Strengths • • • • Brand Image Brand Recognition Diversity Philanthropy Weaknesses • Stores • Less Options than Sam’s Club • Legal Interpretation Opportunities • Strong Policy • 3 States • Demographics Threats • • • • • Wal-Mart Sam’s Club Costco Kohl’s Kmart Target’s Competitive Advantages Perceived advantage in the industry • Store Image: Clean, attractive, organized, colorful, smells like popcorn! • Located at front: customer service desk, photo shop, bridal and baby registry, snack bar, restrooms, weekly ad display and dollar section. • Eye catching, colorful merchandise displays • Convenient store layout Superior Products & Brand Names • World-class designers such as: Mossimo Giannulli, Isaac Mizrahi, Liz Lange, Michael Graves, Todd Oldham and many more. • Fashionable clothing, shoes, home décor and just about anything else you can think up! • A first in the Pharmacy industry- clear, colorcoded, easy to read prescription bottles. • Now you can easily identify the correct bottle and take correct dosage. Superior Relationship with Customers • • • • Named Forbes “Most Charitable Company” 2005 National & local community partners Target Corporation gives back 5% of pretax profits $2 million weekly to education, social services, neighborhoods, the arts and more. • Target encourages employees to give back to the community on their own time as well Superior Relationship with Customers • Target is doing their part to improve the environment • Energy efficient lighting and equipment in stores • 70% of waste has been cut • Recycle shopping carts… • Donate groceries Global Skills • Target merchandise can be purchased from around the world • The Target website can be accessed around the globe 24/7 • Shopping online is safe, fun and easy! • Product Differentiation:Target offers trendier styles of merchandise. There exists a wide variety of products, whether it pertains to the style, color, packaging, fuctional features, etc. Some of the products are made exclusively for Target stores • Price- AlthoughTarget offers more upscale, fashionforward merchandise,they offer discount prices. Prices are just right for the quality offered • Place/ Distribution- Merchandise is displayed in a clean, organized and welcoming environment. • Target Market-Target stores tend to attract younger and more educated customers than its competitors. • Publicity (newspaper articles, news, word of mouth) • Commercials/ newspaper inserts/flyers • Public Relations ( serving the community, donating to non-profit organizations) • Sponsorships (Westminster dog show, Race car sponsors) • Gift cards+ Target Business card( Red card) • “Take charge of Education” (scholarships, donationsmonetary and non-monetary) • Event sponsoring (Annual Target Fireworks showMinneapolis,MN; Sweep Stakes) • Arts and Reading Grants • Promotes Diversity • Internet (Web site-weekly ads, Hispanic Heritagewebsite in Spanish) Target has gift cards to offer. We all know that gift cards are a practical gift. Since regular customers are satisfied with both Target’s service and merchandise, they feel that whoever they’re giving the card to, will be satisfied as well. And if you don’t have any cash with you, there is the convenience of using Target’ Visa card or the regular shopping cards. Racing in itself is a widely seen event and Target has taken that opportunity to sponsor some teams. Target knows that by doing so, they will expose the public to their logo and create awareness of their business. Thanks to event sponsorships, Target has created awareness of their business. With this, Target hopes (and knows) that they’ll be able to reach many different audiences. Among these are: the fourth largest annual fireworks show in the U.S in Minneapolis, Minnesota; Westminster Dog show- which also led to a $5000 donation to an animal shelter. Target sponsors sweep stakes, and they too, help schools with fundraising. Target is committed to give back to the communities that they serve. Target gives over $2 million each week to neighborhoods, programs and schools across the country. Target Law Enforcement Grant Awarded Target House is an innovative approach to long-term housing for families whose children are receiving lifesaving treatment at St. Jude Children's Research Hospital Target has what is called Take charge of Education where “Target donates an amount equal to 1% of REDcard (Target Visa and Target Card) purchases made at Target and Target.com, and 1/2% of Target Visa purchases made elsewhere, to the eligible K-12 schools. Target has volunteers (employees, friends, family, anyone that is willing to lend a hand) that go around the community and/or get together with an organization and help out. The Target Foundation: is movement encouraging U.S. corporations to commit five percent of federally taxable income to support community nonprofits In Conclusion… S.W.O.T Biggest Strength: The Target logo is more recognized than that of Nike or Apple. Biggest Weakness: # of Stores compared to competitors Biggest Opportunity: Non-Operational States Biggest Threat: Wal-Mart. Competitive Advantages Perceived advantage in the industry: magnificent store image, clean, organized and attractive layout. Superior products and brand names: high quality & designer fashions, new & innovative prescription bottles, RED card and gift cards Superior relationship with consumers: involved in community, donate both time and money, committed to diversity, Target tries to protect the environment by recycling, and cutting back on energy. Global skills: Target website which can be accessed 24/7 around the globe Excellent Customer Service Offers higher quality merchandise compared to competitors Local Community involvement Online store