Target Corp., renowned as America’s second-largest discount retailer, sets itself apart by offering stylish products at prices that won’t break the bank. The company, headquartered in Minneapolis, has carved out a niche by collaborating with a dynamic lineup of designers. As of the close of FY25, Target boasted 1,978 stores across the United States, covering a vast area of 248 million square feet.
In a strategic move back in December 2015, Target shifted its focus by selling its in-store pharmacies to CVS. Fast forward to the fiscal year ending on February 1, 2025, and the company reported impressive total revenues amounting to $106.6 billion. Notably, Target’s proprietary brands contributed $31 billion to this figure.
The digital arm of the business is also growing significantly. Sales through Target.com accounted for about 19.6% of the total revenue in FY25, showing a healthy increase from 18.3% the previous year and a significant jump from 8.8% in the fiscal year 2020, before the pandemic struck. It’s worth noting that Target’s fiscal calendar wraps up on the Saturday nearest to January 31.
