Sunday, November 6, 2011

Fiscal Period

Target became incorporated in 1902 in Minnesota. Target's business comes from two segments, retail and credit card. Their retail segment has a vast variety that is primarily driven through their online operations. They provide an easy access online Target site that allows for simple purchases from the comfort of your home. Target also offers credit cards of their own to customers, hoping it strengthens the relationship between the company and the customer. Target's fiscal period ends on January 29 of every year. The link to the site that displays the fiscal period is as follows: http://investors.target.com/phoenix.zhtmlc=65828&p=irolSECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDEwNDc0NjktMTEtMDAyMDMyL3htbA%3d%3d#ge11101_item_15._exhibits_and_financial_statement_schedules I believe the management of target chose January 29 to be the end of the fiscal period because there is very little business during that time compared to the rest of the year. It is right after all of the holiday shopping which is very busy for Target so it's good to have a fiscal period after a time of high business activity.

No comments:

Post a Comment