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The first Target Greatland location opened in Apple Valley, Minnesota, in September 1990. They were about 50% larger than traditional Target stores, and pioneered company standards, including an increased number of checkout lanes and price scanners, larger aisles, expanded pharmacy and photography departments, and a food court.
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.
In 2023, Cornell's total compensation at Target was $18.1 million, or 719 times the median employee pay at Target for that year. [12] He earned a higher annual bonus due to the company's improved profits, although his overall compensation dropped. [12]
In its second quarter report, Target's gross margin rate reflected roughly 90 basis points "of benefit from lower inventory shrink." That's compared to a 20-basis-point lift in Q1.
Target has 25,000 fewer employees than a year ago. In its latest annual report, the Minneapolis-based retailer disclosed that it had about 415,000 full-time, part-time and seasonal workers as of ...
Steinhafel received a severance package of $61 million and agreed to "remain employed by Target in an advisory capacity to assist with the transition through no later than August 23, 2014." [10] Steinhafel is a Director, Member of Nominating and Governance Committee and Member of Compensation & Human Resources Committee for The Toro Company.
By 1992, the number of Target stores had doubled during Ulrich's tenure, to just over 500, with just shy of fifty more opening each year. In 1994, Kenneth Macke retired as chairman and chief executive of Target's parent company, Dayton Hudson Corporation, and Ulrich succeeded him in the position.
Shipt is an American delivery service owned by Target Corporation.It is headquartered in Birmingham, Alabama.. In December 2017, it was announced that Target Corporation was acquiring Shipt for $550 million and that it would operate as an independent subsidiary following the acquisition.