Target SWOT Analysis

Published by MBA Skool Team, Last Updated: June 03, 2023

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

Target is one of the leading brands in the lifestyle and retail sector. The article below lists the Target SWOT and includes its target market, segmentation, positioning & USP.

Let us start the SWOT Analysis below:

Target Strengths

The strengths of Target looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.

A list of strengths is mostly the starting point in a SWOT analysis. 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

The weaknesses of a brand are certain aspects of its business which it can improve. 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

The opportunities for any brand can include prospects of future growth. 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 for any business can be external factors which can negatively impact its business. 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

Hence this concludes the Target SWOT analysis.

Continue reading more about the brand/company.

About Target

Target Overview
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
Segmentation

Customer looking for consumer goods

Target Market

Middle class and upper class individuals

Positioning

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


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.

Browse marketing analysis of more brands and companies similar to Target. This section covers SWOT Analysis along with Segmentation, Target Market, Positioning & USP of more than 2000 brands from over 20 industry sectors.

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