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Project - Essay Example

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Their consumers or “guests” as referred to in the 10-k report are both in store and online. In store, there is a wide arrangement of food that can be bought, but this section online…
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Download file to see previous pages Summaries of how the CEO or Chairman evaluates the firm’s past performances.
A top priority in the past year was our continued journey to becoming a truly omnichannel retailer. We intensified our focus on providing a guest experience that seamlessly integrates physical and digital shopping, while offering outstanding convenience and a compelling assortment of distinctive style and exceptional value. Enhancements to Target’s mobile app; the launch of Cartwheel, our social savings program; strategic acquisitions that expanded our online assortment; and the rollout of pick-up-instore capabilities ensure that our guests can shop whenever and however they want. And, the increased development of our technology and evolution within our supply chain further support our omnichannel transformation. In addition, 2013 marked the largest single year of store growth in Target’s history. On top of 19 new stores in the U.S., we opened 124 stores and three distribution centers in Canada. We are proud of our team’s incredible dedication and commitment to achieving this unprecedented international expansion, but we are disappointed in our financial performance during our first year in Canada, which resulted in much higher than expected earnings dilution. We believe the operational changes we have made will deliver stronger performance in 2014, and we remain confident that our Canadian segment will prove to be an excellent investment over time. Finally, last year we also sold our entire consumer credit card portfolio to TD Bank Group. We’re very pleased to have reached the right agreement with the right strategic partner in a transaction that removes these more volatile assets from our balance sheet and allows us to continue offering valuable debit and credit payment options and rewards to our guests.
4. Future strategy: Find the letter to shareholders from the CEO or Chairman in the Annual Report to Shareholders described in the Information Source 2. Copy ...Download file to see next pagesRead More
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