Target began in 1902 as the Dayton Dry Goods Company. The company was founded by George Draper Dayton.
In 1938, George died and his son, Nelson took over the multi-million dollar business.
In 1962, the company opened its first Target location. The idea came from John Geisse, who envisioned an upscale discount retailer.
In 1967, the Dayton Corporation was formed and went public.
By 1979, there were 80 Target stores in 11 states.
In 1982, the company expanded to the West Coast with the acquisition of 33 FedMart stores.
In 1990, Marshall Field’s was acquired.
In 2000, the Dayton Hudson Corporation was renamed to the Target Corporation.
In 2011, the company expanded to Canada with the acquisition of 220 Zellers locations.
In March 2019, Target distanced itself designer Mossimo Giannulli, who heads the “Mossimo” clothing line that has been sold in its stores for years, after he and his wife, actress Lori Loughlin, were linked to a college admission cheating scam.
Today, Target is the 2nd largest discount retailer in the US with nearly 1800 locations.
Target began in 1902 as the Dayton Dry Goods Company. The company was founded by George Draper Dayton.
In 1938, George died and his son, Nelson took over the multi-million dollar business.
History
In 1962, the company opened its first Target location. The idea came from John Geisse, who envisioned an upscale discount retailer.
In 1967, the Dayton Corporation was formed and went public.
By 1979, there were 80 Target stores in 11 states.
In 1982, the company expanded to the West Coast with the acquisition of 33 FedMart stores.
In 1990, Marshall Field’s was acquired.
In 2000, the Dayton Hudson Corporation was renamed to the Target Corporation.
In 2011, the company expanded to Canada with the acquisition of 220 Zellers locations.
In March 2019, Target distanced itself designer Mossimo Giannulli, who heads the “Mossimo” clothing line that has been sold in its stores for years, after he and his wife, actress Lori Loughlin, were linked to a college admission cheating scam.
Today, Target is the 2nd largest discount retailer in the US with nearly 1800 locations.