10 Major Target Competitors in Retail Industry

Target is an American discount retail chain that offers a wide range of products, including home decor, furniture, electronics, clothing, shoes, accessories, toys, and groceries.

Target operates in the US and Canada, where it has over 1,800 stores. The company is the second-largest discount retailer in the United States after Walmart.

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Target is the second-largest general merchandise retailer in the US, behind Walmart, offering a one-stop shopping experience by combining a broad assortment of merchandise with an attractive presentation and exceptional guest service.

Target’s business strategy is to offer everyday products at discounted prices to customers.

The company has successfully adapted to changing consumer needs through its use of technology, including its online presence, which enables it to sell an increasing number of products online.

Target operates large-format general merchandise and food discount stores, as well as an online business, target.com.

The company also provides financial services through Redcard-branded credit cards that can be used at Target stores or anywhere Visa is accepted.

In addition to its own products, Target also offers third-party products through partnerships with other companies such as Disney, LEGO, Barbie, and Victoria Beckham, among others.

Target has a huge customer base, though, and many people have years of loyalty to the store. And of course, it’s very well known for its bullseye logo and red-and-white color scheme.

Related: 10 Biggest Home Depot Competitors

Top 10 Biggest Target Competitors in Big-box Store Industry

Target competes with both other big box stores like Walmart and Amazon, as well as smaller chain stores like HomeGoods. Target’s customers are typically consumers who value trendiness over price.

These customers are willing to pay higher prices for quality products and designs that are exclusive to Target. Target also caters to families with small children with its wide selection of kids’ clothing and toys.

Target’s competition comes from both online retailers and physical stores.

But unlike many brick-and-mortar retailers that have struggled to keep up with online competitors, Target has found success by adopting some of the best practices from both types of businesses.

Here are some competitors to Target:

1. Walmart

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For decades, Walmart has been the top store for customers looking for low prices on a wide selection of products. In addition to having a big-box presence in many major cities, Walmart also offers an online shopping experience that is similar to Target’s.

Even though Walmart and Target don’t have the same type of store experience, their low prices have made them fierce competitors when it comes to attracting customers who are on a budget.

Both stores offer similar products at affordable prices, and they both offer fast shipping or in-store pickup options for online shoppers.

In general, Target and Walmart are known for having similar prices, but there are times when one store or the other will come out ahead, depending on what you’re buying.

For example, Target’s prices tend to be lower than Walmart’s on certain items such as toiletries and electronics. However, Walmart’s house brand, Great Value, often beats out Target’s house brand, Up & Up, when it comes to everyday staples like paper towels and trash bags.

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2. Amazon

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Amazon also competes with Target for many customers, but it does so in a different way than Walmart does.

Amazon has a massive selection of products as well as two-day shipping through Amazon Prime.

Many shoppers find Amazon too overwhelming because there are such an enormous number of choices available on the site at any time.

When they want more curated options, they head straight to Target or Walmart’s websites instead of Amazon.

With its attractive website and exclusive deals, Target attracts millions of shoppers each month looking for trendy items that won’t break their budgets.

But when the price is a top priority, shoppers often head to Walmart instead of Target or even Amazon, which is why Walmart needs to make sure its prices stay low if it wants to keep its customer base from shrinking due to the rise in online shopping.

3. Best Buy

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Best Buy is one of Target’s closest competitors. Best Buy has been able to carve out a niche selling electronics in an easy-to-shop environment with knowledgeable staff members who can help you find the perfect product among thousands of others.

One way Best Buy has differentiated itself from Target and other big-box retailers is by offering a wider selection of products in its stores, many of which aren’t immediately available for purchase.

Going into a store to browse the laptop aisle, for example, allows you to see, touch, and feel several models before making a purchase online or in person.

Products are organized throughout the store by brand and category instead of by price point like they are at Target.

Best Buy also stocks more exclusive brands that you won’t find at other retailers, including Apple, Samsung, and Sony.

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4. Costco

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Costco is a membership-only retailer that offers high-quality products at low prices. Just like Target and Walmart, Costco offers low prices and a wide selection, as well as an enticing online shopping experience.

Both companies also have strong loyalty programs that cater to their customers and offer incentives to shop at their stores more frequently. However, when it comes to customer service, Target and Costco take very different approaches.

Target’s customer service approach is based on its “Expect More. Pay Less.” tagline.

The retailer goes out of its way to provide the lowest possible prices for the best possible products so that customers can “expect” the best from their shopping experience — even if it means spending less.

On the other hand, Costco goes out of its way to provide high-quality products for shoppers who are willing to “pay” a bit more for better-quality items.

To be fair, both retailers offer great customer service experiences overall — they just do so in different ways.

5. Home Depot

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Home Depot gives Target’s home improvement goods a run for their money with its line of exclusive goods and services.

With more than 2,200 locations nationwide, Home Depot can offer competitive prices as well as convenient access for customers looking for home improvement goods.

Home Depot offers a variety of products, ranging from basic building supplies to appliances and home decor items.

Most notably, it carries an impressive collection of high-end kitchen appliances that are not available at many other retailers. Additionally, it carries some more exclusive products in its online store.

In addition to its wide selection of products, Home Depot offers a number of services designed to help customers complete home improvement projects.

It has an interior design service and a garden center where customers can speak with professional landscapers about their gardening needs. Additionally, it has tile stores in some locations for DIYers looking for tile or flooring help.

Home Depot also provides free shipping on most online orders over $45 and free returns on most items if you’re not satisfied with your purchase.

While the majority of Home Depot’s products are geared toward contractors and trade professionals, the store also caters to DIYers by offering workshop classes on various subjects, including plumbing and electrical work.

6. Kroger

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Kroger is another major competitor to Target because it offers so many different departments in one place, like Walmart and Sam’s Club.

Kroger also has a large presence online with grocery delivery options and an online store that includes home decor items, clothing, electronics, and more.

Kroger also has a large presence online with grocery delivery options and an online store that includes home decor items, clothing, electronics, and more.

Kroger is a great option if you want to shop for groceries and other items at the same time. It has supermarket prices with department store options, which makes it one of the most popular stores in the country.

7. Dollar General

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Consumers are finding more value in the merchandise offered at dollar stores, and in the convenience of their locations.

Dollar General is another competitor that has become increasingly important as more consumers look for deals on everyday essentials.

Since Dollar General stores are smaller than other big-box retailers and have a greater focus on consumables, they can be found in areas where competitors have not yet been located.

Dollar General often goes into rural areas where larger retailers won’t build, giving it a competitive advantage in these locations.

It can also put new locations near existing stores as demand dictates — something Walmart does less often these days due to its focus on e-commerce.

Related: Dollar General Franchise Cost

8. Sam’s Club

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Sam’s Club is a chain of membership-only retail warehouse clubs that are owned and operated by Walmart, founded in 1983 and named after Walmart founder Sam Walton.

Sam’s Club stores are “membership” stores, and most customers buy annual memberships that entitle them to shop at the club. Some stores also have a “pay-as-you-go” membership that allows customers to make purchases without paying the membership fee.

Sam’s Club is a Walmart brand that sells groceries, home goods, and other items in bulk. Target is a department store that sells clothing, apparel, electronics, toys, and furniture.

Both Target and Sam’s Club sell groceries as well as home goods. Target has a wider selection of clothes, while Sam’s Club has more food and household items available.

9. HomeGoods

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HomeGoods stores offer an ever-changing selection of unique home fashions in kitchen essentials, rugs, lighting, bedding, bath, furniture, and more, all at up to 60% off department and specialty store prices every day.

Buyers scour the globe to fill their stores with an ever-changing selection of amazing finds at incredible savings.

This means you can explore aisles of different styles, touch and feel the high-quality craftsmanship of each item, and bring it all home that day knowing you saved more than you ever thought possible.

HomeGoods is where savvy shoppers of every style discover an ever-changing selection of exciting top brands and home fashions from around the world, at prices generally 20%-60% below department and specialty store regular prices, on comparable merchandise, every day.

10. Tesco

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Tesco is another major competitor, but one that operates in the UK and beyond. Tesco is a global operation with thousands of stores.

It’s similar to Target in that it offers a wide range of products, including clothing, but also has a large grocery section that includes fresh fruit and vegetables.

Tesco is an established brand that has been operating in the UK since 1919. The company opened its first branded store in 1929 and by 1939 there were over 100 stores.

By 1974, Tesco was listed on the London Stock Exchange. In 1994 Tesco opened its first overseas store in Hungary, and today it has operations in over 14 countries around the world, from Thailand to Turkey.

The company also ventured into financial services with the opening of a bank in 1997.

What makes Tesco such a success? The company aims to offer value for money with quality products at reasonable prices.

Its Clubcard scheme rewards customers for shopping at Tesco, providing them with discounts on future purchases.

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