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Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota.It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. [3]
Target's original bullseye logo, used from 1962 until 1968 [1]. The history of Target Corporation first began in 1902 by George Dayton.The company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910.
Over time, Target began to far eclipse the success of the other Dayton Hudson stores, and on January 13, 2000, Dayton Hudson took the name Target Corporation. Ulrich sold the other store groups, including Mervyn's and Marshall Field's , and focused on promoting the Target brand.
The list does not include Wakefern Food Corporation with revenue of US$16.3 billion in 2017. [2] Rank ... Target Corporation: Discount department store 92,400 4.7%:
Named Target, [56] the new stores would become the model for continued success by U.S. retailers, in a class by itself, even as it approached its 60th anniversary. [57] Its success was so great that, in time, Target Corporation survived Dayton's, the original parent company.
While a design-centric focus and creative marketing campaign have helped make the 'Design For All' campaign a success for the Target Corporation, the retailer's work with a New York City design firm named Culture & Commerce is an important factor in that success. [3] Target works with Culture & Commerce to find designers that they will partner ...
After leaving the military, he moved to Minneapolis, where he began his retail career working for Dayton's. [1] [3] [7] In 1962, he and Douglas Dayton founded and launched the Target Stores for the Dayton Company, [8] now known as Target Corporation.
In 1969, the Dayton's merged with J.L. Hudson Company and Dayton left Target to become a senior vice president in the new company, Dayton Hudson Corporation. [1] [5] During Douglas Dayton's tenure, Target expanded from its initial four stores to twelve across several states. He also oversaw the opening of the company's first distribution center.