Target Corporation is a major American retail company that operates over 1,800 stores in the United States. It was founded in 1902 as the Dayton Dry Goods Company and later rebranded as Target in the 1960s. The company is known for its wide selection of products, including clothing, home goods, electronics, and groceries.
The corporate structure of Target is hierarchical, with a clear chain of command and a defined system of authority. At the top of the hierarchy is the Board of Directors, which is responsible for setting the overall direction and strategy of the company. The Board is made up of executives from various departments within the company, as well as independent directors who bring a diverse range of expertise and experience to the table.
Underneath the Board of Directors is the executive leadership team, which is responsible for implementing the strategies and policies set by the Board. This team includes the Chief Executive Officer (CEO), the Chief Financial Officer (CFO), and other senior executives who oversee different areas of the company's operations.
Below the executive leadership team are the various departments and divisions that make up the company. These include the Merchandising division, which is responsible for buying and selling products; the Marketing division, which handles advertising and promotions; and the Supply Chain division, which manages the logistics of getting products from the supplier to the store. There are also regional teams that oversee the operations of Target stores in different parts of the country.
At the lowest level of the corporate structure are the store employees, who work on the front lines of the business and interact directly with customers. These employees are managed by store managers and district managers, who are responsible for ensuring that the store is running smoothly and meeting the company's performance targets.
Overall, the corporate structure of Target is designed to ensure that the company is able to operate efficiently and effectively, with clear lines of communication and accountability at all levels. This structure has helped Target become one of the most successful retailers in the United States, with a strong presence in both physical stores and online markets.