Biggest Target Competitors (2022 Facts)

What are the biggest Target competitors? Does Target have competitors? If looking for information on who Target corporations largest competitors are in the retail industry, take a look at the list provided. The following are the discount department stores largest competitors across the United States.

What is Target?

Target is a popular retail chain in the United States. It offers a wide range of products, including clothing, electronics, home goods, and more. Target is known for its competitive prices and its wide selection of products.

Target's history began in 1902 when George Dayton founded the Dayton Dry Goods Company. The company was later renamed to the Dayton Company, and eventually became Target Corporation in 2000. Target has been public since 1967 and trades on the New York Stock Exchange under the symbol TGT.

Today, Target operates over 1,800 stores across the United States. The company employs approximately 350,000 people and generates billions of dollars in revenue each year. Target is a member of the S&P 500 index and is one of the most recognizable retail brands in the world. Target is committed to offering a wide range of products at competitive prices. The company also offers a variety of services, including a credit card, online shopping, and more. Target is dedicated to providing an enjoyable shopping experience for its customers.

Top 10 Target Competitors

Competitors on consumer electronics and general merchandise retailer goods.

1. Walmart

Walmart is a one-stop shop for everything from groceries to office furniture, and diapers to home decor. You can find anything you're looking for at Walmart, and the prices are much better than what you'll find at Target for most items. Walmart made $559 billion in revenue for 2020 from more than 10,500 stores worldwide in over 24 countries!

Not only does Walmart offer a variety of products both in-store and online, but they also have a huge selection of groceries, pet supplies, health and wellness products, office furniture, bedroom furniture, clothing, diapers, bedding, and so much more. Plus, their global reach means that you can shop at Walmart no matter where you are in the world.

2. Amazon

Amazon is a top competitor to Target because it offers a massive variety of products online, including electronics, home decor, office supplies, toys, games, cookware, clothing, pet supplies, shoes, food, computers, and much more. Amazon also made $386.1 billion in revenue during 2020 and has over 175 fulfillment centers across the globe. This allows Amazon to compete with Target on price while also offering a wider range of products.

Furthermore, Amazon's Prime membership program offers free shipping on many items which provides an additional incentive for customers to purchase from Amazon over Target. As a result, Amazon is a strong competitor in the retail space and one that Target must continue to closely monitor.

3. Best Buy

Best Buy is a leading electronics retailer with more than 1,159 locations. So, it’s a top competitor to Target in electronics. Best Buy has seen a decline in popularity in recent years, but it posted revenue of $47 billion in 2020 and continues to be a competitor with quality products and knowledgeable staff. Best Buy offers a wide range of electronics, including TVs, laptops, smartphones, and gaming consoles.

The retailer also offers services such as Geek Squad, which provides tech support and repairs. Best Buy’s store experience is focused on customer service, with knowledgeable staff who can help customers find the right product for their needs. Although Best Buy has lost some market share to online retailers like Amazon, the company is still a leading player in the electronics retail market.

4. Kroger

As America's largest grocery chain, Kroger is a major competitor of Target. Though both companies have a large footprint across the country, Kroger has an edge when it comes to groceries and household supplies. In addition, Kroger offers pharmacy services and a wider selection of generic brands.

However, Target has been making strides in recent years to close the gap between the two retailers. In 2018, Target acquired Shipt, a same-day delivery service, and in 2019 it announced plans to build more small-format stores in urban areas. As the retail landscape continues to change, it remains to be seen who will come out on top.

5. Costco

Costco is a international retailer that operates stores selling bulk items at lower prices than its competitors. Target is one of Costco's main competitors, with 804 warehouses across the globe and revenue topping $163.22 billion in 2020. Costco has more stores worldwide than Sam's Club and most stores are bigger, making it more of an international competitor to Target.

One of the main ways that Costco is able to keep prices low is by charging a membership fee to shop in the store. This membership fee allows Costco to sell items in bulk at cheaper prices than Target. Additionally, the size of Costco's stores allows them to carry a wider variety of items than Target, which gives them an edge in the market. Overall, Costco is a strong competitor to Target and has a few key advantages that allow it to keep prices low and attract customers.

6. Sam’s Club

Sam’s Club is a top competitor to Target because it offers products in bulk at relatively low prices. Sam’s Club is present in countries like Mexico, but its main customer base is in the United States. A Sam’s Club membership is required to shop in the wholesale club, and a Sam’s Club membership is cheaper than a Costco membership.

Some of the benefits of shopping at Sam’s Club include access to exclusive deals and discounts, as well as the ability to earn cash back on certain purchases. In addition, Sam’s Club offers a satisfaction guarantee on all products, so shoppers can be sure they are getting the best possible value for their money.

7. Lowe’s

Lowe’s is a trusted source for household products, including paint, lumber, drywall, tools, appliances, outdoor furniture, lighting, and building materials. With more than 2,200 stores located throughout the United States, Canada, and Mexico, Lowe’s is the second-biggest home improvement retailer. Lowe’s posted revenue of $72.148 billion in 2020.

In addition to being a trusted source for household products, Lowe’s is also known for its commitment to customer service. Lowe’s offers free in-store consultations with experts on topics such as painting, home décor, plumbing, electrical work, and more. Plus, every purchase comes with a 100% satisfaction guarantee.

8. Kohl’s

Founded in 1962, Kohl's is one of America's largest department stores, with over 1,100 locations across the country. Though it competes with the likes of Target and Walmart in many categories, it is perhaps best known for its wide selection of beauty products. From makeup and skincare to hair care and Fragrance, Kohl's has something for everyone.

In recent years, the company has also expanded its offering to include more food products, appliances, and clothing. With annual revenue of over $19 billion, Kohl's is a major force in the retail world.

9. Whole Foods

Whole Foods is a grocery store chain that specializes in healthy and organic food options. It is owned by Amazon, which has helped to increase its reach worldwide. Whole Foods offers products from a variety of brands, so that customers can choose the option that fits their budget.

The store also has a wide selection of healthy food products, making it a competitor to Target in the grocery sector. Whole Foods has 500 locations worldwide, including stores in the United States, United Kingdom, and Canada. As a result of its global presence, Whole Foods had 2020 revenue of $385.06 billion.

10. TJ Maxx

TJ Maxx is one of the top competitors to Target because it offers a vast selection of products at relatively low prices. Some of the product categories you can find at TJ Maxx include toys, apparel, beauty items, home decor, housewares, and accessories. Additionally, there are more than 1,250 TJ Maxx locations in the United States.

You can also find 652 TJ Maxx stores internationally under the name TK Maxx in countries like Australia, Ireland, Germany, Poland, Europe, the Netherlands, and Austria. In 2020, TJ Maxx's revenue was estimated at around 32.6 billion dollars. Given its wide selection of high-quality merchandise at affordable prices, it's no wonder TJ Maxx is one of the most popular retailers out there.

Conclusion

In conclusion, Target has a lot of competition, but Walmart is the biggest. Amazon is right behind due to the enormous selection of products available at low prices. Retailers like Meijer, Carrefour, Best Buy, Costco, and Sam’s Club compete with Target in multiple areas, including groceries, clothing, electronics, and household goods.

On top of that, you have HomeGoods, which is improving its eCommerce division to better compete in the international market. Finally, Macy’s and Nordstrom offer customers more high-end apparel and other home goods in their stores.

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