Letter to shareholders

Target has substantial growth prior to covid and continued to shock the world when their growth was still growing during the pandemic. Target’s CEO Brain Cornell says, “I’ll say that no one understands better than our team how much potential is in front of us. 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”.

Now obviously target has battled through not only all the adversities but than Covid-19 came and took the world by storm like we were standing still. Target now had to face that and still managed to take the public in and make them feel normal. “In 2021, we grew comparable sales by12.7%, on top of record growth in 2020.” Target managed to grow more during covid than all of 2020 so far and that was simply because of the fact that, “Virtually all of that growth was driven by traffic gains, which means that week after week, more guests keep turning to Target.”

Now, obviously you cannot have this much growth without a team who actually does care, Chairman Brian Cornell says, “In the simplest terms, we’ll keep growing because we’ve invested in the team, strategy and capabilities to do what’s at the very heart of our company culture: take care of the millions of families who comprise our team and guests, communities, partners and shareholders.” Brian knows that Target will remain one of the biggest corporations because of the simple fact that his employees care about the future of the company and care about the public, so people will continue to choose target over any other store in the country.

One thought on “Letter to shareholders

  1. fuglsang

    This was not an opportunity to be a cheerleader, Jax. This is mostly quotes, You will need to practice paraphrasing. You also need to include somewhere the source of the info: Target’s annual report. Otherwise people will think you’re the source and be skeptical.

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