12 Surprising Facts About Target

12 Surprising Facts About Target

Target Corporation is one of the largest chains of discount retailers in the whole United States, only being surpassed by Walmart in terms of size. Target Corporation has a lengthy history, which has given it the roots on which its success is built, so it shouldn’t be surprising to hear that. It ranks the top eighth largest retail store in the United States.

Target is a well-liked location for smart consumers both digitally and physically, yet most people are unaware of the details or numbers that support this massive retailer. Even the most loyal customers probably don’t know these astonishing Target statistics, which we’ve compiled here.

Target Corporation

12 Shocking Facts About Target You May Not Know

1. Logo that is quite recognisable
Target is a great illustration of a company that has achieved great success in creating a distinctive logo. For evidence, consider the surveys that claim that more than 95% of Americans are able to recognise Target’s bullseye logo, which was a wise choice given the retailer’s name.

2. Name changed severally before ‘Target’ was chosen.
George D. Dayton, a native of New York, founded the company that is today known as Target Corporation in 1902 under the name Goodfellow’s Dry Goods Company. Dayton took over ownership of the company in 1903 and changed its name to Dayton Dry Goods Company; it wasn’t until 2000, after a number of more name changes, that the company’s legal name was finally changed to Target Corporation.

3. In 1979, Target achieved their first $1 billion in sales.
A pivotal year for the Target Corporation was 1979. During this period, the company’s 74 Target stores alone generated its first $1 billion in yearly sales.

4. Launched 11 stores; same day, same city.
The company chose to enter the Windy City, Illinois, with a boom, launching eleven outlets simultaneously, instead of just one.

5. Their intentionally cheap prices.
You might occasionally think that Target’s discounts are too good to be true, but don’t worry—precisely that’s what the retailer wants. According to the company’s website, the first Target was established in the 1960s as “a new kind of mass-market discount store that caters to value-oriented shoppers seeking a higher-quality experience.”

6. Target attempted to grow into Canada but failed.
Target launched its first store in Canada in March 2013 and swiftly expanded to 133 stores there by January 2015. Target Canada failed due to a mix of fierce competition and a small variety, and in April 2015 the company’s Canadian operation permanently closed down, alleging losses of $2.1 billion.

7. Target stopped selling cigarettes in the 1990s.
Target discontinued selling cigarettes in the 1996 because they didn’t want children to have easy access to them.

8. A Target customer is 40 years old on average.
Target attracts customers of various ages and demographics, but the business has discovered that its typical customer is around 40 years old with an annual family income of roughly $64,000.

9. They are a significant player in the retail fashion industry.
Target is a major force in the fashion business because to their selection of cute and reasonably priced goods. They once partnered with TJ Maxx for a survey that looked into people’s favorite retailer.

10. The late 1990s saw the introduction of the mascot Bullseye.
Bullseye, the charming bull terrier with the Target emblem around his eye, is what most people now connect Target with, but she wasn’t officially introduced to the company until 1999 w hen the corporation first used the well-known dog in a commercial..After she became popular with consumers, she continued to appear in subsequent commercials and adverts.

11. The shopping carts at Target are eco-friendly.

Red shopping carts from Target are not only consistent with the brand but also ecologically friendly. This is so that the manufacturer can recycle the materials used to make the carts. (And as an added plus, they weigh up to 20 pounds less than standard metal ones!)

12. Unsold goods are given to other businesses by Target.
Target do give out unsold goods to thrift stores in the hopes that it will find a suitable home for it.

How to Sell a Target Gift Card in Nigeria?

Since there isn’t a Target shop in Nigeria right now, you can sell a Target gift card for cash. NOSH is an online marketplace where you can trade your gift cards for cash. You can quickly swap a Target gift card for naira using the NOSH, and you are not restricted to that; you can exchange any gift card for naira.

The actual trading process is rather simple to comprehend:

  1. Download the app, create an account or log in.
  2. Choose ‘Target’ under your gift card category
  3. Enter the value of the card you want to sell.
  4. Submit your request
  5. You will receive a response from the platform in less than 5 minutes.
  6. Once the gift card has been confirmed, the naira equivalent will be paid to you.

You can contact NOSH support via email: help@nosh.ng, or via live chat (on the mobile app or on the site) if you prefer a more interactive session.