Target’s efforts in caring for families and their team have led them to tremendous growth in 2021.

In its annual report, Target announced that they grew by tens of billions of dollars since the pandemic. According to CEO (Brian Cornell), “we’ve invested more than ever in our team members and their families, contributed to meaningful gains in diversity, equity and inclusion, and organized environmental and social sustainability for the decades ahead.” Their focus on families has played a big part in their growth.

Cornell also goes on to say that “caring for and investing in our team is the best long-term investment we can make in our business.” Their efforts in providing families with joy have led to better business performance and will continue to do so.

Some new incentives were also a part of their growth. Such as the remodeling of 2000 stores, so far, opening about 30 new stores a year, and investing 300 million dollars on increasing the starting wage from 15 to 24. They grew sales by 12.7% compared to last year.

Target is satisfied with the growth but believes target has so much more potential ahead. They will continue to provide tremendous growth for shareholders and stakeholders.