Target

Target Corporation is a leading American retailer with a long history dating back to 1902, when George Dayton established the business in Minneapolis as Goodfellow Dry Goods. The company entered the discount retail sector in 1962, opening its first Target store in Roseville, Minnesota. Over the years, Target has steadily grown and adapted, becoming known for its combination of national brands and exclusive private-label products, as well as its focus on design and customer experience.

As of November 2024, Target operates 1,978 stores across the United States. The company’s footprint includes both large-format stores and a growing number of smaller locations tailored for urban neighborhoods and college campuses. In the last five years, Target has accelerated its expansion into major metropolitan areas and campus settings, introducing small-format stores that allow the brand to serve dense, high-traffic environments where traditional big-box formats are less practical. Alongside new store openings, Target continues to remodel existing locations nationwide, modernizing layouts and amenities to keep pace with evolving shopper expectations.

Target’s approach to growth is closely tied to its investment in digital fulfillment and omnichannel retail. The company has enhanced its logistics and distribution network, supporting services like same-day delivery, drive-up order pickup, and in-store pickup. This integration of physical and digital retail has helped Target maintain relevance and convenience for a broad customer base.

Publicly traded on the NYSE under the symbol TGT and ranked 32nd on the Fortune 500, Target is recognized for its operational scale and financial stability. The company operates exclusively in the United States and does not franchise its stores. Its mascot, Bullseye the dog, and the Target Circle loyalty program are familiar to many consumers. Target is also known for its philanthropy and sustainability initiatives, including efforts in renewable energy and waste reduction.

For landlords, brokers, and developers, Target’s ongoing expansion, flexible store formats, and established reputation make it a sought-after anchor in a variety of retail environments. The company’s continued investment in both new and existing locations, as well as its omnichannel capabilities, positions it as a reliable and forward-thinking tenant in today’s evolving retail landscape.