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Financials: Latest Results
Rank: 28 (Previous rank: 31)
Compare tool: Target vs. Top 10
CEO: Gregg W. Steinhafel
Address: 1000 Nicollet Mall
Minneapolis, MN 55403
Phone: 612-304-6073
Website: www.target.com
In addition to coping with the suddenly thrifty habits of its customers, Target management spent much of last year taking hits from Pershing Square Capital's Bill Ackman. The hedge fund manager has amassed about 8% of the float of Target shares, and he is using it like a cudgel, trying to get the company to offload its credit card business, buy back shares and add him and other hand-picked experts to the board.
With that in the background, Target also needs to rethink its mix of merchandise: While Wal-Mart has been growing its market share during the recession with rock-bottom prices, Target has been struggling mightily. - M.C.
| $ millions | % change from 2007 | |
|---|---|---|
| Revenues | 64,948.0 | 2.5 |
| Profits | 2,214.0 | -22.3 |
| Assets | 44,106.0 | |
| Stockholders' equity | 13,712.0 | |
| Market value (3/27/2009) | 25,718.8 | |
| Profits as % of | |
|---|---|
| Revenues | 3.4 |
| Assets | 5.0 |
| Stockholders' equity | 16.1 |
| Earnings per share | |
|---|---|
| 2008 $ | 2.86 |
| % change from 2007 | -14.1 |
| 1998-2008 annual growth rate % | 11.2 |
| Total return to investors | % |
|---|---|
| 2008 | -30.1 |
| 1998-2008 annual rate | 3.2 |
Industry: General Merchandisers
| Rank | Company | 500 rank | Revenues ($millions) |
|---|---|---|---|
| 1 | Wal-Mart Stores | 2 | 405,607.0 |
| 2 | Target | 28 | 64,948.0 |
| 3 | Sears Holdings | 49 | 46,770.0 |
| 4 | Macy's | 96 | 24,892.0 |
| 5 | J.C. Penney | 139 | 18,486.0 |
| 6 | Kohl's | 155 | 16,389.0 |
| 7 | Dollar General | 259 | 10,457.7 |
| 8 | Nordstrom | 301 | 8,573.0 |
| 9 | Dillard's | 358 | 6,988.4 |
| 10 | Family Dollar Stores | 359 | 6,983.6 |
| 11 | Bon-Ton Stores | 654 | 3,225.4 |
| 12 | Saks | 677 | 3,082.0 |
| 13 | Retail Ventures | 930 | 1,885.0 |
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Issue date: May 4, 2009
Figures are for fiscal year ended Jan. 31, 2009.
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