Where is the original Target store?
Minneapolis, MNTarget Corporation / Place founded
What was the original name of Target stores?
Goodfellow Dry Goods
Banker and real estate investor George Draper Dayton incorporated Target in 1902 as Goodfellow Dry Goods. The following year the name was changed to Dayton Dry Goods Company and shortened to Dayton Company in 1911.
When was the first Target store built?
1902, Minneapolis, MNTarget Corporation / Founded
Was Target originally a grocery store?
Target can trace its retail lineage back to the dawn of the 20th century. Its founder was a businessman named George Dayton. Dayton initially made a foray into the dry goods game, only to pivot to the department store business.
What country owns Target?
the United States
Target Corporation (doing business as Target and stylized as target) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the eighth largest retailer in the United States, and a component of the S&P 500 Index.
Does the Dayton family still own Target?
In 1983, Bruce Dayton, and his brother, CEO Kenneth N. Dayton, both retired from the company’s board of directors, ending the 80-year day-to-day direct ownership by the Dayton family. The company, which changed its name to the Target Corporation, is no longer owned or operated by the Dayton family.
What is the history of Target?
The company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton’s Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967.
Who is founder of Target?
George DaytonTarget Corporation / Founder
What was the first Target store?
1962–75: Founding of Target While working for the Dayton company, John F. Geisse developed the concept of upscale discount retailing. On May 1, 1962, the Dayton Company, using Geisse’s concepts, opened its first Target discount store located at 1515 West County Road B in the Saint Paul suburb of Roseville, Minnesota.
How did target get its name?
The name “Target” originated from Dayton’s publicity director, Stewart K. Widdess, and was intended to prevent consumers from associating the new discount store chain with the department store. Douglas Dayton served as the first president of Target. The new subsidiary ended its first year with four units, all in Minnesota.
When did target open in South Australia?
In 1968, Myer Emporium purchased the chain of 16 stores and renamed the company Lindsay’s Target, moving into the South Australia market with the first discount department store positioned format “Target” store opening in Newton, South Australia in October 1970 with an aim to expand the business.
What is the parent company of target called?
The parent company was renamed Target Corporation in 2000, and divested itself of its last department store chains in 2004.
