Target’s Main Competitors.

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.”