Nora Bennett‘22 pitched Target Corporation (NYSE: TGT) on April 25, 2022. Target Corporation is a general merchandise retailer offering everyday essentials and fashionable differentiated merchandise at discounted prices. With just under 2000 stores across all U.S. 50 states, the company’s “Expect More, Pay Less” motto embodies its mission of delivering trusted products and services to guests at an affordable price point. Incorporated in 1902, the Minneapolis, MN based company bears a proud history of giving back to communities and has donated 5% of its profits for over 70 years. Building on two years of strong revenue growth, Target has made effective investments toward building capacity and scale through additional distribution centers and sortation centers. Nora highlighted their ability to capitalize on consumer trends such as omnichannel retail, with an emphasis on their industry-leading same-day fulfillment services, as well as movement towards sustainable goods via the company’s Target Forward initiative. Additional components of her thesis included the company’s continued strength in its private label presence and profitable ongoing store remodels and partnerships. Furthermore, Target’s diverse portfolio of products and services makes it a top shopping destination as consumers look for trip consolidation. SMIF voted to buy 175 shares of TGT at market price, funded through the sale of their position in DIS.