| Business Summary | | Target
Corporation
is
engaged
in
general
merchandise
retailing.
The
Company's
store
brands
include
Target,
Marshall
Field's
and
Mervyn's.
In
early
2000,
target.direct,
the
direct
merchandising
and
electronic
retailing
organization
of
Target
Corporation,
was
formed.
The
business
combines
the
e-commerce
team
of
Target
with
its
direct
merchandising
unit
into
one
integrated
organization.
The
target.direct
organization
operates
seven
Websites,
which
support
the
store
and
catalog
brands
in
an
online
environment
and
produces
six
retail
catalogs.
Target
Corporation
also
owns
Associated
Merchandising
Corporation
(AMC),
which
sources
the
high
quality
apparel
and
hardlines
merchandise
for
the
company.
AMC
also
provides
international
sourcing
for
a
number
of
retailers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Target
Corporation
is
a
general
merchandise
retailer.
As
of
12/00,
the
Company
operated
978
Target
locations,
267
Mervyn's
locations,
and
64
department
store
locations
throughout
the
U.S.
For
the
13
weeks
ended
5/5/01,
revenues
rose
8%
to
$8.35
billion.
Net
income
rose
6%
to
$254
million.
Results
reflect
increased
revenues
at
Target
due
to
the
opening
of
new
stores,
partially
offset
by
lower
margins
due
to
a
change
in
the
product
mix. Recent Earnings Announcement For
the
3
months
ended
08/04/2001,
revenues
were
8,952;
after
tax
earnings
were
272. (Preliminary; reported in millions of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Ulrich, 57 Chairman,
CEO | $4.4M | $2.2M | Gerald Storch, 44 Vice
Chairman | 1.1M | -- | Douglas Scovanner, 45 CFO,
Exec. VP | -- | -- | Gregg Steinhafel, 46 Pres
of Target Stores | 1.6M | 1.6M | James Hale, 60 Exec.
VP, Gen. Counsel, Sec. | -- | -- | Dollar
amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|