Summary
Target Corp. is the second-biggest U.S. discount retailer. It differentiates itself by selling stylish products at reasonable prices. The company has partnerships with an evolving group of designers. Based in Minneapolis, Target ended FY24 with 1,956 stores in the U.S., with a total of 246 million square feet. In January 2015, the company announced its exit from the Canadian market, along with plans to close approximately 130 stores in Canada. Target sold its in-store pharmacies to CVS in December 2015. For the fiscal year ended February 3, 2024, the company had total revenues of $105.8 billion, including approximately $30 billion from Target’s own brands. Sales on Target.com represented about 18% of the total in FY24, up from 8.8% in pre-pandemic FY20. The company’s fiscal year ends on the Saturday closest to Jan
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