Target SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: August 25, 2021

SWOT analysis of Target analyses the brand by its strengths, weaknesses, opportunities & threats. In Target SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Target to benchmark its business & performance as compared to the competitors. Target is one of the leading brands in the lifestyle and retail sector.

The table below lists the Target SWOT (Strengths, Weaknesses, Opportunities, Threats), top Target competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).

Target SWOT Analysis, Competitors, Segmentation, Target Market, Positioning, USP & Brand Analysis Table
Target Brand Analysis
Parent Company

Target Corporation

Category

Department Stores

Sector

Lifestyle and Retail

Tagline/ Slogan

Daily deals

USP

Target retail is one of the largest discount retailer in the United States

Target STP
Segment

Customer looking for consumer goods

Target Group

Middle class and upper class individuals

Positioning

Target Corporation is an American retailing company offering discounted prices on quality products

SWOT Analysis of Target
Target Strengths

Below are the Strengths in the SWOT Analysis of Target:

1. Target Corporation has more than 400,000 employees

2. Revenue performance is good which is backed by a strong financial position

3. Target retail stores are recipient of several award and recognition

4. Only national retailer employing a Garment Hanger reuse program

5. Target retail brand has approximately 1900 stores in the USA

6. Sponsorship of major events and sporting events has enhanced it brand visibility

7. It offers a wide variety of products which include health, clothing, food, toys, pet care etc.

8. Target has good legacy as it has been established as one of the great retail brands in the USA since 1962.

9. Target is known for its good in-store experience as compared to its competitors

10. Target is known for its innovative store format like Target, SuperTarget, CityTarget, TargetExpress etc.

11. Target has comprehensive loyalty program and offers cards like REDCard for its customers

Target Weaknesses

Here are the weaknesses in the Target SWOT Analysis:

1. Past legal cases have affected the brand image of Target group at times

2. Despite being a strong brand, it hasn’t penetrated in to the international markets (focused just in US)

3. Target prices are on the higher side sometimes as compared to the competitors

Target Opportunities

Following are the Opportunities in Target SWOT Analysis:

1. Disposable income is increasing of the customers hence high purchasing power, this is true across different geographies so Target can venture in other markets

2. Tapping the international market specially emerging economies can help boost business for Target retail

3. Acquisition of smaller retail chains to increase business

4. More visibility through advertising and customer focused services

Target Threats

The threats in the SWOT Analysis of Target are as mentioned:

1. Huge competition from other international retail chains can affect Target's margins

2. Increase raw material prices can lead to higher manufacturing costs

3. Increasing competition and changing economic scenarios

Target Competition
Target Competitors

Below are the top 18 competitors of Target:

1. Carrefour

2. Tesco

3. LIDL

4. Woolworths

5. Coles Group

6. Kroger

7. Walmart

8. Amazon

9. eBay

10. Home Depot

11. Ikea

12. Costco Wholesale

13. Aldi

14. Lowe's Companies

15. Kohls

16. CVS Caremark

17. Walgreens

18. Boots


This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Target. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

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