In: Finance
Please find these for Target Corporation (TGT)
[1] These can be from the 5 direct competitors, but make sure to show the numbers of the comparison criteria
Target (TGT) is a discount retailer which generates revenue by offering competitively-priced consumer goods.Based on that following are the competitiors based on different criteria.
Direct comprtitiors of the company
Wal-Mart Stores (WMT) and Costco Wholesale (COST).
Target typically appeals to customers who enjoy higher incomes by emphasizing high-quality merchandise and low-cost designer fashion. Walmart's emphasis on low prices typically draws shoppers with lower household incomes. Costco shoppers are often affluent, suffering less direct impact from a general market recession than Target and Walmart customers.
Target competes directly with Costco for these customers while also striving to compete with Walmart's prices, positioning itself competitively among lower-income shoppers. Future growth for discount retailers such as Target relies on the ability to connect with customers, keep margins strong enough to provide investors with a solid profit, and benefit from current economic conditions. These companies must provide products which drive sales by motivating customers to shop.
Costco, Target, and Walmart all keep profit margins as high as possible and seek cost-reduction measures as a means of increasing profit. During lean economic conditions, expansion into competitor territories often helps retailers gain market share while protecting profit margins by closing stores with poor sales performances.