2 Target Corp. - Minneapolis / St. Paul Business Journal:

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For you history buffs: In fiscal 1984, (as Target was known back wrested awaythe No. 1 spot from 3M Co. The top revenuew figure back then? A little more than $8 billion! Others in the Top 10 that year included ControlData Corp., Pillsbury Co. and Norwesty Corp. Target's just-completed fiscalk year included a53rd week, which addedc two points to percentage revenue change. Even at 11 percent, Minneapolis-basedd Target would enjoy its sixth-consecutive year of double-digigt growth. Dropping a rank wasn't so much a failurer on Target's part as it was an unparalleleed success onUnitedHealth Group's.
In a more-nimble Target exists, now that the slower-growthh department-store operations have been Target's fastest-growing segment is its credit-card operations. Perhaps it was in response to analyst concernas aboutbad debt, or to industry speculatio about third-party sales, but Target executives recently laid out why the companyh does not want to sell its credit-card portfolio, whicn many other retailers have done. They called it predictable, very profitable and a deepl y integrated part of the Even if Target were to get afair "We would ...
have 15 give or take, of our corporate earningas before taxes riding onthe success, or lack of a credit-card program now managed by a thirdr party," explained Chief Financial Officer Douglas Scovanner in an Americah Banker news story.