7 Fascinating Target Facts Ultimate Fans Don't Even Know
If you're a serious Target fan like me, you know that the store is the best place to shop for basically all your household needs. I did a little digging, and there's some little-known facts about the company that really took me by surprise. Check out seven interesting Target statistics that even the most avid shoppers won't know.
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Target has had its nickname "Tarjay" since the 1960s.
The store owners, the Daytons, remember hearing people jokingly call the business Tarjay since 1962.
Those big red concrete balls are in front of the store for a reason.
The big red balls keep cars from driving up on the curb or even into the store.
The business began because of a church fire in 1895.
In Minneapolis, MN, real estate developer George Draper Dayton bought the site of the Westminster Presbyterian Church after it was destroyed in a fire. He later built a six-story building where Goodfellows Dry Goods would go, eventually turning into the Target franchise in the '60s.
The store's median customer age is 40 years old.
And Target's median customer income is $64,000. About 57 percent of customers have completed college. The business by the numbers is pretty interesting!
Target's shopping carts aren't like any others.
Target enlisted Boston-based Design Continuum to rethink the shopping cart, making them out of lightweight recyclable material so that they're 15 to 20 pounds lighter than metal carts.
If the price of an item on sale ends in $0.06 or $0.08, it will be marked down again.
Target has a very specific clearance system. Items ending in $0.06 or $0.08 will go on sale again in a couple of weeks as long as they're still in stock.
Target played a huge part in restoring the Washington Monument.
In 1997, Target funded the restoration of the Washington Monument when Congress was hesitating to take action. The project cost $6 million.