Christian Riha's Blog

Target has grown by “tens of billions,” according to Brian Cornell, the chairman and CEO of target, after completing its second fiscal year and looking to only grow in its third.

Mr. Cornell stresses throughout this whole report that target as a whole has really been trying to focus on protecting the family members of their employees as much as they can through he constant changing world and the struggles of the pandemic still effecting them.

They also discuss that a lot of the Target stores have seen growth from 40 million to 60 million in sales and that nearly 2,000 stores still have not been touched by the remodeling program as well. The new remodel program will add things such as, “same-day services like Order Pickup and Drive Up, will receive highly popular and productive additions like Ulta Beauty, Disney, Apple or Levi’s, or updated and expanded grocery space.”

Target is also very committed to giving their employees the payment they deserve. More than 300 million dollars have been put in to set up the new starting wage range from 15 to 24 and also expanding access to healthcare benefits for more members and their families.

It seems like the amount of potential that Target has for the upcoming years is very bright. The new additions to the store will provide a lot of growth in income. Cornell ended the page with a comment that leaves shareholders to be hopeful, “When I reflect on how we’ve pulled together through adversity, and how we’re more tightly connected than ever through our culture, I can’t think of a team that is better suited to take care of our guests and communities.”

~ by Christian on .