Who Owns Archer Farms?

When did Target open its first store?

The first Target discount store opened in Roseville, Minnesota, on May 1, 1962. Present-day properties are roughly 135,000 square feet (12,500 m 2) and sell general merchandise, including hardlines and softlines. While many Target stores follow a standard big-box architectural style, the company has focused on “customizing each new store to ensure a locally relevant experience […] that best fit the surrounding neighborhood’s needs” since August 2006. Initially, only SuperTarget locations operated Starbucks Coffee counters, although they were integrated into general-merchandise stores through their expanded partnership beginning in 2003.

Target Corporation is a major sponsor of the annual Minneapolis Aquatennial, where it hosts the Target Fireworks Show, the largest annual fireworks show west of the Mississippi River and the fourth-largest annual fireworks show in the United States.

Target is consistently ranked as one of the most philanthropic companies in the US. It ranked No. 22 in Fortune magazine’s “World’s Most Admired Companies” for 2010, largely in part to the donation efforts of the company as a whole. According to a November 2005 Forbes article, it ranked as the highest cash-giving company in America in percentage of income given (2.1%). Target donates around 5 percent of its pre-tax operating profit; it gives over $3 million a week (up from $2 million in years prior) to the communities in which it operates. It also gives a percentage of charges from its Target Visa to schools designated by the cardholders. To date, Target has given over $150 million to schools across the United States through this program.

In January 2017, Minnesota United FC, a Major League Soccer expansion team debuting for the 2017 season, announced that Target would be the team’s front-of-jersey match-kit sponsor , as well as sponsoring MLS overall. This brings one of the largest sponsors in the league, especially for an expansion team making its debut appearance. The team also has an advantage of having a large, well-known hometown brand versus an entity outside the region, in addition to the financial benefits of such a large sponsor.

Why did Target expand its grocery store?

Target started expanding its grocery offerings about a decade ago, hoping that having more fresh meat and produce would help drive more trips to its big-box stores. But groceries became a weak spot for the retailer as leaders acknowledged it didn’t have a differentiated assortment.

And earlier this year it recruited another leader from Kroger, Frank Bruni, to oversee the grocery supply chain. And in January, Target CEO Brian Cornell tapped Lundquist to the new grocery president position in order to bring together the grocery merchandising, supply chain, financial planning, and operations under one leader.

These in-house brands are generally more profitable for Target. The new food brand is aimed at invigorating Target’s grocery business, which has been showing progress the last couple of years following investments to improve its offering in a highly-competitive grocery environment.

Target to replace Archer Farms, Simply Balanced with new flagship food brand. Minneapolis — Target is making its biggest play in grocery in years with the launch of a flagship private-label food brand that will completely replace Target’s Archer Farms and Simply Balanced lines and will partially swap out Market Pantry.