Through responsible management, Target tells its shareholders that “This discipline and alignment have produced continuous growth through a wide range of business environments, with ample
opportunity still ahead of us”. Even with the pandemic in place Target still managed to maintain high growth rates.

Target is constantly trusted. They are continuously building trust and loyalty between them and their guests. Due to Target having these trustful fundamentals in place it has allowed them to make the sales they have. It was said that “customers purchased a total of $55 billion in apparel, home and hardlines in 2022”. This could not have been possible without Target’s constant building of their guest relationships.

Target’s overall goal was to grow total revenue, which would lead to growth in operating income and earnings per share. Some of the variables in this model though have “significantly changed for the better”, according to Target. Target expects to make more revenue gains compared to the marks in 2019. Another way they expect to change is simplifying Target through seeking tremendous opportunities. They are are expecting $2 to $3 billion dollars in savings that will be used for fuel for future growth.

In 2023, Target plans to continue the same strategies, but they are planning to accelerate key growth drivers this year. Shareholders will see a focus on digital expansion, enhancement of guest loyalty, strengthening of media, and advancing Target forward. Target is committed to serving its guests no matter the challenges.