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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.
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]
George Draper Dayton (March 6, 1857 – February 18, 1938) was an American businessman and philanthropist, most famous for being the founder of Dayton's department store, which later became Target Corporation. [1] [2]
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 ...
In 1984, Ulrich became President of the combined Dayton and Hudson department stores, based in Minneapolis. In 1987, he was promoted to chairman and chief executive officer of the Target stores group. 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.
Cornell was the chief marketing officer and an executive vice president of Safeway Inc., from 2004 to 2007. [3] [4] He was the CEO of Michaels from 2007 to 2009, CEO of Sam's Club from 2009 to 2012, [1] and CEO of PepsiCo Americas Foods, a subsidiary of PepsiCo, from 2012 to 2014.
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.
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]