A ‘Fortune’-ate move

Target climbed two spots on the Fortune 500 list to claim the 31st position, finishing well above Sears Holdings, which fell to the 45th spot from a previous ranking of 38, and Macy’s, whose ranking plummeted to 91 from 76 in the prior year.

Retailers ranked above Target include Costco, which improved three spots to the 29th position, Kroger, which retained the 26th spot from last year, and Home Depot, which dropped down to the 22nd position from the 17th spot the year before.

Of course, Target cannot overlook the company at the very top of the list --Walmart. The company regained the number one spot over Exxon Mobil, indicating a definite shift in consumer spending and the ability to capitalize on that change. Seeing Walmart dominate the Fortune 500 will likely encourage Target to examine its own strategies for success.