Introduction
Two of the world’s largest retailers are Target Corporations and Walmart. Particularly in the US, they represent a big part of general retail sales. During the pandemic situation, they have been some of the essential retailers and have been able to remain open. Both of them are very successful and famous. Does Target work under Walmart? Is Target Owned By Walmart? Well, to know more about both of the stores and their ownerships keep reading the article.
Is Target Owned By Walmart?
No, Target has no connection with Walmart. Hence it is not owned by Walmart. Target is a popular retail store chain in the US. The same goes for Walmart. They both are individually successful and not related to each other in terms of ownership.
What companies does Target Own?
Target is one of the most successful retailers of all time. The company claims that 75% of the country’s population lives within ten miles of a Target store which gives them a lot of profit. Their success is consistently placing them among the top 40 companies all around the world. The assets owned by Target are not as much as owned by Walmart, but still, they are:-
- Target General Merchandise Incorporation
- Target Enterprise Incorporation
- Target Capital Corporation
- And Target Brand Incorporation
What companies does Walmart Own?
Walmart does not own Target Corporations, but there are many other companies owned by Walmart. take a look below here to know more about what companies come under Walmart’s ownership:-
- Vudu
- Moosejaw
- Sam’s club
- ModCloth
- Jet.com
- Art.com
- ELOQUII
- Seiyu Group
- Bare Necessities
- Bonobos
- Massmart
- Aspect
- Amigo
- Hayneedle
- Shoes.com
- Lider
- CARICO
- Asda Stores
- Flipkart
Why is Target successful?
The combined revenue of Target is quickly approaching the 100 billion dollar mark. It puts the company in the list of top 10 retailers in the country. The revenue constantly places it along with the top 40 of all companies in the world. They have a dedicated following and an overall positive reputation. The factors that helped to make them better than others and successful are as follows:-
- Part of a larger company- Target was started as a much larger company. Target was associated with Dayton’s company which provided its initial popularity.
- Charity work- George Dayton the founder of the company Target was known for being very religious. He was always attracted to help the poor. He was known for donating a good percentage of those early profits to Charity. In 1918 he dedicated one million dollars to the Dayton foundation which is currently present as the Target foundation.
- Forward-thinking- Target always goes ahead of time. They were among the first to offer their employees a retirement plan in 1944. They Created a discount store because of public demand. In the 1990s they started opening bigger versions of their store called Target Great Land or Super Target. In 1988 they were the first retailer to implement barcode scanning in all of their stores. This gave them an advantage in customer wait times.
- Price and quality balance- the president of the company described Target as a quality store with quality merchandise at discount prices. Even in the tough situations of CoVid19, they made sure to do their best to keep the costs of their products minimum to help the poor.
Why is Walmart successful?
How did Walmart become this successful? This is a question to talk about for sure. The reasons for Walmart being successful are as follows:-
- Vision-with any organization you need to have a vision. The vision of a company is an incredibly important building point. Our company will need to have a vision that will inspire people. The vision of Walmart was to reduce the cost of living for people in need. For the people who live in small rural areas, it is hard enough to afford food and basic requirements.
- Innovative business practices- the business tactics of Walmart are always unique from other companies. Walmart became the world’s largest company by revenue with its 478 billion dollars in failure because of its outstanding business tactics.
- Employee Benefits- Walmart is known as the world’s largest private employer with 2.3 million employees worldwide. Walmart is very helpful when it comes to its employees. They have multiple benefits for their employees and workers.
- Charitable donations- the company did so many good things for the public to attract people as customers. In recent years Walmart’s charitable donations have been nearly 1 billion dollars per year.
Conclusion
In conclusion, Target is not owned by Walmart. The battle of these two biggest stores of the United States will never turn off. Both of the stores are highly appreciable. Depending on what your choices are as a customer both stores are good individually.
FAQs
- Who currently owns Target?
Brian Cornell is the chairman and CEO of Target currently.
- Does Target own Costco?
No, Target does not own Costco.
- Is Costco owned by Walmart?
No, Costco is not owned by Walmart.
- Is Sam’s Club owned by Walmart?
Yes, Sam’s Club is owned by Walmart.
