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Target Corporation (Target, the Corporation or the Company) was incorporated in Minnesota in 1902. We offer to our customers, referred to as "guests," everyday essentials and fashionable, differentiated merchandise at discounted prices.
In fact, our same-day services, Order Pickup, Drive Up and Shipt, grew 235% in 2020, led by more than 600% growth in Drive Up—as our guests developed new routines and connections to Target that will endure long after the pandemic.
Financial Highlights. (Note: Reflects amounts attributable to continuing operations. 2017 was a 53-week year.) Total Revenue In Millions. 2020 Growth: 19.8% Five-year CAGR: 4.7% Operating Income In Millions. 2020 Growth: 40.4% Five-year CAGR: 6.0% Net Earnings In Millions. 2020 Growth: 33.6% Five-year CAGR: 5.6% Diluted EPS. 2020 Growth: 36.3%
Our record growth of 2020 and our additional expansion of 2021 were enabled by investments we’d made in a unified set of initiatives intended to drive growth over long time horizons.
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The history of Target Corporation first began in 1902 by George Dayton. The company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910.
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Company History: Target Corporation is the fourth largest retailer in the United States, operating 1,556 stores in 47 states. Formerly Dayton Hudson Corporation, Target has three main retail divisions: Target Stores, Mervyn's, and Marshall Field's.
