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| Fiscal year | Total number of stores |
|---|---|
| 2022 | 1,948 |
| 2021 | 1,926 |
| 2020 | 1,897 |
| 2019 | 1,868 |
| 2018 | 1,844 |
| 2017 | 1,822 |
| 2016 | 1,802 |
| 2015 | 1,792 |
| 2014 | 1,790 |
| 2013 | 1,793 |
| 2012 | 1,778 |
| 2011 | 1,763 |
| 2010 | 1,750 |
| 2009 | 1,740 |
| 2008 | 1,682 |
| 2007 | 1,591 |
| 2006 | 1,488 |
- Source: Target - Number of stores in the U.S.[/url]
- Region: United States
- Time period: 2006 to 2022
- Published: Mar 2023
Data Analysis and Insights
Overall Growth in Number of Stores
The data reveals a consistent increase in the number of stores from 1488 in 2006 to 1948 in 2022. This represents a total growth of 460 stores over 16 years, indicating a steady expansion strategy.Year-on-Year Growth Consistency
Every year without exception, the company expanded its store count, with annual additions ranging from a minimum of 2 stores (from 2013 to 2014) to a maximum of 91 stores (from 2006 to 2007). This demonstrates a consistent commitment to growth and expansion.Acceleration in Expansion Post-2006
A significant acceleration in the number of stores was observed from 2006 to 2007, where the count jumped by 103 stores, the highest year-over-year increase in the provided dataset. This suggests a strategic shift or market opportunity that the company capitalized on during this period.Stabilization in Recent Years
In more recent years, from 2018 to 2022, the rate of store additions shows a trend towards stabilization, with yearly increases ranging between 22 and 32 stores. This could indicate a matured expansion strategy or approaching market saturation.Minimal Increase During Certain Periods
The smallest annual growth observed was between 2013 and 2014, with an increase of only 2 stores. This minimal growth could reflect specific operational, economic, or strategic challenges faced during that period.Frequently Asked Questions
What is the overall growth in the number of stores from 2006 to 2022?
What is notable about the company's year-on-year growth?
The company has consistently increased its store count every year, with a minimum of 2 new stores and a maximum of 91 new stores added annually.
Was there any significant acceleration in the company's expansion at any point?
Yes, a significant acceleration was observed from 2006 to 2007, with a jump of 103 stores, marking the highest year-over-year increase.
What can be said about the rate of store additions in recent years?
The rate of store additions shows a trend towards stabilization from 2018 to 2022, with yearly increases ranging between 22 and 32 stores.
Terms and Definitions
A US-based, multinational retail corporation that operates large-scale discount retail stores selling a variety of goods such as food, clothing, furniture, toys and electronics.
The sale of goods or services directly to consumers, typically through stores, online marketplaces or other outlets.
A retail store that sells products at prices lower than those typically charged by traditional retailers. Discount stores usually offer a wide variety of merchandise.
A business entity that operates, produces goods or delivers services in more than one country. These corporations often have a central head office but have various offices or factories in different countries.
The total footprint a company or product has in a specific market. This can be gauged by the number of stores, market share, brand awareness or visibility, and overall reputation.
A name, design, symbol or any other feature that distinguishes one seller's product or service from those of other sellers.
A person or organization that uses a product or service. In retail context, this typically refers to individuals who purchase goods for personal use, not for manufacturing or resale.
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