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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. The first Target store opened in Roseville, Minnesota in 1962, while the parent company was renamed the ...
In 1974, Dayton formed a venture capital firm, Dade Development Capital, which he ran until his retirement in 1994. [1] He called his time as president of Target "the most challenging, rewarding and productive" years of his career. [4] By 1975, Target was the company's top revenue producer and by the end of the 1970s annual sales exceeded $1 ...
The company is one of the largest American-owned private employers in the United States. The corporation was founded in Minneapolis by businessman George Dayton in 1902, and developed through the years via expansion and acquisitions. Target, the company's first discount store and eventual namesake, was opened in 1962.
Target announced Wednesday that Brian Cornell will remain CEO for approximately three more years after the company's board voted to eliminate a retirement policy that could have forced his exit.
Yahoo Finance’s Brian Sozzi joins the Live show from the 2022 Goldman Sachs Retail Conference in New York to discuss Target removing the mandatory retirement age for its CEO.
Target benefit plans are similar to defined benefit plans in that the annual contribution is determined by a formula to calculate the amount needed each year to accumulate (at an assumed interest rate) a fund sufficient to pay a projected retirement benefit, the target benefit, to each participant upon reaching retirement.
Bob Ulrich. Robert J. Ulrich (born 1944) is an American retired businessman who was the chief executive officer and chairman of the Target Corporation, the second-largest mass merchandise retailer in the United States. Ulrich is credited with crafting Target's unique brand and marketing image and focus, which is widely considered to be a key ...
The Target division of the company eventually grew so large that in 2000 the corporation was renamed the Target Corporation. Dayton-Hudson had acquired Chicago-based Marshall Field's in 1990 and Target rebranded Dayton's stores as Marshall Field's stores in 2001 in an effort to focus more on discount retailing. In 2004, Marshall Field's was ...