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The company made its first expansion with the acquisition of the Minneapolis-based jeweler J.B. Hudson & Son right before the Wall Street Crash of 1929; its jewelry store operated in a net loss during the Great Depression, but its department store weathered the economic crisis.
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. [3]
Closed the majority of its retail stores in 2021 mainly due to the COVID-19 pandemic, with merchandise moved online and to department stores such as Target and JCPenney.
It's updating existing locations, building more than 300 new stores over the next decade, and also broadening store-owned brand offerings for more cost conscious customer choices.
The Minnesota-based retailer is expanding its partnership with Canadian department store Hudson’s Bay to sell its private-label children’s clothing line.
Target will limit which stores sell LGBTQ-themed products following last year's firestorm over its decision to sell products designed for transgender people.
