Are Target and Macy's Owned by the Same Company?

Often, the question arises whether Target and Macy's are owned by the same parent company. The answer is no, they are not. Let's dive into the differences and similarities between these two retail giants.

Understanding Target Corporation

Target Corporation (NYSE: TGT) is an American multinational retailing corporation. It is headquartered in Bloomington, Minnesota, with its main office in Minneapolis. Target Corporation was founded by George Dayton in 1902 and has since grown to become one of the largest general merchandise retailers in the United States. It operates a chain of discount department stores and variety stores across the United States.

Target's Ownership Structure

Target Corporation is not owned by any single company or individual. However, it has had its share of acquisitions and changes in ownership over the years. One such notable event was the sale of Marshall Fields and Mervyn's to Macy's in the early 2000s. Before this sale, these brands were under the Target Corporation umbrella. Despite this, Target Corporation maintains its own distinct ownership structure.

Macy's Inc. - A Separate Entity

Macy's Inc. (NYSE: M) is an American department store holding company. It operates a chain of department stores and other retail ventures. Macy's Inc. has its headquarters in New York City and is known for its flagship store—Macy's Herald Square in New York City.

Macy's Ownership and Brand Portfolio

Macy's Inc. is not owned by Target Corporation either. Instead, Macy's Inc. owns several department store brands, which include:

Macy's Bloomingdale's Bluemercury Neiman Marcus Escaille grossmann The Furniture Store

These brands operate independently within the Macy's network, each with its own unique identity and business strategies.

Ownership and Competition in the Retail Industry

The retail industry is highly competitive, with multiple players vying for market share. Both Target and Macy's position themselves in different segments of the retail market. While Macy's primarily focuses on luxury and upscale department stores, Target targets the mid-market with a range of products from home goods to clothing.

This difference in strategy has allowed both companies to thrive, albeit in distinct markets. Understanding their individual ownership and corporate structures is crucial for any retail analyst or consumer looking to understand the dynamics of the sector.

Key Takeaways

Target Corporation and Macy's Inc. are separate entities with distinct ownership structures. Target Corporation is not owned by Macys; it operates independently. Macy's Inc. owns several department store brands but remains a separate company from Target Corporation.

Both Target and Macy's play significant roles in the retail industry, each with its unique business model and consumer base. Understanding their individual ownership and market positioning is essential for anyone interested in the retail sector.

Further Information

For more detailed information on Target Corporation and Macy's Inc., refer to their respective Wikipedia pages:

- Target Corporation - Wikipedia - Macy's - Wikipedia