Targets Top Performance and Growth of Tens of Billions of Dollars in the Last Year
Target has grown tens of billions of dollars after completing two fiscal years. The investment in their team members and their families has contributed to this outstanding performance.
A new starting wage investment was set this year ranging from $15/hr- $24/hr with an expanded access to healthcare benefits. “Caring for and investing in our team is the best long-term investment we can make in our business,” wrote Brian Cornell.
2021 was a big year for Target, growing their sales by 12.7%. It’s digital growth was guided by the unique ability to fulfill more than 95% of all sales.
CEO Brian wrote, “Whats happening in our stores offers an illustration and proof that we’re just getting started.” With locations growing by $40 Million- $60 million Brian has managed to conduct a remodel in about half of the operating 2,000 stores.
The remodel program will enhance Order Pick up and Drive Up, and will include popular and productive additions like Ulta Beauty, Disney, Apple or Levis, or an updated and expanded grocery space. About 30 new Target stores will open each year, broadening their locations for a more diverse guest base.
Fine on the quotes and paraphrase, Byanka, but you need to make the source clear: “Target’s Annual Financial Report says investment in team members and their families has contributed to this outstanding performance.” Readers want to know where this is coming from.
You had a slightly different focus than your classmates, but it is valid just the same.