who-owns-target

Who Owns Target?

Business / By / October 1, 2023

Top individual shareholders comprise Brian Cornell, the company’s CEO, John Mulligan, executive vice president and chief operating officer, Michael McNamara, Executive Vice President of Target Technology Services and Chief Information Officer, Mary Minnick, Former Chairman & CEO, and Don Liu, executive vice president and chief legal and risk officer. While top institutional investors comprise The Vanguard Group with 9.2% ownership, BlackRock, with 8.5% ownership, State Street Corporation with 7.8%.

ElementDetailsAnalysisExamples
Product RangeOffers a wide range of products across categories.Diverse product offerings cater to various needs.Apparel, electronics, groceries, home goods, etc.
Pricing StrategyFocuses on competitive and affordable pricing.Attracts cost-conscious shoppers.Discounts, promotions, price matching.
Sales ChannelsOperates physical stores and Target.com online platform.Omni-channel approach for convenience.1,900+ stores in the U.S., robust e-commerce platform.
Exclusive ProductsCollaborates with designers and brands for exclusivity.Creates product differentiation and appeal.Exclusive fashion lines, designer partnerships.
Shopping ExperienceAims for a unique and enjoyable shopping experience.Customer satisfaction and loyalty are key.Store layouts, customer service, website design.
Customer BaseAttracts a diverse customer base with varied preferences.Broadens market reach and resilience.Families, young adults, fashion-conscious, budget shoppers.
InnovationEmphasizes innovation in operations and customer experience.Stays competitive and relevant.Same-day delivery, in-store tech enhancements.
Diversity & InclusionPrioritizes diversity and inclusion in the workforce.Fosters a positive and inclusive culture.Diverse employee demographics, inclusion initiatives.
Leadership StyleLed by CEO Brian Cornell with a customer-centric approach.Focuses on customer satisfaction and growth.Customer-driven decision-making, leadership priorities.
AdaptabilityWillingness to adapt to changing market trends.Ensures resilience and relevance.Pandemic response, e-commerce expansion.

Organizational Structure:

  • Target Corporation is a retail company operating a chain of department stores and discount stores in the United States.
  • The company has a traditional hierarchical organizational structure.
  • Various departments and divisions report to the executive leadership team.
  • The company operates multiple business segments, including Target stores and Target.com.

Business Model:

  • Target’s business model focuses on offering a wide range of products at affordable prices.
  • The company operates physical stores and an online platform (Target.com).
  • Target aims to create a unique and enjoyable shopping experience for its customers.
  • The company collaborates with designers and brands to offer exclusive and trendy products.
  • Target’s business model attracts a diverse customer base.

Leadership Style:

  • Target Corporation is led by CEO Brian Cornell and an experienced executive leadership team.
  • The leadership team emphasizes customer satisfaction, operational efficiency, and innovation.
  • Target’s leadership is customer-centric and willing to adapt to changing market trends.
  • The company places a strong emphasis on diversity and inclusion in its workforce.
  • Target aims to create a positive work environment for its employees.

Key Takeaways:

  • Target is a retail company operating stores in the United States.
  • The business model focuses on offering a wide range of products at affordable prices through physical stores and Target.com.
  • Target’s leadership, led by CEO Brian Cornell, prioritizes customer satisfaction and innovation.
  • The company collaborates with designers and brands to offer exclusive products.
  • Target’s ownership is distributed among top individual shareholders and institutional investors.
  • The company’s success is attributed to its customer-centric approach and adaptability to market trends.
  • Target emphasizes diversity, inclusion, and a positive work environment for its employees.

Key Highlights:

  • About Target:
    • Target Corporation is a renowned retail entity operating both department stores and discount stores in the U.S.
  • Ownership Structure:
    • Individual Shareholders:
      • Brian Cornell: Current CEO.
      • John Mulligan: Executive Vice President and Chief Operating Officer.
      • Michael McNamara: Executive Vice President of Target Technology Services and Chief Information Officer.
      • Mary Minnick: Former Chairman & CEO.
      • Don Liu: Executive Vice President and Chief Legal and Risk Officer.
    • Institutional Investors:
      • The Vanguard Group: Holds 9.2% ownership.
      • BlackRock: Possesses 8.5% ownership.
      • State Street Corporation: Commands 7.8% ownership.
  • Organizational Structure:
    • Traditional hierarchical structure.
    • Multiple business segments including physical Target stores and the online platform, Target.com.
    • Various departments/divisions report directly to the executive leadership.
  • Business Model:
    • Provides a vast array of products at competitive prices.
    • Mix of brick-and-mortar stores and the online platform, Target.com, for a comprehensive shopping experience.
    • Collaborates with designers/brands to offer exclusive and contemporary items.
    • Focuses on delivering a unique and enjoyable shopping experience.
  • Leadership Style:
    • Led by Brian Cornell and a seasoned executive team.
    • Strong emphasis on customer satisfaction, operational efficiency, and ongoing innovation.
    • Adaptable approach, staying in-tune with evolving market dynamics.
    • Prioritizes diversity and inclusion across its workforce, cultivating a welcoming work environment.
  • Conclusion:
    • Target stands as a leading retail player in the U.S. market.
    • It strikes a balance between physical and online retail, catering to a broad customer base.
    • The company’s leadership, driven by CEO Brian Cornell, places customer satisfaction at the heart of its operations.
    • Collaborations with top designers and brands set Target apart, offering exclusive product ranges.
    • A blend of individual and institutional ownership backs the company, underscoring its market stature.
    • Target’s commitment to diversity, adaptability, and employee well-being has played a pivotal role in its ongoing success.

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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