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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. The parent company was renamed the Target Corporation in 2000.
- June 24, 1902; 121 years ago (corporation), May 1, 1962; 61 years ago (store)
- US$109.1 billion (2022)
- 440,000 (2023)
Mar 29, 2024 · On May 1, 1962, Dayton Company opened its first Target store, designed as a discount version of Dayton’s department stores. In 1969 Dayton expanded its department store operations and merged with the J.L. Hudson Company to become the Dayton-Hudson Corporation.
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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. The parent company was renamed the Target Corporation in 2000.
- Target - About
- Target - Industry
- Target - Founders and Team
- Target - Startup Story
- Target - Mission and Vision
- Target - Name, Tagline, and Logo
- Target - Business Model
- Target - Revenue Model
- Target - Employees
- Target - Challenges Faced
Target Corporation, also known as Target, is an American department store chain. It was set up in 1962 as a division of Dayton’s department store. The company ranks 37 on the 2020 Fortune 500’s list of top US companies. Target corporation runs several versions of its department store. These comprise the discount store Target, City Target, Target Ex...
Target operates in the retail industry, which is pretty competitive. The total retail sales of the USA amount to 4.86 trillion US dollars in 2022. This was a massive increase from the 53 billion earned in 2021. There are nearly 4 million retail stores in the USA. Since the industry has many players earning enough to be profitable is challenging. At...
George Dayton is considered to be the founder of Target corporation. He founded the first Target discount store in 1962.
In 1893 the Westminster Presbyterian Church needed some sort of earning to set up their new building. In order to cover that cost, George Dayton bought their corner section and built a six-story building on it. Later, he also purchased the Goodfellow Dry Goods store and set it up there. The shop was set up in 1902, and expansion followed. Very soon...
Target's vision statement is as follows: Their mission statement focuses on giving people a convenient and happy life. It is as mentioned below:
Target has been using the same tagline since 1994. It focuses on their aim to offer more for less amount. “Expect more. Pay less.” Target Logo was a bullseye as that is what they wanted to promote for their brand. They had everything for their customers. The first logo was a typical red bull’s eye with the target name written in the center. However...
Target corporation decided to differentiate itself from its other brands. They decided to create their own private-label brands to get more sales. In fact, these brands contribute almost one-third of the company's total revenue. Target owns 41 brands, and though the company deals in other brands, too these remain the main focus. The company either ...
Though Target’s reach is limited to the US, only its self-created brands ensure it gets a fair revenue share cut of the market. Target’s revenue for the last quarter of 2022 was $26.518 Billion. The figures show a hike of 3.38% compared to the previous year’s same-time period figures. The yearlong revenue for the company was $108.72 Billion. This w...
Target’s employee policies aim at the holistic development and growth of its employees. They aim at providing financial security and upliftment of mental and physical health. Some of the benefits are Denatla and health insurance, Disability insurance, paid national holidays, a 10% member discount on any product, a tobacco cessation program, and man...
Target faced data breaches a couple of times in the past. That really diluted the integrity of the company. Since the company also deals in credit and debit services, the impact was quite damaging. Stopping such data breachesis critical to ensure reputation remains intact. Apart from that, Target is focused only on North America. It does not have a...
- June 24th, 1902 as a corporation
- Minneapolis, Minnesota
- George Dayton
- Retail
Target Corp. Annual Reports: 1965-. A collection of the annual reports & Form 10-K to stockholders of Target Corporation (Ticker: TGT). The corporation founded in 1902 is an American retail company headquartered in Minneapolis, Minnesota.
In 1969, Dayton Corporation joined forces with the J.L. Hudson Company of Detroit and merged to form the Dayton-Hudson Corporation.
1969-2000. By the time of the Dayton Corporation's merger with Detroit-based J. L. Hudson in 1969, their new symbol had been used to identify the Dayton's store chain for just over a year. To avoid redundancies, the rechristened Dayton–Hudson Corporation adopted a new "amaranth" symbol, retaining Unimark for the account.
