How much does Target make?
I saw this sign at Target, saying that 5% of their profits go to either environmental benefits or something about helping people (I forgot), and it said, "so by shopping at target, you contribute to the $5,000,000 that is given out every week"
EVERY WEEK? AND 5 MILLION IS ONLY 5% OF THEIR PROFITS? that's pretty....bling bling
- Dan SLv 71 decade agoFavorite Answer
When Target says they will give 5% of their profit to charity that is 5% of their net income which in 2007 would be 15.584 million and that comes out to 7,804,616,300 per week so they are underestimating their charitable contributions. But, they are also not telling you that those charitable contributions are tax deductable.
According to Wikipedia: http://en.wikipedia.org/wiki/Target_Corporation
"Target Corporation (NYSE: TGT), originally known as the Dayton Dry Goods Co., is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. In 1962, the first Target store was opened in Roseville, Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The company is ranked 31st on the 2008 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival and competitor of Kmart and Wal-Mart.
Target was listed in Internet Retailer's list of the top 500 retail web sites in 2007. Formerly traded as Dayton Hudson, Target is a component of the Standard and Poor's 500 index."
Revenue: 63.367 Billion (2007)
Net Income: US$ 2.849 Billion (2007)
Total Assets: US$ 44.560 Billion (2007)
Total Equity: US$ 15.307 Billion (2007)
Operating Income: US$ 4.652 Billion (2007)