Target is one of the top discount retailers whose primary source of revenue
comes through providing competitively priced products to consumers. Mark has a
vast customer base in the US. The main competitors of Target are Wal-Mart and
Costco Wholesale. Businesses like Target do not directly manufacture or produce
consumer goods, and their job is to obtain these products from contractors and
manufacturers at low prices. The industry in which Target operates is currently
experiencing a lot of pressure due to the comparative price model that Amazon
is running.
Target and other similar natured department stores like Walmart and Costco
offer customers an array of consumer goods, and to do this, they have deployed
complex inventory management. Their main advantage comes from providing these
goods to consumers at competitive prices. For this, Target is dependent on
staple products like clothes, household goods, and food.
The sales of Target are greatly affected by the disposable income of its
customers. The overall strength of the economy is also interlinked with the
retail sales of a target as well as their profitability. Any predictions of
their future growth and expansion are solely based upon their constant
competition in…
Read more “Target’s Main Competitors.”