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The name "Target" originated from Dayton's publicity director, Stewart K. Widdess, and was intended to prevent consumers from associating the new discount store chain with the department store. Douglas Dayton served as the first president of Target. The new subsidiary ended its first year with four units, all in Minnesota.
Dayton-Hudson Corporation announced in January 2000 a name change to Target Corporation. [114] Acknowledging that Target stores made up 80% of its revenue and that the Target name was better known nationally, Dayton-Hudson believed Target was the name, and direction, of the corporation's future.
The parent company was renamed the Target Corporation in 2000. Despite the identical logo, name and similar type of outlets, Target Corporation is not affiliated with Target Australia. Target is notable for its focus on upscale, trend-forward merchandise at lower costs. [4]
By 1975, Target was the company's top revenue producer and by the end of the 1970s annual sales exceeded $1 billion. [1] In 2000, the parent company took the Target name from its stores. [5] At the time of Dayton's death, the company he once led was the 36th largest company in the United States. [2]
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.
Target Australia Pty Ltd (formerly Lindsay's and Lindsay's Target, formerly stylised as Target. and doing business as Target and Target Australia) is a department store chain owned by Australian retail conglomerate Wesfarmers. Target stocks clothing, cosmetics, homewares, electronics, books, and toys selling both in-store and online. [3]
Target’s response frustrated some supporters of gay and transgender rights, who said the company caved to bigoted pressure. Target’s quarterly sales fell for the first time in six years ...
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.