Walmart Beats Out Target

By Douglas A. McIntyre Published Aug 16, 9:30AM EDT

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Walmart Beats Out Target — © Target (CC BY 2.0) by Mike Mozart

Target Corp. (NYSE: TGT | TGT Price Prediction) was once considered a worthy rival to Walmart Inc. (NYSE: WMT). It was the second largest big-box retailer behind Sam Walton’s company. However, in the past few years, Walmart has distanced itself from Target, and Target cannot catch up or even come close. (Customers are abandoning these 25 brands.)
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Target had quarterly revenue for the most recent period of less than $25 billion. Walmart’s is over four times that figure. Walmart’s stock is up 12% this year while Target’s share price is down 16%.
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Walmart has over 5,300 stores in America. Target was just shy of 2,000. There is a Walmart store within 10 miles of 90% of America’s population. Target cannot match that.

Walmart’s other success is nearly as important as its brick-and-mortar business. Walmart sits behind only Amazon in e-commerce. Target is in the second tier.
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Because of its size, Target is more likely to have trouble with Costco, the third largest big-box retailer.
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Target will not disappear. However, it will fall further and further behind both Amazon and Walmart. What was expected at one point to be a major force in retail is no longer.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.