• Research Paper on:
    Comparative Analysis of the Financial Performance of Target and Wal Mart

    Number of Pages: 18

     

    Summary of the research paper:

    The 2001 through 2003 financial performance of these retail giants are contrasted and compared in eighteen pages with MVA and EVA applications to consider future success projects of each company. Seven sources are listed inthe bibliography.

    Name of Research Paper File: TS14_TEwaltar.rtf

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    Unformatted Sample Text from the Research Paper:
    any model requires an understanding of both the model and of the context in which it is being used. The determination of value may be undertaken with different methods. However,  the use of EVA and MVA; Economic Value Added and Market Value Added may be seen as two of the more efficient measures. These will be used when assessing the  performance of Wal-Mart and Target, two companies that operate in the same sector. To compare the companies first task is to look at their background and recent performance. If the  student wants to get tables and graphs these may be obtained form www.wsrn.com or from yahoo finance pages. Target Targets history starts in 1902 with George Dayton and the  opening of a store by the name of Goodfellows, the name was then changed in 1903 to Dayton (Target, 2003). The company grows and it is Dayton that is the  origin of the Target stores. The first Target store itself was opened in 1962 in Rossville Minnesota. This was the first store that offered high quality goods and well known  brands in a discount format (Target, 2003). It was in 1962 that the Dayton Corporation also made is initial public offering of common stock (Target, 2003). The 1970s saw  both growth and innovation. In 1971 the revenues hit $1 billion (Target, 2003). The introduction of electronic tills and electronic inventory systems increased the value in the systems used (Target,  2003). The increased use of technology and opening of stores continued though the 1980s and in the 1990s there was a strategy of increased related diversification with the opening of  a Target Greatland and also a SuperTarget which was combination of the special services and groceries (Target, 2003). Differentiation and added value services 

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