making business decisions. Furthermore, ethical behavior can be perceived by customers, investors, and society as corporate responsible while creating additional value for products or services (Kinicki et al., 2013). Target should ensure that it ethically follows all constraints of the law while considering the impacts its decisions will have on its stakeholders, and while fostering an image, responsibly by corporate.
Founded by George Dayton, Target Corporation is now the second to the largest discount store retailer in the United States of America. The headquarter of this company is located at Minneapolis, Minnesota. In the year 1902, this company was first named as Goodfellow Dry Goods. Then, in the year 1903, the company’s name changed into Dayton’s Dry Goods Company. Later, in the year 1910, it was renamed as Dayton Company. In the year 1962, the first Target Store was opened at Roseville, Minnesota. Later in the year 1967, the company was renamed as the Dayton Corporation. In the year 1969, when this corporation merged with J.L. Hudson Company, it was renamed as Dayton-Hudson Corporation. After the merging, this corporation took possession of different
This financial Analysis of Target Corporation will look at the financial statements for purposes of analysis, use financial analysis to interpret those statements, analyze the corporate structure of Target Corporation and determine Target’s intrinsic value and make a recommendation on the purchase of Target stock. Target Corporation was incorporated in Minnesota in 1902. Target owns their corporate headquarters building located in Minneapolis, Minnesota. Target offers its guests a preferred shopping experience through their devotion to innovation, loyalty offerings such as REDcard Rewards and Cartwheel, and their approach to investing in future growth.
Target is a branch off of the Dayton Dry Goods Company started in 1902 by George Draper Dayton. Throughout the years the store evolved and adapted until they eventually created the Target we know today in 1962. The first store opened May 1, 1962, in the city of Roseville
With its headquarters in Minneapolis, Minnesota, Target is a continuously striving company focused on improving every aspect of their business – whether it's their merchandising for guests, technology solutions, or even the future design of the company. The first Target store was founded and created in 1932 in Roseville, Minnesota by George Dayton. Originally created to be a discounted merchandising company, Target surpassed all doubters expectations when it began to offer common stock, and 1969, merging with J.L. Hudson and for the first time, Target revenues topped $1 billion dollars. Today Target is
Target was incorporated in 1902 in Minnesota with the name of Dayton. In 2000, the name of Target was adopted.
Target Corporation (2014). The very first store was opened in Minnesota in 1962, launching a new era of affordable retail merchandise. Today
The Target Corporation, what used to be known as the Dayton Dry Goods Co., is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. In 1962, the first Target store was opened in Roseville, Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The company is ranked 33rd on the 2007 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival with Kmart and Wal-Mart. Target was listed in Internet Retailer's list of the top 500 retail web sites in 2007 also, this not only proves of brick and mortar sucsess but also online retail.
Target has been a leading corporation for over 50 years. So many other companies have saw death sooner or later but this company just keeps on flourishing. Established in 1962 the first target opened in Roseville, Minnesota. An idea since 1960, the deal for opening target was made in 1961, and from 1962 the rest has been history. The icon was created by Douglass J. Dayton the President of The Dayton Company and Target was added to form a new discount chain store. With 75 different departments and room to park 1,200 cars Douglass was almost considered a genius.
The case indicates that Target vendors will have little choice but to "play ball" and create special products to shield Target from price comparisons. The ethical implications of this pressure Target is placing on its vendors and the possible fallout shows a conflict of interest. Target is the second highest brick and mortar discount chain. What vendor that is already in good standings with Target can afford to say no to them? Almost 100% of them cannot. When you have to set your manufacturing up for the demand that they have, you often have to drop some of the “little people” or go up on your prices to them. This is just a risk that high-volume manufacturing companies sometimes have to take.
Target was actually created by the owner of Dayton’s department store, George Draper Dayton, who in 1962 decided that he wanted to transform his well-known family-run department stores into one of the nation’s largest discount-store chains. Dayton believed this would demonstrate the visionary leadership that the company wanted. The leaders of the idea came together to create the name of the store and the logo. They opened their first store in Roseville, Minnesota in 1962 and then kept constructing new stores all around the US. Target’s first distribution center went up in Fridley, Minnesota in the year 1969. Their first major development in advertising was
“If we wanted to figure out if a customer is pregnant, even if she didn’t want us to know, can you do that?,” asked by Andrew Pole’s colleagues. In today’s day and age of technology, data mining can be easily used to compile huge capacities of data that is validated to calculate patterns of the data from the information such as name, address, date of birth, credit card numbers, and social security numbers that people have submitted to the Internet through purchases, advertising, and profiles everyday. Although data mining seems harmless, it allows companies to gather information to improve the business by making ethical decisions; therefore, this can raise concerns with privacy and security of the person and/or their personal information that