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.
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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.
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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.
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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!
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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.
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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.
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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.