whighlander
Senior Member
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Re: Filene's
The principle difference between Ugh Walmart and TarzJay
TarZJay, while opperating very successfully in suburbia, like Walmart has an urban heart and orgin -- spinning out from a downtown Minneapolis Department Store -- Dayton's
Target Corporation
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Target_Corporation
" Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart......The company was founded in 1902 as the Dayton Dry Goods Company .......While working for the Dayton company, John F. Geisse developed the concept of upscale discount retailing... In 1962, the Dayton Company, using one of Geisse's concepts, opened its first Target discount store in the Saint Paul suburb of Roseville, Minnesota...... In January 2000, Dayton Hudson Corporation changed its name to Target Corporation and its ticker symbol to TGT; by then, between 75 percent and 80 percent of the corporation's total sales and earnings came from Target Stores.....Today, Target Corporation has its headquarters on Nicollet Mall in Minneapolis......complex includes Target Plaza North and Target Plaza South. Ryan Companies developed the complex, and Ellerbe Becket served as the architect. Target had the approximately $260-million complex developed to provide one location of office space for 6,000 employees. The 14-story Target Plaza North has 600,000 square feet (56,000 m2) of office and retail space, while the 32-story Target Plaza South has 1,250,000 square feet (116,000 m2) of space.....On February 15, 2011, Target announced plans to open its newest store concept, called CityTarget. The first store will be opened in Chicago.[59][60] The store will allocate approximately 55,000 sq ft (5,100 m2) to its sales floor. CityTarget stores will carry fresh food, clothing, and apartment essentials. Items too bulky for urban apartments or for customers to carry will not be stocked in a CityTarget, even if such items are commonly available in traditional Target stores.
Urban stores
Target has used its urban store concept to open multiple story stores in city centers such as in Annapolis, The Bronx, Brooklyn, Queens, Los Angeles, Glendale, Chicago, Pasadena, California, San Diego, Seattle, Stamford, Washington, D.C., Atlanta, Miami, New Orleans, and Minneapolis within the corporation's headquarters complex. In July 2010, a Target store opened in New York's East Harlem.[61] The company also opened an urban store in Pittsburgh's East Liberty neighborhood in July 2011.[62]
Building stores in these environments carries an elevated cost which is offset by the high potential for business that these stores can bring in. The Target store located on Nicollet Mall in Minneapolis features a three-story glass entrance and a design that sets it apart from suburban Target stores. This urban store alone cost Target Corporation US$16.3 million.[63] This concept has also been used to convert Super Target stores from former Bullock's, Montgomery Ward, J. W. Robinson's, Robinsons-May and Younkers stores.[64][.....
Target Corporation competes directly against other discount retailers, mainly Walmart and Kmart. Since its founding, it has intended to differentiate its stores from its competitors by offering what it believes is more upscale, trend-forward merchandise at lower costs, rather than the traditional concept of focusing on low-priced goods. Douglas J. Dayton, one of the Dayton brothers, explained John Geisse's concept:
“ "We will offer high-quality merchandise at low margins, because we are cutting expenses. We would much rather do this than trumpet dramatic price cuts on cheap merchandise....Target stores tend to attract younger and more educated and affluent customers than Walmart, among other competitors. The median Target shopper is 41 years old, the youngest of all major discount retailers that Target competes directly against. The median household income of Target's customer base is roughly $63,000 US$. Roughly 76% of Target customers are female, and more than 45% have children at home. About 80% have attended college and 48% have completed college.[15][56] 97% of American consumers recognize the Target Bullseye logo.....
Target Corporation is consistently ranked as one of the most philanthropic companies in the US. It ranked No.22 in Fortune Magazine's "World's Most Admired Companies" for 2010, largely in part to the donation efforts of the company as a whole.[87] According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%).[88] Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program.
Further evidence of Target's philanthropy can be found in the Target House complex in Memphis, Tennessee, a long-term housing solution for families of patients at the city's St. Jude Children's Research Hospital. The corporation led the way with more than $27 million in donations, which made available 96 fully furnished apartments for families needing to stay at St. Jude over 90 days."
With appolgies for the length of the quote:
Sounds like a good corporate citizen for Boston and a good fit to DTX -- westy
The principle difference between Ugh Walmart and TarzJay
TarZJay, while opperating very successfully in suburbia, like Walmart has an urban heart and orgin -- spinning out from a downtown Minneapolis Department Store -- Dayton's
Target Corporation
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Target_Corporation
" Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart......The company was founded in 1902 as the Dayton Dry Goods Company .......While working for the Dayton company, John F. Geisse developed the concept of upscale discount retailing... In 1962, the Dayton Company, using one of Geisse's concepts, opened its first Target discount store in the Saint Paul suburb of Roseville, Minnesota...... In January 2000, Dayton Hudson Corporation changed its name to Target Corporation and its ticker symbol to TGT; by then, between 75 percent and 80 percent of the corporation's total sales and earnings came from Target Stores.....Today, Target Corporation has its headquarters on Nicollet Mall in Minneapolis......complex includes Target Plaza North and Target Plaza South. Ryan Companies developed the complex, and Ellerbe Becket served as the architect. Target had the approximately $260-million complex developed to provide one location of office space for 6,000 employees. The 14-story Target Plaza North has 600,000 square feet (56,000 m2) of office and retail space, while the 32-story Target Plaza South has 1,250,000 square feet (116,000 m2) of space.....On February 15, 2011, Target announced plans to open its newest store concept, called CityTarget. The first store will be opened in Chicago.[59][60] The store will allocate approximately 55,000 sq ft (5,100 m2) to its sales floor. CityTarget stores will carry fresh food, clothing, and apartment essentials. Items too bulky for urban apartments or for customers to carry will not be stocked in a CityTarget, even if such items are commonly available in traditional Target stores.
Urban stores
Target has used its urban store concept to open multiple story stores in city centers such as in Annapolis, The Bronx, Brooklyn, Queens, Los Angeles, Glendale, Chicago, Pasadena, California, San Diego, Seattle, Stamford, Washington, D.C., Atlanta, Miami, New Orleans, and Minneapolis within the corporation's headquarters complex. In July 2010, a Target store opened in New York's East Harlem.[61] The company also opened an urban store in Pittsburgh's East Liberty neighborhood in July 2011.[62]
Building stores in these environments carries an elevated cost which is offset by the high potential for business that these stores can bring in. The Target store located on Nicollet Mall in Minneapolis features a three-story glass entrance and a design that sets it apart from suburban Target stores. This urban store alone cost Target Corporation US$16.3 million.[63] This concept has also been used to convert Super Target stores from former Bullock's, Montgomery Ward, J. W. Robinson's, Robinsons-May and Younkers stores.[64][.....
Target Corporation competes directly against other discount retailers, mainly Walmart and Kmart. Since its founding, it has intended to differentiate its stores from its competitors by offering what it believes is more upscale, trend-forward merchandise at lower costs, rather than the traditional concept of focusing on low-priced goods. Douglas J. Dayton, one of the Dayton brothers, explained John Geisse's concept:
“ "We will offer high-quality merchandise at low margins, because we are cutting expenses. We would much rather do this than trumpet dramatic price cuts on cheap merchandise....Target stores tend to attract younger and more educated and affluent customers than Walmart, among other competitors. The median Target shopper is 41 years old, the youngest of all major discount retailers that Target competes directly against. The median household income of Target's customer base is roughly $63,000 US$. Roughly 76% of Target customers are female, and more than 45% have children at home. About 80% have attended college and 48% have completed college.[15][56] 97% of American consumers recognize the Target Bullseye logo.....
Target Corporation is consistently ranked as one of the most philanthropic companies in the US. It ranked No.22 in Fortune Magazine's "World's Most Admired Companies" for 2010, largely in part to the donation efforts of the company as a whole.[87] According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%).[88] Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program.
Further evidence of Target's philanthropy can be found in the Target House complex in Memphis, Tennessee, a long-term housing solution for families of patients at the city's St. Jude Children's Research Hospital. The corporation led the way with more than $27 million in donations, which made available 96 fully furnished apartments for families needing to stay at St. Jude over 90 days."
With appolgies for the length of the quote:
Sounds like a good corporate citizen for Boston and a good fit to DTX -- westy
