Is Target Owned by Walmart in 2024?

Target is a popular cooperation name known by all, especially the region of North America. It is a Company that has been through thick and thin over the years but has managed to overcome by coming out stronger. Also, it is a big retailing corporation that started small as a department store near the border of North Dakota in Minnesota.

It started small, but over the years, it has established different outlets across the states to reach all and serve all.

The question asked by people who know little about this corporation includes; “Who owns target?”, ” Is Target owned by Walmart?”. Answers will be provided in this blog post, just read through it all.

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Is Target owned by Walmart in 2024?

As of 2024, No, Target is not owned by Walmart. Although, Walmart acquired some Target stores. Both Target and Walmart are two different territories owned by different heads.

Target is a corporate chain in the United States that has succeeded in establishing over 1900 stores that offer different products at affordable prices. The operation of both companies in the product, price, etc might be similar but they are controlled by different people.

Target is owned by Target Corporation, initially, it was known as the Dayton-Hudson Corporation, but everything changes as of 2000, and this Corporation is led by the CEO known as CEO Brian Cornell. Below, I have provided all the relevant information regarding them.

All About Target Corporation

Target Corporation was birthed in 1962, with its headquarter in Minneapolis, Minnesota. It is a corporation that sells goods directly to its consumer (retailer).

Target earned the number eight largest retailer and 37th in the Fortune 500 list Category of U.S Corporation in the U.S.A because over the years of its establishment it has consistently given itself to know, understand, satisfy and serve its consumers better and successfully generated massive revenue.

It was established with the name Dayton-Hudson Corporation in 1962, the Dayton Company created it as a family business back then, but it became Target Corporation in 2000. It has 1926 stores all over the USA, with about 41 distribution centres being operated by this Corporation.

Before it was successfully launched in 1962, it was made known to the public in 1902 by George D. Of Dayton Dry Goods Company. He was a man in his twenties who enjoyed the air of travelling to the west to discover the retail potentials undiscovered, this air of travelling transported him far to the Minneapolis area. This was where he got what he was looking for.

After gathering experiences, The first Target store opened in 1962, Roseville, Minnesota and since then, it has not stopped expanding. It was this expansion that brought about the name reform in 2000. The mantra that has been guiding them was “Expect More, Pay Less?” and it has continually helped families reawaken the Joy in everyday life.

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What Is Target Known For?

A successful company as Target Stores are known to serve different people of all ages, and styles in Home gadgets, fashion products, accessories, groceries, pieces of furniture, entertainment, beddings, etc. You can shop digitally and in-store.

Target is known for its comfortable, convenient, and affordable shopping experience as well as its philanthropic acts. It gives donations and unused items to the Goodwill industry. These acts of kindness got Target the “World’s Most Admired Companies in 2010” on the 22nd Spot of Fortune Magazine.

If Target is Not Owned by Walmart, What Companies Do Walmart owns?

Walmart is a popularly retailing firm that owns a great number of companies such as;

• The Seiyu Group supermarket chain in Japan,
• Massmart in South Africa,
• ASDA Stores Ltd until it was bought by EC Group in 2021.

Walmart has over 4,700 stores across the U.S, and Modcloth, Moosejaw, Bonobos, etc. This hasn’t included equal investment, a seat on the board, and commercial relationships with other companies.

Other Brands Owned by Target

• A New Day,
• Made by Design,
• Room Essentials,
• Goodfellow&co.
• Project 62,
• Favourite Day,
• Boots and Barkley,
• All in Motion.

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Conclusion

Target is owned by Target Corporation and not Walmart. It offers a variety of products to satisfy its customers which can be ordered digitally or through visits to the storefronts.

Walmart acquired and renovated different Target stores to be used as their chain stores, but it never owned Target.

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