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Target, the company's first discount store and eventual namesake, was opened in 1962. The company became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and formerly held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's.
- June 24, 1902; 121 years ago (corporation), May 1, 1962; 61 years ago (store)
- US$109.1 billion (2022)
- 440,000 (2023)
Dayton Hudson Corporation. Address: 777 Nicollet Mall. Minneapolis, Minnesota 55402. U.S.A. Telephone: (612) 370-6948. Fax: (612) 370-5521. Statistics: Public Company. Incorporated: 1969. Employees: 213,000. Sales: $23.5 billion (1995) Stock Exchanges: New York Pacific. SICs: 5311 Department Stores. Company History:
- Overview
- Company Finances
- Analysts' Opinions
- History
- Strategy
- Influences
- Current Trends
- Products
- Fast Facts: About Dayton Hudson Corporation
- Corporate Citizenship
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...
People also ask
When did Dayton Hudson become a company?
Who owns the Dayton-Hudson Company?
Is Dayton Hudson a department store?
When was Dayton's merged with Hudson's?
In 1969, Dayton's merged with Michigan department store chain Hudson's to form the Dayton-Hudson Corporation. The Target division of the company eventually grew so large that in 2000 the corporation was renamed the Target Corporation.
- January 12, 2001; 22 years ago
- George Draper Dayton
- June 24, 1902; 121 years ago, Minneapolis, Minnesota
- Department store
The Dayton Company merged with the Detroit-based J.L. Hudson Company that year to become the Dayton-Hudson Corporation, the 14th largest retailer in the United States, consisting of Target and five major department store chains: Dayton's; Diamond's of Phoenix, Arizona; Hudson's; John A. Brown of Oklahoma City, Oklahoma; and Lipman's.
Target Corporation is the fourth largest retailer in the United States, operating 1,556 stores in 47 states. Formerly Dayton Hudson Corporation, Target has three main retail divisions: Target Stores, Mervyn's, and Marshall Field's.
Mar 29, 2024 · Dayton-Hudson Corporation. Date: 1902 - present. Ticker: TGT. Share price: $167.11 (mkt close, Apr. 22, 2024) Market cap: $77.70 bil. Annual revenue: $107.41 bil. Earnings per share (prev. year): $8.93. Sector: Trade & Services. Industry: Retail. CEO: Brian C. Cornell. Headquarters: Minneapolis. Recent News.
