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Target Corporation

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A chain store or retail chain is a retail outlet in which several locations share a brand , central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many parts of the world. A franchise retail establishment is one form of a chain store. In 2005, the world's largest retail chain, Walmart , became the world's largest corporation based on gross sales.

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99-572: Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets , headquartered in Minneapolis , Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&;P 500 Index . The company is one of the largest American-owned private employers in the United States. The original Target retail store

198-425: A "Workforce Diversity Report" indicating that 50% of Target's 350K employees are people of color , and over half are women. The report also stated that within the corporate leadership team, people of color account for 24% of the team and 42% are women. On a retail level, 33% of stores are managed by people of color, with more than half of management positions occupied by women. Target is consistently ranked as one of

297-585: A big contributor with dioxins . Lois Gibbs, executive director of the Center for Health, Environment, and Justice, stated, "Target is doing the right thing by moving away from PVC and switching to safer alternatives." Other companies reducing the PVC on their shelves include Walmart, Microsoft , Johnson & Johnson , Nike , and Apple. Target is beginning to reduce energy use with energy-efficient storefronts and reducing waste with recycling programs. All Target stores in

396-549: A chain of teashops which became a staple of the High Street in the UK, and at its peak, the firm numbered around 200 cafes. The displacement of independent businesses by chains has sparked increased collaboration among independent businesses and communities to prevent chain proliferation. These efforts include community-based organizing through Independent Business Alliances (in the U.S. and Canada) and "buy local" campaigns. In

495-772: A change in compact direction, Starbucks management transitioned from a singular brand worldwide to focusing on locally relevant design for each store. In May 2014, Starbucks announced ongoing losses in the Australian market, which resulted in all remaining stores being sold to the Withers Group. In July 2017, Starbucks acquired the remaining 50% stake in its Chinese venture from long-term joint venture partners Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for US$ 1.3 billion. On March 21, 2018, Starbucks announced that it

594-820: A company called Goodfellow Dry Goods. The company was renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota , in 1962 while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation' after merging with the J. L. Hudson Company in 1969 and held ownership of several department-store chains including Dayton's , Hudson's , Marshall Field's , and Mervyn's . In 2000,

693-646: A food court. Target Greatland locations have since been converted to stores following the PFresh format beginning in 2009. The first SuperTarget hypermarket opened in Omaha, Nebraska , in 1995, and expanded upon the Target Greatland concept with the inclusion of a full grocery department. The company expanded their grocery assortment in 2003 and adopted the modified tagline "Eat Well. Pay Less." (in reference to their tagline "Expect More. Pay Less.") in 2004. In

792-659: A half-day behind a store counter each month, and he trained as a barista to immerse himself in the brand and stay close to customers. In June 2023, Starbucks was ordered to pay $ 25 million in punitive damages and $ 600,000 compensatory damages to a former regional manager. The court found that Starbucks fired her in 2018 because she was white. In October 2023, the operator of all of the Starbucks locations in Brazil, SouthRock Capital, declared itself bankrupt. SouthRock will continue to operate Starbucks locations normally while closing

891-538: A local coffee bean retailer for the first ten years in Seattle. It was founded by business partners Jerry Baldwin , Zev Siegl and Gordon Bowker who first met as students at the University of San Francisco : The trio were inspired to sell high-quality coffee beans and equipment by coffee roasting entrepreneur Alfred Peet . Bowker recalls that a business partner of his, Terry Heckler, thought words beginning with

990-474: A long-term housing solution for families of patients at the city's St. Jude Children's Research Hospital . The corporation led the way with more than $ 27 million in donations, which made available 96 fully furnished apartments for families needing to stay at St. Jude over 90 days. Target has a no-solicitation rule at its properties, as it seeks to provide a "distraction-free shopping experience for its guests." Exemptions to this policy were previously made for

1089-550: A news vending business in London that would become a national concern in the mid-19th century under the management of their grandson William Henry Smith . The world's oldest national retail chain, the firm took advantage of the railway boom during the Industrial Revolution by opening news-stands at railway stations beginning in 1848. The firm, now called WHSmith, had more than 1,400 locations as of 2017. In

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1188-478: A previous Dayton's logo. On March 9, 2021, Target announced a new brand called Favorite Day , a brand that sells bakery, snacks, candy, premium ice cream, cake-decorating supplies, and beverage mixers and mocktails items. It launched on April 5, 2021. Former brands include: Target.com owns and oversees the company's e-commerce initiatives, such as the Target.com domain. Founded in early 2000 as target.direct, it

1287-488: A semiautomated monorail picking system called the CaddyPick system for use in the food-distribution centers. The company operates four facilities to receive shipments from overseas manufacturers and suppliers. They are located near ports at Rialto, California ; Savannah, Georgia ; Lacey, Washington ; and Suffolk, Virginia . Merchandise received is sent directly to Regional Distribution Centers. Internet sales orders from

1386-497: A standard Target Distribution Center, each using the same dispatch office. Other warehouses owned by SuperValu are still used in other regions, but Target plans to replace those over the next few years. In Colorado, stores are serviced through FreshPack Produce Inc. of Denver . In the mid-Atlantic region / Philadelphia market, C&S Wholesale Grocers services the fresh produce, meat, dairy, bakery, and frozen-food needs to PFresh stores. Target partnered with Swisslog Holding to use

1485-465: A trial on the effects of radio-frequency identification (RFID) on the efficiency of their supply chain management in the Dallas–Fort Worth metroplex . This trial involved one Target distribution center and 10 nearby Target stores. Here, RFID tags were placed on the bar codes of pallets and cartons to track the goods from the suppliers to the distribution center, and from the distribution center to

1584-521: A week (up from $ 2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $ 150 million to schools across the United States through this program. Further evidence of Target's philanthropy can be found in the Target House complex in Memphis, Tennessee ,

1683-496: Is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle , Washington. It was founded in 1971 by Jerry Baldwin , Zev Siegl , and Gordon Bowker at Seattle's Pike Place Market initially as a coffee bean wholesaler. Starbucks was converted into a coffee shop serving espresso -based drinks under the ownership of Howard Schultz , who was chief executive officer from 1986 to 2000 and led

1782-478: Is indicative of their position that the grocery industry as a "high-impact, low-cost" side project. The company operated 239 SuperTarget locations as of September 2015; they each encompass an estimate of 174,000 square feet (16,200 m). In article written in August 2015, Target was quoted as saying, "Big or small, our stores have one thing in common: they're all Target." Since then, newer stores have opened under

1881-399: Is not affiliated with Target Australia . Target is notable for its focus on upscale, trend-forward merchandise at lower costs. Its stores typically sell general merchandise —including clothing, household goods, electronics, toys, and more—as well as groceries . Its name and logo refer to the center of a shooting target , and its canine mascot is named Bullseye . Target expanded throughout

1980-721: Is the company's brand-management division that oversees the company's private-label products. In addition, Bullseye (a white Bull Terrier ), is Target's mascot. Other private labels include brands launched in July 2016, during back-to-school sales. Eight Target private-label brands that launched in 2018: In addition, Target released three new intimates, loungewear, and sleepwear brands for women on February 25, 2019: On January 9, 2020, Target announced its new activewear brand, All in Motion , an athleisure line with products for men, women, boys, and girls. The brand's logo plays homage to

2079-456: Is the last remaining music chain store in the United States and has shrunk from over 1,000 at its height to 270 locations in 2018. In 2019, Payless ShoeSource stated that it would be closing all remaining 2,100 stores in the US. A restaurant chain is a set of related restaurants in many different locations that are either under shared corporate ownership or franchising agreements. Typically,

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2178-477: The Seattle Post-Intelligencer , the wholesale business was more significant. From 2005 to 2007, Howard Behar was president of Starbucks North America. In September 2006, rival Diedrich Coffee announced that it would sell most of its company-owned retail stores to Starbucks, including most locations of Oregon-based Coffee People, escalating regional coffee wars . Starbucks converted

2277-592: The COVID-19 pandemic , Starbucks closed all the café-only stores in the United States for two weeks. During that time, only drive-thru and delivery-only services were to function. According to the company representatives, all workers were to be paid for the next 30 days whether they went to work or stayed home. COVID-19 lockdowns caused Starbucks to suffer a general 10% sales decrease, and a 50% decrease in China where quarantine measures were especially strict. In May 2020,

2376-487: The Forbes Global 2000 , as of 2022. The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider variety of coffee experiences. Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee , espresso , caffe latte , full and loose-leaf teas , juices, Frappuccino beverages, pastries , and snacks. Some offerings are seasonal or specific to

2475-555: The Microsoft's Azure -based blockchain service. Two men were arrested in a Philadelphia Starbucks location after a manager claimed the two were trespassing on April 12, 2018. The arrests led to protests due to their apparently racially-motivated nature. CEO Kevin Johnson later apologized for the incident, and the company declined to press charges. During the company's second quarter earnings call on April 26, Johnson indicated that

2574-652: The National Federation of the Blind (NFB) filed a class action discrimination lawsuit in Northern California's Alameda County Superior Court, claiming that Target's commercial website contains "thousands of access barriers that make it difficult, if not impossible, for blind customers to use." Target Corporation settled the lawsuit in October 2008, paying $ 6 million and agreeing to work with

2673-491: The Pacific Northwest and Midwest , and the company was roasting more than 2,000,000 pounds (907,185 kg) of coffee annually. In June 1992, at the time of its initial public offering , Starbucks had 140 outlets, with revenue of US$ 73.5 million, up from US$ 1.3 million in 1987. The company's market value was US$ 271 million by this time. The 12% portion of the company that was sold raised around US$ 25 million for

2772-657: The Salvation Army red kettles and bell-ringers outside Target stores during the holidays through Christmas. In 2004, however, Target asked the organization to explore alternate methods to partner with Target. Target donates to local Salvation Army chapters through its grant program and annually to the United Way of America (the Salvation Army is a member of the United Way coalition). In 2005, Target and

2871-714: The San Francisco Bay Area , under the Circadia restaurant brand. At the same time, Starbucks converted its Seattle Circadia restaurant into a Café Starbucks. In 1999, Starbucks acquired Pasqua Coffee—a San Francisco -based retail coffee chain that had almost 60 locations in San Francisco, Los Angeles, and New York City. In April 2003, Starbucks acquired Seattle's Best Coffee and Torrefazione Italia from AFC Enterprises for US$ 72 million. The deal only gained 150 stores for Starbucks, but according to

2970-460: The "Tweet-a-Coffee" promotion in October 2013. On this occasion, the promotion also involved Twitter and customers were able to purchase a US$ 5 gift card for a friend by entering both "@tweetacoffee" and the friend's handle in a tweet . Research firm Keyhole monitored the progress of the campaign; a December 2013 media article reported that 27,000 people had participated and US$ 180,000 of purchases had been made to date. In January 2014, as part of

3069-538: The 2022 Fortune 500 list of the largest U.S. corporations by total revenue. It has been consistently ranked as one of the most philanthropic companies in the U.S. Attempts to take the chain international have proved unsuccessful. Target Corporation's headquarters is located on Nicollet Mall in Minneapolis. The history of what would become Target Corporation first began in June 1902, when George Dayton purchased

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3168-577: The 32-story Target Plaza South has 1,250,000 square feet (116,000 m) of space. In October 2014, Target completed construction of an 1,600,000 square feet corporate campus in Brooklyn Park, Minnesota called Target Northern Campus. Brian Cornell serves as board chairman and CEO of Target Corporation. In January 2016, Cornell began making home visits in an effort to understand better the needs and desires of his customers. In January 2016, Target fired Tina Tyler from her job as chief stores officer. She

3267-748: The Advancement of Colored People has repeatedly given Target failing grades on its annual Economic Reciprocity Initiative report card, a measure of the company's "commitment to the African-American citizenry". In 2003 and 2005, the NAACP has rated Target an "F" on this report; in 2004, Target was rated a "D−". In 2006, when Target was asked why it didn't participate in the survey again, a representative explained, "Target views diversity as being inclusive of all people from all different backgrounds, not just one group ." In September 2020, Target published

3366-476: The Dayton-Hudson Corporation was renamed to Target Corporation. The first Target discount store opened in Roseville, Minnesota, a suburb of Minneapolis–Saint Paul , by John Geisse on May 1, 1962. Present-day properties are roughly 135,000 square feet (12,500 m) and sell general merchandise, including hardlines and softlines . While many Target stores follow a standard big-box architectural style,

3465-497: The Diedrich Coffee and Coffee People locations to Starbucks. The Coffee People locations at Portland International Airport were excluded from the sale. In early 2008, Starbucks started a community website, My Starbucks Idea, designed to collect suggestions and feedback from customers. Other users could comment and vote on suggestions. Journalist Jack Schofield noted that "My Starbucks seems to be all sweetness and light at

3564-580: The NFB over the next three years improving the usability of the Target.com site. August 24, 2009, the United States Equal Employment Opportunity Commission (EEOC) filed a discrimination lawsuit against Target Corporation for unlawfully denying reasonable accommodation to an employee with multiple disability-based impairments and substantially reducing his work hours due to the medical conditions. According to

3663-470: The Salvation Army created a joint effort called "The Target/Salvation Army Wish List", where online shoppers could donate goods to the organization for hurricane victims by buying them directly from Target.com between November 25, 2005, and January 25, 2006. In 2006, they created another joint effort called "The Target/Salvation Army Angel Giving Tree", which is an online version of the Salvation Army's Angel Tree program; in addition to donating proceeds made from

3762-464: The Starbucks mobile app for prepayment by the customer before arrival to pick up the order. The layout of some stores will also be modified with a separate counter for picking up mobile orders. In December 2020, Starbucks announced that it is planning to increase its store count to about 55,000 by 2030, up from roughly 33,000. Bloomberg reported in July 2022 that the company was, through investment bank Houlihan Lokey , exploring selling its stores in

3861-727: The Target Check Card, which was later rebranded as the Target Debit Card. The Target Debit Card withdraws funds from the customer's existing checking account, and allows for up to $ 40 "cash back". The debit card allows guests to save 5% off each purchase. In late 2017, Target replaced its REDcard slogan, "Save 5% Today, Tomorrow, & Everyday with Target REDcard", when it rolled out new benefits for REDcard holders by offering exclusive products on Target.com and preorders with "Everyday Savings. Exclusive Extras." This global sourcing organization locates merchandise from around

3960-951: The Target Direct division, which operates from the Target.com website, are processed by the facility in Woodbury, Minnesota , with some support from Savannah, Georgia , and other vendors. New centers opened in Ontario, California , and Tucson, Arizona , in 2009. In 2021, during the COVID-19 pandemic, Target supply chain and inventory teams worked proactively to move products fast, and they hired more than 30,000-year-round supply chain team members to bolster their team. Several former Target Supply Chain Executives have been named Chief Supply Chain Officers at other large organizations across

4059-586: The Target name. While typical Target locations are about 135,000 sq ft (12,500 m), most "small-format" CityTarget stores are roughly 80,000 sq ft (7,400 m). The first stores were opened in July 2012, in Chicago, Los Angeles, and Seattle; the 160,000 square feet (15,000 m) location in Boston is the largest CityTarget and opened in July 2015. TargetExpress stores range from 14,000 to 21,000 sq ft (1,300 to 2,000 m);

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4158-547: The Target pharmacies enabled CVS to expand its market into Seattle , Denver, Portland, and Salt Lake City. The first Target Greatland location opened in Apple Valley, Minnesota , in September 1990. They were about 50% larger than traditional Target stores, and pioneered company standards, including an increased number of checkout lanes and price scanners, larger aisles, expanded pharmacy and photography departments, and

4257-492: The U.S. Supreme Court in 1931. Between then and 1933, 525 chain-store tax bills were introduced in state legislatures, and by the end of 1933 special taxes on retail chains were in force in 17 states. A chain store is characterised by the ownership or franchise relationship between the local business or outlet and a controlling business. While chains are typically "formula retail", a chain refers to ownership or franchise, whereas "formula retail" or "formula business" refers to

4356-532: The U.S. in the late 20th century, cementing its place in American popular culture. Its main competitors include Walmart and Amazon . The corporation also operates 41 distribution centers, a financial services division, a global capabilities center in Bangalore, India , and two criminal forensics laboratories. As of 2023, Target operates 1,948 stores throughout the United States, and is ranked No. 32 on

4455-689: The U.S., trade organizations such as the American Booksellers Association and American Specialty Toy Retailers do national promotion and advocacy. NGOs like the New Rules Project and New Economics Foundation provide research and tools for pro-independent business education and policy while the American Independent Business Alliance provides direct assistance for community-level organizing. A variety of towns and cities in

4554-542: The U.S., chain stores likely began with J. Stiner & Company, which operated several tea shops in New York City around 1860. By 1900, George Huntington Hartford had built The Great Atlantic & Pacific Tea Company , originally a tea distributor based in New York, into a grocery chain that operated almost 200 stores. Dozens of other grocery, drug, tobacco, and variety stores opened additional locations, around

4653-679: The US), or as exceeding municipal zoning authority (i.e., regulating "who owns it" rather than the characteristics of the business). Non-codified restrictions will sometimes target "chains". A municipal ordinance may seek to prohibit "formula businesses" in order to maintain the character of a community and support local businesses that serve the surrounding neighborhood. Brick-and-mortar chain stores have been in decline as retail has shifted to online shopping , leading to historically high retail vacancy rates. The hundred-year-old Radio Shack chain went from 7,400 stores in 2001 to 400 stores in 2018. FYE

4752-567: The UT-Austin campus. Nearly all of its planned openings through 2019 were small formats, which are less than 50,000 sq ft (4,600 m). The goal of these smaller-format stores is to win over the business of millennial customers. The nearly 30 newer locations were to be situated in college towns or densely populated areas. As of 2018, Target has four subsidiaries: Target Brands, Inc., Target Capital Corporation, Target Enterprise, Inc., and Target General Merchandise, Inc. Target Australia

4851-729: The United Kingdom. In August 2022, after months of suspension due to the Russian invasion of Ukraine , Starbucks sold all its stores in Russia to the Russian rapper Timati . The stores were rebranded as " Stars Coffee ", and are very similar to the former stores. Starbucks said it had no comment on the new owner. On October 1, 2022, Howard Schultz stepped down as CEO, with Laxman Narasimhan becoming Starbucks's next CEO. On March 23, 2023, Narasimhan told employees that he would work

4950-425: The United States use plastic carts with metal frames. In mid-2006, Target took it a step further when it began introducing a newer cart design made entirely of plastic. It also uses the same design in its hand-use baskets. Target released a 13-page report in 2007 that outlined their current and future plans for becoming more earth-friendly according to LEED . Such efforts include installing sand filtration systems for

5049-415: The United States whose residents wish to retain their distinctive character—such as San Francisco ; Provincetown, Massachusetts and other Cape Cod villages; Bristol, RI ; McCall, Idaho ; Port Townsend, Washington ; Ogunquit, Maine ; Windermere, Florida and Carmel-by-the-Sea, California —closely regulate, even exclude, chain stores. They don't exclude the chain itself, only the standardized formula

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5148-531: The United States. Notables are: Target Corporation has its headquarters on Nicollet Mall in Minneapolis near the site of the original Goodfellows store. The complex includes Target Plaza North and Target Plaza South . Ryan Companies developed the complex, and Ellerbe Becket served as the architect. Target had the roughly $ 260 million complex developed to provide one location of office space for 6,000 employees. The 14-story Target Plaza North has 600,000 square feet (56,000 m) of office and retail space, while

5247-839: The affected area to be used as command centers for relief organizations and donated supplies such as water and bug spray. Target will often donate its unused, returned or seasonal merchandise (particularly clothing) to Goodwill Industries . In 2007, Target Corporation agreed to reduce its sales on all materials containing polyvinyl chloride (PVC). Testers found toxic lead and phthalates and large amounts of PVC in toys, lunch boxes, baby bibs, jewelry, garden hoses, mini blinds, Christmas trees, and electronics. Several studies have shown that chemicals in vinyl chloride can cause serious health problems for children and adults. The University of Illinois Medical Center in Chicago states that people who use products containing PVC can become exposed with harmful toxic phthalates and lead, which eventually can become

5346-542: The aggressive expansion of the franchise across the West Coast of the United States . As of November 2022, the company had 35,711 stores in 80 countries, 15,873 of which were located in the United States. Of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed. It is currently the world's largest coffeehouse chain . The company is ranked 120th on the Fortune 500 and 303rd on

5445-412: The announcement, Target and Amazon had extended their partnership until 2011. In January 2010, Target announced their vendor partners for the re-platforming project. These partners include Sapient , IBM , Oracle , Endeca , Autonomy , Sterling Commerce , and Huge , among others. The re-platformed Target.com officially launched on August 23, 2011, effectively ending the partnership with Amazon.com. Over

5544-518: The chain uses, described as " formula businesses ". For example, there could often be a restaurant owned by McDonald's that sells hamburgers, but not the formula franchise operation with the golden arches and standardized menu, uniforms, and procedures. The reason these towns regulate chain stores is aesthetics and tourism. Proponents of formula restaurants and formula retail allege the restrictions are used to protect independent businesses from competition. Starbucks Starbucks Corporation

5643-466: The characteristics of the business. There is considerable overlap because key characteristic of a formula retail business is that it is controlled as a part of a business relationship, and is generally part of a chain. Nevertheless, most codified municipal regulation relies on definitions of formula retail (e.g., formula restaurants ), in part because a restriction directed to "chains" may be deemed an impermissible restriction on interstate commerce (in

5742-748: The claims in the EEOC press release, Target's actions violated Title I of the Americans With Disabilities Act (ADA) and Title I of the Civil Rights Act of 1991 . In February 2012, the company extended the team member discount to same-sex partners of employees. It had received a 100 on the Human Rights Campaign Corporate Equality Index Score, prior to donating funds to Minnesota Forward . The National Association for

5841-583: The closing of 150 locations in 2019; three times the number the corporation typically closes in a single year. The closings were to happen in urban areas that already have dense clusters of stores. In July 2019, Starbucks announced that it would no longer be selling newspapers in its cafés. It was also announced that kiosks for grab-and-go snacks and bags of whole-bean coffee would be removed from stores beginning in September 2019. In November 2019, Starbucks opened its largest store ever on Michigan Avenue , Chicago, with 200 employees. On March 20, 2020, due to

5940-557: The companies with whom Target has partnered. The retail chain's first distribution center opened in Fridley, Minnesota , in 1969. It included a computerized distribution system and was known as the Northern Distribution Center. During this time, the chain consisted of 17 stores after having expanded into Oklahoma and Texas. On August 9, 2004, Target announced to their suppliers that they were going to perform

6039-598: The company asked for reduced rent from landlords due to the decrease in sales. In June 2020, during the COVID-19 pandemic in the United States , the company announced that it would close 400 of its locations in the US/Canada region over the subsequent 18 months as it moves from the coffee house concept to what it calls "convenience-led" formats with drive-through and curbside pickup . Starbucks announced that it planned to open 300 stores that will primarily focus on carryout and pickup orders. The new stores will work with

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6138-542: The company had not seen a drop in sales as a result of the event and subsequent coverage. The company reiterated its guidance for full year earnings, and beat consensus expectations of 1.8 percent same-store sales growth, with 2 percent growth. Johnson announced that the company would close some 8000 locations on May 29 for a seminar about racial bias in order to prevent future events similar to those that occurred in Philadelphia. On June 19, 2018, Starbucks announced

6237-429: The company has focused on "customizing each new store to ensure a locally relevant experience [...] that best fit the surrounding neighborhood's needs" since August 2006. Initially, only SuperTarget locations operated Starbucks Coffee counters, although they were integrated into general-merchandise stores through their expanded partnership beginning in 2003. Many stores also feature Pizza Hut Express counters (at most in

6336-420: The company sold Marshall Field's and Mervyn's in 2004, target.direct became Target.com. The domain target.com attracted at least 288 million visitors annually by 2008, according to a Compete.com survey. In August 2009, Target announced that they would build and manage a new Target.com platform, independent of Amazon.com. This new platform was to launch in 2011, in advance of the holiday season. Prior to

6435-404: The company, which enabled it to double its number of stores over the next two years. By September 1992, Starbucks' share price had risen by 70%. In 1994, Starbucks acquired The Coffee Connection , gaining the rights to use, make, market, and sell the " Frappuccino " beverage. The beverage was introduced under the Starbucks name in 1995. In 1999, Starbucks experimented by opening eateries in

6534-475: The company, while his brothers split the remaining 49%. Under Isidore's (and later his son Louis') leadership, Maisons Dewachter would become one of the most recognized names in Belgium and France with stores in 20 cities and towns. Some cities had multiple stores, such as Bordeaux, France . Louis Dewachter also became an internationally known landscape artist, painting under the pseudonym Louis Dewis . By

6633-487: The early 1920s, chain retailing was well established in the United States, with A&P, Woolworth's , American Stores, and United Cigar Stores being the largest. By the 1930s, chain stores had come of age, and stopped increasing their total market share. Court decisions against the chains' price-cutting appeared as early as 1906, and laws against chain stores began in the 1920s, along with legal countermeasures by chain-store groups. State taxes on chain stores were upheld by

6732-495: The early 2000s, 43 locations (of nearly 100) featured E-Trade trading stations, although they were all closed by June 2003 after E-Trade determined, "we were not able to make it into a profitable distribution channel." When comparing itself with rival Walmart Supercenter hypermarkets, then-chief executive Gregg Steinhafel opined that Walmart operates like "a grocer that happens to also sell general merchandise," where in contrast, its less aggressive expansion of SuperTarget stores

6831-668: The first fish and chips restaurant (as opposed to a take-away) in London, and its instant popularity led to a chain comprising 22 restaurants with locations around London and seaside resorts in southern England including Brighton , Ramsgate and Margate . In 1864, the Aerated Bread Company (ABC) began operating a chain of teashops in Britain. ABC would be overtaken as the leader in the field by Lyons , co-founded by Joseph Lyons in 1884. From 1909 Lyons began operating

6930-594: The first opened in Dinkytown near the University of Minnesota in July 2014. Products in these flexible-format properties are typically sold in smaller packages geared towards customers using public transportation. Locations built in college communities often carry an extended home department of apartment and dormitory furnishings. In August 2015, Target announced that it would rename its nine CityTarget and five TargetExpress stores as Target beginning that October, deciding, "Big or small, our stores have one thing in common: they're all Target." The first small-format stores under

7029-805: The following month. Nick Wailes, an expert in strategic management of the University of Sydney , said that "Starbucks failed to truly understand Australia's café culture." In January 2009, Starbucks announced the closure of an additional 300 underperforming stores and the elimination of 7,000 positions. CEO Howard Schultz also announced that he had received board approval to reduce his salary. Altogether, from February 2008 to January 2009, Starbucks terminated an estimated 18,400 U.S. jobs and began closing 977 stores worldwide. In August 2009, Ahold announced closures and rebranding for 43 of its licensed store Starbucks kiosks for their US-based Stop & Shop and Giant supermarkets. In 2012, Starbucks had annual Frappuccino sales of over US$ 2 billion. In August 2012,

7128-566: The following year. The company's decision to close their garden centers opened floor space for PFresh expansion and larger seasonal departments beginning in 2010. On June 15, 2015, CVS Health announced an agreement with Target to acquire all of Target's pharmacies and clinic businesses for around $ 1.9 billion. The Target pharmacies were rebranded as CVS Health pharmacies, which totaled 1,672 pharmacies in February 2016. The Target clinics were also rebranded as MinuteClinic . The acquisition of

7227-513: The largest Starbucks in the US opened at the University of Alabama's Ferguson Centre. On June 25, 2013, Starbucks began to post calorie counts on menus for drinks and pastries in all of its U.S. stores. In July 2013, more than 10% of in-store purchases were made on customers' mobile devices via the Starbucks app . The company once again utilized the mobile platform when it launched

7326-476: The last few years, Target has been working to grow their fulfillment strategy via the orders placed through their website. As of May 2016, Target Corporation operates 41 distribution centers across the United States. With the exception of vendor-supplied items, such as greeting cards and soda, these distribution centers ship items directly to Target stores. Also, unlike Walmart, Target's grocery selection does not come from their own distribution centers, but from

7425-462: The letters "st" were powerful, leading the founders to create a list of words beginning with "st", hoping to find a brand name. They chose "Starbo", a mining town in the Cascade Range and from there, the group remembered "Starbuck", the name of the chief mate in the book Moby-Dick . Bowker said, " Moby-Dick didn't have anything to do with Starbucks directly; it was only coincidental that

7524-455: The locality of the store. Depending on the country, most locations provide free Wi-Fi Internet access. The company has been subject to multiple controversies related to its business practices. Conversely, its franchise has commanded substantial brand loyalty , market share, and company value . Starbucks originally opened in Seattle, Washington, on March 30, 1971. By selling high-quality coffee beans and equipments related, Starbucks became

7623-536: The moment, which I don't think is possible without quite a lot of censorship." In March 2008, Starbucks acquired Coffee Equipment Company , which was the manufacturer of the Clover Brewing System. It began testing the "fresh-pressed" coffee system at several Starbucks locations in Seattle, California, New York, and Boston. In July 2008, during the Great Recession , Starbucks announced it

7722-487: The most philanthropic companies in the US. It ranked No. 22 in Fortune magazine's "World's Most Admired Companies" for 2010, largely in part to the donation efforts of the company as a whole. According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%). Target donates around 5 percent of its pre-tax operating profit; it gives over $ 3 million

7821-785: The original owners of Starbucks, led by Jerry Baldwin , purchased Peet's Coffee . By 1986, the company was operating six stores in Seattle and had begun to sell espresso coffee. In 1987, the original owners sold the Starbucks chain to their former director of marketing Howard Schultz , who rebranded his Il Giornale coffee outlets as Starbucks and began to expand the company. Also in 1987, Starbucks opened its first locations outside of Seattle, in Waterfront Station in Vancouver , British Columbia, and in Chicago , Illinois. By 1989, there were 46 Starbucks stores located across

7920-430: The restaurants within a chain are built to a standard format through architectural prototype development and offer a standard menu and/or services. Fast food restaurants are the most common, but sit-down restaurant chains also exist. Restaurant chains locations are often found near highways , shopping malls and densely populated urban or tourist areas . In 1896, Samuel Isaacs from Whitechapel , east London opened

8019-532: The sales of limited edition Harvey Lewis angel ornaments within Target's stores. During the Thanksgiving holiday of 2006, Target and the Salvation Army partnered with magician David Blaine to send several families on a shopping spree the morning of Black Friday . The challenge held that if Blaine could successfully work his way out of a spinning gyroscope by the morning of Black Friday, then several families would receive $ 500 shopping certificates. The challenge

8118-990: The same time, so that retail chains were common in the United States by 1910. Several state legislatures considered measures to restrict the growth of chains, and in 1914 concern about chain stores contributed to passage of the Federal Trade Commission Act and the Clayton Antitrust Act. Isidore, Benjamin and Modeste Dewachter originated the idea of the chain department store in Belgium in 1868, ten years before A&P began offering more than coffee and tea. They started with four locations for Maisons Dewachter (Houses of Dewachter): La Louvière , Mons , Namur and Leuze . They later incorporated as Dewachter frères (Dewachter Brothers) on January 1, 1875. The brothers offered ready-to-wear clothing for men and children and specialty clothing such as riding apparel and beachwear. Isidore owned 51% of

8217-517: The second-oldest in the company. The reason cited was the need to ensure that Target remained competitive in the long term. In June 2009, Target opened a new distribution center to supply more than 60 stores in three states. SuperTarget and PFresh stores require fresh produce and refrigerated and frozen items. Food-distribution centers owned by SuperValu have been used by Target for many years. In October 2003, SuperValu's facility in Phoenix, Arizona ,

8316-611: The self-service snack bar), along with Starbucks . Target introduced the "PFresh" store prototype in 2008, which expanded its grocery selection in general-merchandise locations by upwards of 200%. Newly constructed stores that follow the PFresh format are roughly 1,500 sq ft (140 m) larger than properties without groceries, although retain the Target branding because their offerings are considerably more limited than SuperTarget. PFresh sells perishable and frozen foods, baked goods, meat, and dairy. The company remodeled 109 stores accordingly in 2009, and renovated another 350 stores

8415-479: The sound seemed to make sense . " The first Starbucks store was located in Seattle at 2000 Western Avenue from 1971 to 1976. They later moved the café to 1912 Pike Place. During this time, Starbucks stores sold just coffee beans and not drinks. In its first two years of operation, Starbucks purchased green coffee beans from Peet's Coffee & Tea . In 1973, Alfred Peet stopped supplying Starbucks and helped train their new Roastmaster, Jim Reynolds. In 1984,

8514-949: The stores' wastewater. Recycling programs will be aimed at garment hangers, corrugated cardboard, electronics, shopping carts, shrink wrap, construction wastes, carpeting, and ceiling tiles and roofing materials. All stores in Oklahoma will be partnered with Oklahoma Gas & Electric to exclusively use wind power for all Target stores to reduce greenhouse gas emissions . Stores nationwide use only LED and fluorescent lights and low-flow restrooms that reduce wastewater by 30%. Some Target stores are installing roof gardens or green roofs , which absorb stormwater and cut down on surface runoff , mitigate temperature fluctuations, and provide habitats for birds. There are currently four green-roof Target stores in Chicago. Retail chain In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as

8613-596: The stores. As of 2009, RFID had been phased out of the Dallas–Fort Worth stores. In 2016, Target planned to roll out the RFID technology at all 1,795 of its store locations across the United States. Target opened new distribution centers in 2006 ( Rialto, California , DeKalb, Illinois ) to support the growth of its stores. On January 27, 2009, Target announced the closing of its distribution center in Maumelle, Arkansas ,

8712-648: The unified naming scheme opened later that month in Chicago, Rosslyn , San Diego , and San Francisco. The company opened a 45,000 square feet (4,200 m) store in the Tribeca neighborhood of New York in October 2016. In that same month, three other similar-sized stores opened in Philadelphia , Cupertino, California , and the area around Pennsylvania State University . Target opened a 22,000 sq ft (2,000 m) store in Austin's Dobie Twenty21, adjacent to

8811-448: The world for Target and helps import the merchandise to the United States, including garments, furniture, bedding, and towels. Target Sourcing Services has 27 full-service offices, 48 quality-control offices, and seven concessionaires located throughout the world, and employs 1,200 people. Its engineers are responsible for evaluating the factories that do business with Target Corporation for quality, labor rights, and trans-shipment issues. It

8910-500: Was acquired by Target Corporation in 1998, was founded in 1916 as the Associated Merchandising Corporation, and was previously owned by the clients it served. TSS ceased operations in its department-store group, the division of the former Associated Merchandising Corporation that acted as a buying office for Saks, Inc. , Bloomingdale's , Stage Stores Inc. , TJ Maxx , and Marshalls . Target Brands

9009-501: Was closing 600 underperforming company-owned stores and cutting U.S. expansion plans amid growing economic uncertainty. On July 29, 2008, Starbucks also cut almost 1,000 non-retail jobs as part of its bid to re-energize the brand and boost its profit. Of the new cuts, 550 of the positions were layoffs and the rest were unfilled jobs. Additionally in July 2008, Starbucks announced that it would close 61 of its 84 stores in Australia in

9108-556: Was co founded by John Geisse and Douglas Dayton , the CEO of the Dayton corporation at that time. The Dayton corporation, now known as the Target Corporation, was the company John Geisse worked for when he founded the Target stores and was founded in Minneapolis by businessman George Dayton in 1902, and developed through the years via expansion and acquisitions. Target, the company's first discount store and eventual namesake,

9207-607: Was completed successfully by Blaine. During disasters, Target has been a major benefactor for relief efforts. Target provided monetary and product donations during the September 11 attacks ; it also donated money for relief efforts for the 2004 tsunami in South Asia and donated $ 1.5 million (US) to the American Red Cross in the aftermath of Hurricane Katrina in 2005. It also allowed its store properties in

9306-571: Was considering the use of blockchain technology to connect coffee drinkers with coffee farmers who could eventually be able to take advantage of new financial opportunities. The pilot program was planned to start with farmers in Costa Rica , Colombia, and Rwanda in order to develop a new way to track the bean-to-cup journey. In 2019, at the Microsoft Build conference , the coffee company formally announced its "bean to cup" program using

9405-690: Was converted to serve Target exclusively. The same change was implemented at the SuperValu center in Fort Worth, Texas . A new distribution center was constructed by Target in Lake City, Florida , to serve the Southeast, but it was operated by SuperValu until 2011, when it transitioned to Target. A fourth center in Cedar Falls, Iowa , opened in 2009 and is unique in that it is located adjacent to

9504-430: Was formed by separating the company's existing e-commerce operations from its retailing division and combining it with its Rivertown Trading direct-marketing unit into a stand-alone subsidiary. In 2002, target.direct and Amazon.com 's subsidiary Amazon Enterprise Solutions created a partnership in which Amazon.com would provide order fulfillment and guest services for Target.com in exchange for fixed and variable fees. After

9603-636: Was formerly a subsidiary of Target Corporation when it acquired Lindsays in 1968 until 1985, when it was sold to Coles Myer Limited . Financial and Retail Services (FRS), formerly Target Financial Services, issues Target's credit cards, known as the Target REDcard (formerly the Target Guest Card), issued through Target National Bank (formerly Retailers National Bank) for consumers and through Target Bank for businesses. FRS also oversees GiftCard balances. Target launched its PIN -x debit card,

9702-452: Was opened and founded by American business man John F. Geisse in 1962. The company became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and formerly held ownership of several department store chains including Dayton's , Hudson's , Marshall Field's , and Mervyn's . The parent company was renamed the Target Corporation in 2000. Despite the identical logo, name and similar type of outlets, Target Corporation

9801-604: Was replaced with long-time employee Janna Potts. On August 26, 2020, the headquarters building was broken into and damaged during the Minneapolis false rumours riot . Three Minnesota residents were later convicted of federal arson charges for setting fires inside the building during the riot. The company states that "individuality may include a wide spectrum of attributes such as personal style, age, race, gender, ethnicity, sexual orientation, language, physical ability, religion, family, citizenship status, socio-economic circumstances, education, and life experiences." In February 2006,

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