Target’s Chairman and CEO, Brian Cornell, informs that Target has grown a whole lot over the last couple of years. In 2021, Target grew comparable sales by12.7%, on top of record growth in 2020. The final number of sales for Target in 2021 was $104,611 million. He expects this growth to continue since they have invested in the team, strategy and capabilities.

The future plans for Target is expanding the market by opening 30 new stores per year. Right now there exist around 2000 Target stores and the plan is to get more of them remodeled where Order Pickup and Drive Up is added to the store.

Cornell also focuses on other than straight up business; families. The report says “As recently as 2017, the main potential for Target lay in our purpose: to help all families discover the joy of everyday life.” So, even though Target is a great business it is emphasized multiple times in the report that getting stuff for people is the main purpose and makes Target important.