In 2000, the Dayton-Hudson Corporation was renamed to Target Corporation. Hudson Company in 1969 and held ownership of several department-store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. It became the Dayton-Hudson Corporation' after merging with the J. The first Target store opened in Roseville, Minnesota, in 1962 while the parent company was renamed the Dayton Corporation in 1967. The company was renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The history of what would become Target Corporation first began in June 1902, when George Dayton purchased a company called Goodfellow Dry Goods. Main article: History of Target Corporation Target's original bullseye logo, used from 1962 until 1968 Map of Target stores in United States, as of December 2020 History Target Corporation's headquarters is located on Nicollet Mall in Minneapolis. Attempts to take the chain international have proved unsuccessful. It has been consistently ranked as one of the most philanthropic companies in the U.S. The corporation also operates 41 distribution centers, a financial services division, a global capabilities center in Bangalore, India, and two criminal forensics laboratories.Īs of 2023, Target operates 1,948 stores throughout the United States, and is ranked No. 32 on the 2022 Fortune 500 list of the largest U.S. Its main competitors include Walmart and Amazon. in the late twentieth century, cementing its place in American popular culture. Its name and logo refer to the center of a shooting target, and its canine mascot is named Bullseye. Its stores typically sell general merchandise-including clothing, household goods, electronics, toys, and more-as well as groceries. Target is notable for its focus on upscale, trend-forward merchandise at lower costs. The parent company was renamed the Target Corporation in 2000. 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 company became the Dayton-Hudson Corporation after merging with the J.L. Target, the company's first discount store and eventual namesake, was opened in 1962. The corporation was founded in Minneapolis by businessman George Dayton in 1902, and developed through the years via expansion and acquisitions. The company is one of the largest American-owned private employers in the United States. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota.
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