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Overview of target corporation
Overview of target corp
Introduction to target corporation
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Target Corporation The first thing most people see when it comes to a company or brand is usually an advertisement. Advertisements are what creates your brands image or persona and allows consumers to see what your company can do for them. For the Target Corporation it is no different, “We fulfill the needs and fuel the potential of our guests. That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences—consistently fulfilling our Expect More. Pay Less.” (Target Brand Promise). Their brand promise is one of the first things you will see when viewing their website, to us that gives a consumer the immediate knowledge of exactly what this company …show more content…
That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences—consistently fulfilling our Expect More. Pay Less.” Is represented through all their social media websites, if you take a look at their twitter account you can see part of their mission statement in every tweet. “Proud of our @Target #volunteers leading the way + making incredible impact in communities! https://t.co/OsHjIGl8Je #NationalVolunteerWeek” (tweet for Targets twitter account) This tweets shows that they are trying to help consumers that may or may not be visiting their stores. Target has a long list of tweets about new brands that they are continuously finding to fulfill the wants and needs of their customer. “Say hello to the #MarimekkoForTarget collection. Coming 4.17.16. Peek at the lookbook for lots to love through our profile link. #TargetStyle” (Tweet for Targetstyle twitter account). As you can see the Target brand is always looking for ways to meet their brand expectations and follow their mission statement. I even took a trip to my local target and spoke with a manager to ask if he knew the mission statement of the company his words were “we make an effort to have every employee be able to recite our mission statement, because it allows for them to know and follow it every day that they come into …show more content…
Of course most companies have advertising and communication experts that are taking control of their media presence but for the most part we feel that their messages are coming from the heart of their company whether that be the owners or the ceo. We believe that is trying to reach all consumers that are 18 and older. Because it is not a company that sells a specific product, Target sells everything anyone could need from clothes and shoes to coffee and televisions they have everything. This kind of product line up makes it so that target does not have to have specific group of consumers that they are reaching for its almost limitless. Companies like these however need to constantly be researching and looking into consumer responses and polls to see what kind of advertisements and social media sites are working the best for them. Theirs many ways of doing this with sites like survey monkey, Typeform, and Survata. There are even apps for your smartphones to get research information like Personapp. With Personapp, you can create quick and informal profiles for the different personas you’ve developed among your audience. After setting a name, title, and image for the persona, you can add in personal details like behaviors, demographics, and needs/goals. Taget
As compared to its rivals, Target has presented its brand as a middle-class brand which assists in attracting customers that find other stores like Walmart unpleasant
According to Kantar Retail, most of Target’s shoppers are younger on average than its rivals, and more educated. That means it has to consistently offer something different and appealing; it emphasizes more on the latest-trend apparel, eye-catching home décor and exclusive designer merchandise than its competitors. This results in a willingness to pay a bit more for items by customers who are willing to pay a bit more. Moreover, this successful
Target stores, inc.is a sister company of Dayton Hudson Corporation and started in the year 1962 the same year as two other large retail stores Wal-mart and Kmart. Target has always operated with the motto “ Expect More and Pay Less” target is the third in the big three in U.S. falling behind Wal-Mart and Kmart.a major part of target's success comes from its ability to bundle bargain prices with fashionable name brand merchandise with excellent customer service. Dayton’s department store started looking into Target as a discount chain in the year of 1962 when the company saw a rising in public demand for lower priced merchandise in a family friendly and convenient environment. The name target along with the bulls eye logo were selected for the company's visual impact also to show that target aims at offering
Target must compete vigorously and fairly in the marketplace using our independent judgment to make the best decisions for the Company.
Target, a high-end discount department store, hoped to continue expanding and adding to the company’s 1,752 stores, by purchasing 200 Zellers stores, located in Canada. One of Target’s, longtime goals was to expand into Canada , and after a decade, the company took a jump across the border (Shaw, 2011). Because many thousand Canadians hold a Red Card, Target’s reward card, Target assumed this would be a successful expansion, increasing the amount of US brands that encompass Canada’s market. Target spent a year converting the Zeller stores, altering and renovating them to transform them into Target Canada, a subsidiary of Target (Shaw, 2011). They opened 124 stores in locations all over Canada, hiring back only one percent of the former Zellers employees, desiring to make a fresh start for the department store chain (Target Refused Zellers Workers).
Target, the nation's #2 discount chain, now operates more than 1,500 Target and Super Target stores in 47 states, as well as an online business called Target.com. Target and its larger grocery-carrying stores, Super Target, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. After years of struggling to turn around its Marshall Fields and Mervyns departments stores divisions, the discounter sold them both in 2004. Target also owns apparel supplier The Associated Merchandising Corp. and issues Target Visa and its proprietary Target Card (www.Answers.com/topic/target-corporation).
According to www.targetcorp.com, Target is an upscale discount retail chain that sells quality products at attractive prices, and prides itself on clean, spacious, and guest-friendly stores. Target is the second largest "general merchandise" retailer (behind Wal-Mart); selling almost anything one would need to complete the "one stop shop", especially with the addition of the SuperTarget stores. The first Target opened in Roseville, Minnesota in 1962. Since then, 1,330 stores located in forty-seven different states, which includes the 141 SuperTarget stores, have opened nationwide. Target also has twenty-two distribution centers located in nineteen states. In addition to the vast number of store locations, Target also has other businesses that include: Target.com, Target Financial Services, Associated Merchandising Corporation, and Target commercial Interiors. Through all the key businesses, Target employs nearly 300,000 people from diverse backgrounds. The current Chairman and CEO of Target is Bob Ulrich.
Target is also a company that is built on ethics. With integrity instilled in all of their team members, everyone helps to uphold Target’s great reputation and maintain their morals of honesty and family. Another big part of Target’s company culture is their focus on community service. After working for Target, one is truly able to understand the meaning of giving back. At Target, team members dedicate their volunteer hours to work with schools, nonprofit organizations, charities etc. to make a difference in the world.
Target Corporation's strategic structure plans are continuing staffing the organization and assemble a well-talented management team. Also, continue recruiting and retaining employees with the needed experience. Another option is to acquire, develop and strengthen resources and capabilities in performing critical value chain activities to match changing market conditions and customer expectations. Target Corporation needs to explore multidivisional or matrix organization structure to facilitate strategy execution, delegate authority, and managing external relationships (Thompson, Peteraf, Gamble and Strickland, 2016).
Target moved away from introducing new products and selling products that made them unique. Target’s offerings became more commonplace, offering more items like food and other consumer staples. The once famous marketing strategy Target used to lure in customer looking to spend $20 on the basics and leaving with $100 in impulse purchases was put on hold. Target’s senior leadership team is strong. So strong they felt comfortable complaining about his predecessor to the board of directors, and issuing an ultimatum: Gregg Steinhafe leaves, or we
Another advantage about Target is that is has a very broad inventory. In effect, customers can find literally everything they need in this store: clothing and apparel for men, women and kids; toys and other accessories for kids an...
1. The Discount Department Store. Target prefers to be called as the latter instead of just department store. Expect more, pay less. With this tagline, the customers expect to purchase more items and pay the least amount possible. Not like other retail industries like its competitor Kmart and Wal-Mart, Target maintains retail value in terms of product offerings. They are known in their designer’s items in clothes, exclusive beauty products, categorized and functional goods, and seasonal offerings. It also sells the greatest number of gift cards among its rival business.
The Target Corporation formerly known as “The Dayton Dry Goods Company” is a major retailing company that was founded in 1902 in Minneapolis, Minnesota by George Draper Dayton. It is ranked the second largest discount retailer in the United States and ranked thirty- sixth on the Fortune 500 as of 2013. The Target Corporation has been serving this nation with the best price possible goods since their expansion from “Dayton” and is continuously winning the hearts of consumers with their dedication and service. A phenomenal merchandising strategy and cross channeling has enabled this upscale discounter to serve their purpose of customer loyalty and fulfill their promise of “Expect more and Pay less”.
The mission of Associated Wholesale Grocers is to offer professional retail service, low cost on products, and tools needed to independent grocers to operate in the grocery industry (About us, n.d.). Also, AWG obtains a vision which is separate from their overall mission statement. AWG’s vision captures the outlook of what the company hopes for as they continue to grow. The vision of AWG includes expansion and becoming the number one member-owned wholesaler in the world (About us, n.d.). Apparently, for a mission statement to be effective, the company must set goals and objectives that are followed to allow the mission statement to become effective.
Mission Statement: As an educator I will provide for students the opportunity to make a positive difference in their lives to help them accomplish unexpected goals. I will enhance learning to support my students in achieving their highest potential by integrating technology into the curriculum. I will integrate conceptual technology learning techniques that will implement concrete knowledge of technology that will emphasize mastery of understanding. Through committed support from educators, faculty, staff, parents, and the community, I will advance learning to support my students. This will allow students to become confident, creative, motivated, technology-ready students. I will provide leadership to achieve these standards of excellence each student deserves for a technology driven society.