Target has been around since 1902 and in that time, it has grown into the number 2 retailer in the United States behind Walmart, with over $72 billion in sales as of 2013.Lets discuss about Target Statistics.
Whether you like the company or not, there’s no denying that Target has done an incredible job growing its business, even in this difficult economic climate.
Analyze target company statistics
You might be surprised to learn that there are many interesting Target statistics that you probably aren’t going to find anywhere else.
- Key Market Segments
Women ages 25–54: The marketing industry refers to these consumers as super consumers. In general, they make purchasing decisions for their households and actively engage with businesses and brands.
- They are more likely than other demographics to talk about and share their experiences. Millennial Parents: This cohort is defined by a Nielsen report as moms or dads between ages 22 and 38 with a household income of at least $35,000 who have kids under 18 in their household.
- They tend to live in urban markets with high median incomes and substantial spending power. (Approximately 1/3 has college degrees.) Members of this demographic are social media savvy, making up 43% of users on Pinterest and 32% on Instagram.
- African Americans: According to Nielsen’s Black Consumers: Still Vital, Still Growing report, African Americans made up 14% of the total U.S.
population growth from 2000 to 2010. according to target statistics
- Although historically underserved by marketers, that number is expected to continue increasing as overall population growth increases faster among Blacks than among any other group. Millennials: A recent study commissioned by Google revealed that 90% of Millennials use smartphones while shopping in stores; 83% use search engines while shopping online; 79% use social networks when shopping online; 72% check websites via mobile devices; 67% ask friends for product advice; 45% ask strangers for product advice; 31 percent listen to music when shopping in stores and 49 percent read digital magazines when shopping offline.
- Profitability Analysis
It might seem obvious, but knowing your business’s profitability is critical.
- Why? Because you can use profitability ratios (such as operating profit margin or return on assets) to determine how well your company is performing.
For example, if you know that your company is making $1 million a year in sales with an operating profit margin of 20%, you know that for every dollar of sales it takes just 50 cents in expenses to produce that revenue. So if revenues fall, you have time to react—and can cut expenses accordingly—before things get really tight. If those numbers drop overnight, however, it could put you in a tough spot financially and make it impossible for you to take any action until your next scheduled period ends.
- Production, Capacity, and Reserves
Total proven oil reserves are calculated as of December 31, 2011, at 3.4 billion barrels, with a net present value of $183.2 billion. In 2011 they produced 739 million barrels (net) with a total production capacity of 1.3 billion barrels per day. Of these daily capacities, 9% are dedicated to Exploration and Production; 78% is dedicated to Refining and Marketing; 4% is dedicated to Gas & Power; and 5% is dedicated to Chemical & Polymer production. Their market capitalization in January 2012 was $108B USD – making them one of world’s top 20 most valuable companies!
Since there are limited data on targets, ratios can be useful metrics for estimating values and comparing comparable companies. Some of these important ratios include: Return on Equity (ROE) : In general, ROE is a great indicator of how effectively management turns its assets into profits for investors. It shows how much profit a company generates with each dollar of assets it controls. A high ROE generally indicates that a company’s management is skilled at allocating capital and turning profits. Return on Assets (ROA) : This metric shows how profitable companies are relative to their total asset base, which can shed light on operating efficiency and overall financial health.
- Ratio Analysis
When you’re analyzing a stock, it can be helpful to also look at its sector. In some cases, that might mean looking beyond your industry: for example, if you sell retail stocks and are researching a health care equipment provider, it makes sense to compare its fundamentals with those of similar companies in different sectors. Fundamental analysis isn’t perfect; other factors—including changes in interest rates or certain macroeconomic events—can cause entire sectors (not just individual stocks) to perform poorly. But looking at how a company compares against competitors within its sector gives you an additional perspective on whether or not it is worth investing.
- Profit Margin Analysis
It’s difficult for new businesses—and even established ones, in some cases—to get a clear picture of where their company is at financially. It takes time to keep up with sales, expenses, and balance sheets. Here’s how you can find out important information about your business quickly: Profit margin analysis is a great first step in determining whether your business model makes sense. It helps you figure out how much you have left over after paying off all of your costs, which gives you an idea of what kind of profits you’re generating as well as what kind of expansion potential there is going forward. Looking at price per unit or cost per unit can also give you valuable insight into pricing strategies, revenue, and margins.
