Wal-Mart is the leader in the retail industry, and has been is a standalone company in the industry since its doors opened in 1962. Other retailers have been driven out of the retail competition by Sam’s Club and Wal-Mart both sharing the same ownership. Wal-Mart’s ‘low prices every day’ is hard to challenge and beat, so they continue to provide low costs for retailers. This change in the retail industry has closed doors, raised unemployment and lost shareholders and their profits. Wal-Mart will attempt to weigh the options of acquiring another business in the same industry or merging with another company in the same industry. The company we are currently looking at to do this is with Target.
Target Corporation (the Corporation or Target) was incorporated in Minnesota in 1902. We operate as three reportable segments: U.S. Retail, U.S. Credit Card and Canadian. Targets fiscal year ends on the Saturday nearest January 31. Unless February 2, 2013, and consisted of 53 weeks. Fiscal 2011 ended January 28, 2012, and consisted of 52 weeks. Fiscal 2010 ended January 29, 2011, and consisted of 52 weeks. Fiscal 2013 will end on February 1, 2014, and will consist of 52 weeks.
The following is a current statement of financials from Target.
Currency in
Millions of US Dollars | As of: | Jan 30
2010 | Jan 29
2011 | Jan 28
2012 | Feb 02
2013
Press
Release | 4 Year
Trend |
Revenues | 63,435.0 | 65,786.0 | 68,466.0 | 71,960.0 | |
TOTAL REVENUES | 65,357.0 | 67,390.0 | 69,865.0 | 73,301.0 | |
Cost of Goods Sold | 44,694.0 | 46,451.0 | 48,526.0 | 50,568.0 | |
GROSS PROFIT | 19,142.0 | 20,079.0 | 20,893.0 | 22,266.0 | |
Selling General & Admin Expenses, Total | 12,446.0 | 12,743.0 | 13,440.0 | 14,914.0 | |
Depreciation & Amortization, Total | 2,023.0 | 2,084.0 | 2,131.0 | 2,142.0 | |
OTHER OPERATING EXPENSES, TOTAL | 14,469.0 | 14,827.0 | 15,571.0 | 17,056.0 | |
OPERATING INCOME | 4,673.0 | 5,252.0 | 5,322.0 |...