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- In 1969 Dayton’s merged with the J.L. Hudson Company of Michigan and became Dayton Hudson Corporation. Dayton Hudson bought the Brown stores of Oklahoma in 1971 and Mervyn’s of California in 1978.
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Acquires Detroit Department Store in 1969. The year 1969 also saw a major acquisition: the Detroit-based J.L. Hudson Company, a department store chain that had been in existence since 1881. The merger resulted in Dayton Hudson Corporation, the 14th-largest retailer in the United States.
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- Overview
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- Fast Facts: About Dayton Hudson Corporation
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Dayton Hudson Corporation is a general merchandise retailer that may be more commonly known by its subsidiaries: The Department Store Division, Mervyn's California, and Target. The Department Store Division consists of 67 Dayton's, Hudson's, and Marshall Field's stores spread over nine states. The 295 Mervyn's California stores offer name brand cas...
In fiscal year 1997 (ending January 31, 1998), revenues were $27.76 billion, a nine-percent increase over the previous fiscal year. Financial data for the past five years is as follows (all amounts shown are in millions): Revenue for 1997, $27,757; 1996, $25,371; 1995, $23,516; 1994, $21,311; and 1993, $19,233; net earnings for 1997, $751; 1996, $4...
Many industry analysts consider Dayton Hudson stock a stable or growth-oriented investment. Zacks research analysts, overall, recommend Dayton Hudson stocks. Of 14 brokers surveyed, seven call Dayton Hudson stock a "strong buy," four recommend it as a "moderate buy," and three recommend holding existing stocks. None suggested selling the Dayton Hud...
The Dayton Hudson Corporation has its origins in companies founded more than 100 years ago and has a long history of acquisitions and expansions. In 1881 the J.L. Hudson Company was founded in Detroit. Over 20 years later, in 1902, the Dayton Company was founded in Minneapolis. The two companies didn't actually merge until 1969. In the meantime, ho...
Dayton Hudson's financial strategy involves keeping capital markets liquid, managing the amount of floating-rate debt, and maintaining a balanced range of debt maturities. The Target proprietary credit card, called the Target Guest Card, asserts the subsidiary's brand identity and elevates shoppers to a status usually associated with non-discount c...
Dayton Hudson's strategies have been influenced by pressure to improve financial performance or consider a merger. In 1996 Dayton Hudson rejected J.C. Penney's proposal to buy Dayton Hudson at what was then a substantial increase in per share price. J.C. Penney offered a stock-and-cash proposal of $90 to $95 per share while Dayton Hudson's stock wa...
Besides the three-year plan to consolidate its systems operations, Dayton Hudson plans to continue its growth primarily through expansion and acquisition. In 1997 60 new Target stores were opened, including the retailer's first stores in Cincinnati, Philadelphia, and New York City. In April 1998 Dayton Hudson acquired Rivertown Trading, a direct ma...
Dayton Hudson's Department Store Division has been focusing on expanding its own brands of merchandise in order to better penetrate the retail market and enhance company identification through product label. Products include Field Gear, Field Manor, 111 State, and Indeed. The Department Store Division has also been expanding its upscale merchandise...
Ownership:Dayton Hudson is a publicly owned company traded on the New York Stock Exchange. Ticker symbol:DH Officers:Robert J. Ulrich, Chmn. & CEO, 53; James T. Hale, Sr. VP, Gen. Counsel, & Sec., 56; Douglas A. Scovanner, Sr. VP & CFO, 41 Employees:230,000 Principal Subsidiary Companies:Dayton Hudson Corporation owns and operates Dayton's, Hudson'...
Dayton Hudson sponsors many community involvement programs through grants and volunteer work. In 1997 Dayton Hudson received the nation's highest honor for community service, the President's Service Award, for its Family Matters program. In June 1997 Dayton Hudson held a "Week of Giving," which involved thousands of volunteers committed to improvin...
It became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. In 2000, the Dayton-Hudson Corporation was renamed to Target Corporation.
1969: Dayton merges with the Detroit-based J.L. Hudson Company department store chain, forming Dayton Hudson Corporation. 1978: Dayton Hudson acquires the California-based Mervyn's chain of moderate-priced department stores. 1979: The Target chain becomes Dayton Hudson's largest producer of revenue.
The Dayton Corporation, a diversified retailer in Minneapolis and the J. L. Hudson Company, Detroit, the country's largest, privately held department-store concern announced yesterday that they...
We began 1969 with 62 stores in 15 states, and with projections of an increase in earnings. We completed the year with 94 stores in 18 states—and a decrease in earnings. The year was successful in terms of the expansion we need to position ourselves nationally for long-term earnings growth, but it was disappointing in terms of
Jan 3, 2024 · In a seminal 1969 deal, the Dayton Company merged with the venerable Detroit-based department store chain J.L. Hudson Company, forming the Dayton-Hudson Corporation and establishing a retailing conglomerate encompassing five major chains, including the burgeoning Target discount stores.
