Target Corp. – history, profile and corporate video
Target Corp. is a retail corporation that sells a wide variety of food and general merchandise – from clothing to household goods to electronics and toys. It is headquartered in Minneapolis, Minnesota, United States.
HISTORY
Target’s origins date back to 1902 when George D. Dayton founded Dayton Dry Goods Company.
In 1903, Dayton Dry Goods Company was renamed The Dayton’s Dry Goods Company.
In 1910, The Dayton’s Dry Goods Company was renamed The Dayton Company.
In 1938, George Draper Dayton passed away, and his son George N. Dayton was named president of The Dayton Company.
In 1962, The Dayton Company opened the first Target store in Roseville, Minnesota. By the end of 1962, Target opened additional locations in St. Louis Park, Crystal and Duluth, Minnesota.
In 1966, two stores were opened in Denver, Colorado, as the first step in the company’s national expansion plans.
In 1967, Dayton Corporation went public.
In 1969, Dayton Corporation merged with the J.L. Hudson Company of Detroit to form the Dayton-Hudson Corporation.
In 1976, Target became the first discount retailer to sell Levi’s jeans.
In 1990, Target’s parent company, Dayton Hudson Corp., purchased Chicago-based department store Marshall Field’s, making Dayton Hudson the largest department store chain in the Midwest.
In 1990, Target Greatland Store format was also introduced.
In 1995, the SuperTarget Store format was introduced.
In 1999, Target.com was introduced.
In 1999, the coffee shop Starbucks was included in hundreds of SuperTarget stores.
In 2000, Dayton Hudson Corporation was renamed Target Corporation.
In 2012, CityTarget, the first small-format Target store, was introduced.
In 2015, CVS acquired Target Pharmacy business.
In 2017, Target acquired Shipt.
In 2019, Disney Stores, Target’s first “shop-in-shop” retail concept deputed.
With more than 368,000 employees, Target Corp. is considered one of the largest retailers in the United States. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, ”corporate.target.com” and ”www.target.com”.
**Video published on YouTube by “Company Man“.
***Video published on YouTube by “Companies History“.