Target's Physical Assets and Monetary Values

Essay by bhall73University, Bachelor'sB+, January 2007

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Physical Assets

Target Corporation was founded in Minneapolice, Minnesota in 1902 as the Dayton Dry Goods Co. In 1962, the first Target store was opened in Roseville, Minnesota. It is the sixth-largest retailer in the United States. It is also ranked the 29th on the 2006 Fortune 500. It sells more gift cards than any other retailer in the U.S. and is also the third-largest seller of music in the United States.

Target is a chain of discount department stores that are about 95,000 to 135,000 square feet and carries hardlines ("regular" products and goods), softlines (clothing), and a limited amount of groceries, usually non-perishable. Target stores carry clothing, shoes, jewelry, health and beauty products, electronics, compact discs, DVDs, bedding, kitchen supplies, sporting goods, toys, pet supplies, automotive supplies, hardware supplies, pharmacies, and food (Wikipedia. 2006). They also carry seasonal merchandise such as patio furniture during the summer and Christmas decorations during November and December.

Many stores may also have one-hour photo processing, portrait studio, an optical store, pharmacy, and garden center.

Target Corporation's discount retail chain in the United States has 1,494 stores in all states except for Alaska, Vermont, and Hawaii that operate under the mastheads of Target, Target Greatland, and SuperTarget. The chain was founded by Douglas J. Dayton and John Geisse, and the first Target store "T-1" opened on May 1, 1962 in Roseville, Minnesota. That store was closed and demolished on January 8, 2005 to make room for a SuperTarget, which opened on October 9 of the same year. Target Corporation has aggressive plans to have 2,010 stores open by the year 2010. Target Corporation currently operates 25 distribution centers across the United States. Target opened two new distribution centers in 2006 (Railto, CA and DeKalb, IL) to support the growth of its...