A bird’s-eye view of Target (TGT)
Minnesota-based Target (TGT)
is the world’s 11th-largest retailer in terms of sales, according to
the National Retail Federation. Target was founded over a century ago in
1902, going public in 1967. The retailer operates 1,792 stores
exclusively in the United States.
The company’s stores retail a variety of merchandise including apparel,
electronics, toys, food and grocery, and health and wellness. Until last
year, Target also operated an in-house pharmacy business, which it sold to CVS Health (CVS) in December 2015 for $1.9 billion.
In this series, we’ll analyze the performance of Target’s major lines of
business and the growth drivers it’s banking on to provide future sales
impetus. We’ll also analyze how the company’s shareholders have fared
over the years in terms of returns and the company’s stock price
performance...
Source: Market Realist