Target Corporation

Topics: Target Corporation, Wal-Mart, Big-box store Pages: 7 (2418 words) Published: May 14, 2011
Target Corporation
By: Michelle
Management 361
(APA style)

“Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More. Pay Less, brand promise.” Target Corporation is a quickly growing company who has over 1400 stores in the United States with plans of opening 600 new stores within the near future. This expansion requires great planning and commitment from the human resources department, which makes it all possible to have great employees, supporting staff and many future endeavors.  All these things make Target a very diverse and innovative store that supports their mission by commitment to great value to the community and environment.

Target Corporation
The Target Corporation did not initially start out as a huge discount chain of stores. In 1902 a man named George Dayton constructed a building that was six-stories located in downtown Minneapolis, R.S. Goodfellow, a local department store. A year later Mr. Goodfellow, store owner, retired and sold his share to Mr. Dayton, who soon renamed the department store to Dayton Dry Goods Company.

Dayton Company created many milestones for their local community, they opened their first store in Edina, Minnesota, and the world’s first fully enclosed shopping mall in 1956. Mr. Dayton saw a demand for a store that sold less-expensive goods in a quick, convenient format, the first Target discount store was opened in 1962. Target became the first retail store to offer well-known national brands at discounted prices. Initially there were only four Target stores, all operating out of Minnesota. Expansion

In 1968, Target stores expanded into Missouri, opening two stores in St. Louis, in the same year, Target’s parent company, Dayton, merged with JL Hudson Company of Detroit and became Dayton-Hudson Corporation. However, due to rapid expansion and lack of experienced executives to manage its subsidiaries, they reported a drop in sales in 1971. Later, within a couple of years Dayton-Hudson had recovered and started to flourish in the retail industry. Since the launch of Target Stores to this point, it had focused its expansion in the Central United States. In 1982, it expanded into the West Coast of the United States by acquiring stores in Arizona, California, and Texas and opening a fourth distribution center in Los Angeles. The expansion allowed Target Stores to become the dominant retailer in Southern California as the chain grew to a total of 246 units. Corporate Headquarters & Human Resources

Today, Target Corporation has its headquarters on Nicollet Mall in Minneapolis near the site of the original Goodfellow store. The complex includes Target Plaza North and Target Plaza South, Target had the approximately $260-million complex developed to provide one location of office space for 6,000 employees. The 14-story Target Plaza North has 600,000 square feet of office and retail space, while the 32-story Target Plaza South has 1,250,000 square feet of office space.

Target Corporation understands that the company is only as good as the people who work in the stores. Target puts much focus on staffing its stores with not only the correct amount of people, but also the right people who can work together and merge together as a team. Each Target store has a small human resource department headed by a manager known as the team relations leader. Much planning and payroll hours are spent in the HR departments to ensure that managers are focusing on the right tools in terms of the work force in stores.

Target employs more than 300,000 team members in 47 states, 63 percent of whom are women and 37 percent of whom are minorities. In its legal department, attorneys are a direct reflection of the diversity initiatives it supports and the culture it has helped create. Women make up more than half of its attorneys...

Bibliography: Hammond, J. (2010, December). Corporate Competitors. Retrieved December 2010, from Daily Finance:
History of the Large Company Model. (n.d.). Retrieved December 2010, from History of Corporations:
Reel, L. (2010). Target Corporation: Company Analysis and Evaluation. Yahoo Business and Finance , 1-4.
Target: Through The Years. (2010, November). Retrieved December 2010, from Target Corporation:
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