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Proposed 2014 Target Corp. Product Focus. by Brynn Alan Curry and Janelle Kay Curry. Industry & the Market. Retail Industry Oligopoly: Large Warehouse-style Stores Strong Competition Wal-Mart Kmart Meijer. Company Facts. Discount Store Model Innovative Products Supporting the Community
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Proposed 2014Target Corp. Product Focus by Brynn Alan Curry and Janelle Kay Curry
Industry & the Market • Retail Industry • Oligopoly: Large Warehouse-style Stores • Strong Competition • Wal-Mart • Kmart • Meijer
Company Facts • Discount Store Model • Innovative Products • Supporting the Community • Increase in Consumable Products
Logistics • Limited Outsourcing and Exporting • Experienced Importing • Strong Supply Chain Target Distribution Center – Newton, NC 1.63 million Square Feet
Why We Chose Target • We love shopping here! • Revenue Through Recession • Continuous Growth
Final Thoughts • Future Growth Likely • Continue Consumables Expansion • Complete Further Consumables Research
Appendices - Slide Images • Slide 2 - Target Logo - December 4, 2013. http://www.trademarksandbrands.com/wp-content/uploads/2013/08/Target-Australia-logo.jpg • Meijer Logo - December 4, 2013. http://media.jrn.com/images/meijer+logo.jpg. • Walmart Logo - December 4, 2013. http://coloradopeakpolitics.com/wp-content/uploads/2013/08/walmart-logo.png • Slide 3 - Target Grocery Bag - December 4, 2013. https://www.facebook.com/photo.php?fbid=10152044744858120&set=pb.8103318119.-2207520000.1386264788.&type=3&theater • Slide 4 - Distribution Center - December 4, 2013. http://www.walshgroup.com/portfolio/commercial+building/warehouse-distribution/target-distribution-center-newton/gallery.html • Slide 5 - Target Dog Spot - http://www.workwisesolution.com/targetdog.png • Slide 9 - Target Logo and Groceries - December 5, 2013. http://img.dealspl.us/dealimage/20000/1576000/1576095_1385232588.jpg
Appendices - Bibliography Bibliography • Gale Centage Learning. (2013, December 3). Target Corp. Retrieved from Gale Business Insights: Essentials: http://ezproxy.iun.edu:3060/essentials/company/127578?u=gary39948 • Target Corp. - Investors. (2013, December 2). Annual Reports. Retrieved from Target.com - Investors: http://investors.target.com/phoenix.zhtml?c=65828&p=irol-reportsannual • Target Corp. (2013, December 2). Target through the years. Retrieved from Target.com - Corporate: https://corporate.target.com/about/history/Target-through-the-years • Target Corp. Report 2007. (2013, December 2). Target's Annual Report - 2007. Retrieved from Target.com Annual Reports: http://media.corporate-ir.net/media_files/irol/65/65828/reports/Target07AR_FINAL_OnlineVersion.pdf • Target Corp. Report 2009. (2013, December 2). Target's Annual Report - 2009. Retrieved from Target.com Annual Reports: http://media.corporate-ir.net/media_files/irol/65/65828/AP_Hi.pdf • Target Corp. Report 2012. (2013, December 2). Target's Annual Report - 2012. Retrieved from Target.com Annual Reports: https://corporate.target.com/_media/TargetCorp/annualreports/content/download/pdf/Annual-Report.pdf?ext=.pdf • U.S. Median Income. (2013, December 2). State Median Income. Retrieved from United States Census Bureau: http://www.census.gov/hhes/www/income/data/statemedian/
Appendices - Data 1 • Data set of Target Revenues and U.S. Median Incomes(Gale Centage Learning, 2013) (U.S. Median Income, 2013)
Appendices – Data 2 • Data set of % of product type sales to revenue(Target Corp. Report 2012, 2013) (Target Corp. Report 2009, 2013) (Target Corp. Report 2007, 2013)
Appendices – Data 3 • Data set of Target’s Revenue Growth and Consumables % of Sales(Gale Centage Learning, 2013) (Target Corp. Report 2012, 2013) (Target Corp. Report 2009, 2013) (Target Corp. Report 2007, 2013)