What Country Owns Target?

Target Corporation is an American retail company that operates a chain of discount department stores and hypermarkets. It is not owned by a specific country but is headquartered in Minneapolis, Minnesota.

History and Origin of Target Corporation

Target Corporation traces its roots back to 1902 when George Dayton founded Goodfellow Dry Goods in Minneapolis. The company was renamed Dayton’s Dry Goods Company in 1903 and later became the Dayton Company in 1910. Target, the company’s first discount store, was established in 1962 as a subsidiary of the Dayton Company. The first Target store opened in Roseville, Minnesota. In 1969, the Dayton Company merged with the J.L. Hudson Company, forming the Dayton-Hudson Corporation. The parent company was eventually renamed Target Corporation in 2000.

Target’s Global Presence

Today, Target operates its retail stores only in the United States, with nearly 2,000 stores across the country. The company does not have any retail stores operating outside of the U.S. Although Target briefly opened stores in Canada a few years back, they have since closed. Target has a global capabilities center in Bengaluru, India, and over a dozen sourcing offices worldwide. While Target does not have physical stores in other countries, it offers an international version of its website, allowing people in more than 200 countries to shop online.

Ownership Structure of Target Corporation

The ownership structure of Target Corporation is primarily dominated by institutional investors, who control about 81.1% of the outstanding shares. Some of the top institutional shareholders include The Vanguard Group, SSgA Funds Management, Inc., Geode Capital Management LLC, and Franklin Advisers, Inc. Mutual funds own over 42% of Target, while other institutional investors own more than 39%. Individual insiders, including top-level executives within Target, hold a combined ownership stake of 0.3%. The general public owns approximately 18.6% of the company’s shares.

Key Stakeholders of Target Corporation

The current key stakeholders of Target Corporation include shareholders, board of directors, management, employees, customers, suppliers, government, and communities. Target Corporation regularly engages with these stakeholders to identify, understand, and validate key issues affecting its business.

Market Capitalization of Target Corporation

As of September 30, 2023, the market capitalization of Target Corporation is $51.04 billion. This value is derived from the total market value of the company’s outstanding shares and is commonly used to measure a company’s worth.

Impact of Country of Ownership on Target’s Business Practices

The country of ownership can impact Target’s business practices and strategies in several ways, including regulatory compliance, cultural adaptation, and international expansion. As a U.S.-based company, Target must comply with U.S. regulations and laws, such as import requirements, product safety, and labor policies. Its commitment to diversity, equity, and inclusion is influenced by its U.S. roots and the diverse communities it serves.

In conclusion, while Target Corporation is an American company, its operations and business strategies are influenced by a variety of factors, including its history, stakeholders, market capitalization, and the country of ownership.