Target

Type: Public (NYSE: TGT)
Founded: 1902 (Minneapolis, MN)
Headquarters: Minneapolis, Minnesota, USA
Key people: Bob Ulrich, chairman and chief executive officer
Industry: Retail
Products: Clothing, footwear, bedding, home decor, housewares, furniture, lawn and garden, jewelry, beauty products, electronics, sporting goods, and pet products.
Website: www.target.com (Online store), www.targetcorp.com (Corporate)

General Information

Target Corporation (NYSE: TGT), headquartered in Minneapolis, Minnesota, 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. It sells more gift cards than any other U.S. retailer and is the fifth largest U.S. seller of music. Target operates its retailing business exclusively in the United States.

Target was listed in the Top 500 largest e-retailers Guide by Internet Retailer in 2007. This list also incorporated other retailers such as Apple, Wal-Mart, and PartStore.com. The company was formerly traded as Dayton Hudson. The company stock is a component of the Standard and Poor's 500 index.

Philanthropy

Target Corporation is consistently ranked as one of the most philanthropic companies in the country. According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%).[54] Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program. Target's corporate by-laws state it must give 5 percent of its pre-tax profits to charity.