FIN 435 Written Case Assignment #1 Target Corporation – Case 20 Your first written case assignment will be on the Target Corporation (Case 20). You are required to work in your previously assigned teams to analyze the case and meet as a team in and out of class to work on your solution. Each team will pick a team leader and the leader will summarize the team’s attendance at your meetings and submit to me via e-mail. The written assignment is due at the beginning of our class on March 16 and
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Evaluation Target Stores Strategic Choice and Evaluation The first Target Store was opened in 1962 by the Dayton Company. Though there were other discount chains in the US at that point of time, many of them do not exist today. Target was able to adapt itself to the changing environment and by 2002; it was the second largest discount retailer in the US (Target.com, 2012) http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy/BSTR164.htm] In June 2002, Target Corporation (Target) had 1
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category according to the demand of his or her store. In term of competition, Wal-Mart does not centrally set the price. At places when Wal-Mart and Kmart were located next to each other, Wal-Mart’s prices were roughly 1% lower. When Wal-Mart, Kmart and Target were separated by 4-6 miles, Wal-Mart’s average prices were 10.4% and 7.6% lower. In locations where there is no direct competition from large discounters, its price was 6% higher than where it was next to Kmart. Wal-Mart’s flexibility with customers
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The Target Corporation Symbol | TGT | Current Share Price | 72.53 | 52Wk-Range | 66.46-85.81 | Market Cap | 44.68B | EPS | -1.11 | Div. & Yield | 2.24(3.13%) | Beta | .615273 | Next Earnings Date | 24-Feb-16 | Quick Stock Information Quick Ratios ‘14 | Target | Competitor Avg. | Current Ratio | 1.20 | 1.01 | Inventory Turnover/Year | 8.00 | 10.00 | SG&A | 20% | 14% | Gross Margin | 29% | 23% | Profit Margin | -1% | 2% | Sales Growth | 2% | 8% |
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TARGET CORPORATION Executive Summary Target Corporation is the second largest retailer in the U.S. with over 1700 Target and Super Target stores. Targets around the country offer everything from household essentials to computer software to groceries, and sell many of their products under private label brands. In addition to their retail segment, the company also offers credit and debit cards to its frequent shoppers. In 2002 the Minneapolis-based Target Corporation became the United States
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To the executives at Wal-Mart: Your plan to open two stores in Chicago is an example of your continuous efforts to expand your corporation into new markets across the United States. Unfortunately, as has happened with previous cities, these efforts have been met with some opposition. Your company has only “38 of your 3,000” [1] stores located in urban areas and in order to successfully enter these, you will need a plan for galvanizing the necessary support from local government leaders as well
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www.careerbuilder.com, and www.simplyhired.com are great tools for job seekers and job postings are listed by date. For this analysis, the popular website used to search for a job posting is www.indeed.com and the selected job position is for a Target Team Leader in San Diego, California. The analysis will include the identified need, strategy, performance requirements, and the knowledge, skills, and abilities (KSA) required to satisfy the operational gap within the organization. The need identifies
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success in this industry are: *Compared together, Wal-Mart, Target and Kmart are very close competitors. They are all retail-variety discount stores making their existence known throughout the world, except Target, which you cannot find globally. These three companies are constantly vying for the reputation as the lowest priced retailer. *In the competitive profile matrix, the most critical success factor would be advertising with this, Target was scored the highest with a rating of 4 while both Wal-Mart
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The corporation I choose to look up was Target. Based off their website, the objectives are to: to gain competitive advantage over its competitors by committing to growth and delivering superior return to their shareholders and to cater employee development through excellent human resource development. Based on this the strategy can be suggested that Target has two strategies: human resource development, and cost leadership in order to gain a competitive edge. In the recent year Target has added
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Size is one component managers roles are derived from, not a defining component. Target is a widely known company, millions of people shop at one of the local location every day, acquiring 16 million in sales for the first quarter (Steinhafel G. Target.com). Most people think of Target as a store and nothing more. Yet, Target is much more than just a store. The product is a store to satisfy customers, target also includes distribution centers, corporate offices, and many small areas that must
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