To begin the report there are words to the shareholders about what Target is doing now and what Target aimes to do in the future. With strategies, teamwork and discipline there is continuous growth in many business markets. The report also recognizes that all of the recent growth has not been steady in that the years of the pandemic, 2020 and 2021 there was a massive spike in growth rates. The team was able to deal with this because the fundamentals of the team were set. This shows the importance of vigorous investment the team. In 2022 with the unnatural year and the large shifts in the way people buy, still Target grew by more than $3 billion. Now Target is $30 billion larger than it was in 2019.

Next there is talk about the trust and loyalty customers have in Target. “A significant part of this growth has been driven by traffic. Last year’s traffic gain of 2.1% marked the sixth straight year of growth in this
key metric.” It shows that as needs of customers changes Target is still the place to go to have their needs met. also target is flexible in what they products they provide and this focus consistently brings growth.

Then there is more about the growth Target has seen and that the trajectory for Target’s future is bright. In the report it states, “We expect these advances in efficiency to result in $2 to $3 billion in savings in the years ahead.” The team will be focusing on the fundamentals to make this happen.

More of what works is support of the team as a whole as they are the heart. Investment in expansion plans as well as digital expansion. Delivering a steady flow of interests, and delivering affordable joy. Target is going through an unpredictable landscape and many challenges are to be faced but they are optimistic as a team and what they represent.