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The history of Target Corporation first began in 1902 by George Dayton. 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.
Target's parent company, Dayton Hudson Corp., purchased legendary Chicago-based department store Marshall Field's, making Dayton Hudson the largest department store chain in the Midwest.
Company History: 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.
The history of what would become Target Corporation first began in June 1902, when George Dayton purchased a company called Goodfellow Dry Goods. The company was renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910.
Jun 28, 2024 · Target Corporation, American mass-market retail company operating large-scale food and general-merchandise discount stores. It is one of the largest discount retailers in the United States, and its red bull’s-eye logo is familiar throughout the country.
Target Corporation has grown from its 1902 origins as a small Minneapolis dry goods store into one of the largest retailers in the US, expanding nationwide with its discount store concept by the 1990s before retrenching its focus solely on that format in the 2000s.
Developed by businessman Marshall Field out of various partnerships that operated dry goods stores in the 1850s to the 1870s, the store adopted the name Marshall Field & Company in January 1881 and built its central State Street store in Chicago's Loop in 1907.
