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George Draper Dayton (March 6, 1857 – February 18, 1938) was an American businessman and philanthropist, most famous for being the founder of Dayton's department store, which later became Target Corporation.
Originally hoping to be a minister, Dayton became a businessman and founded the Goodfellow Dry Goods store in Minneapolis. The company would go through several iterations, including being known as Dayton Corporation. By the 1920s it was a multimillion dollar business.
- American
- March 6, 1857
- Clifton Springs, New York, USA
- February 18, 1938
Nelson Dayton took over the presidency of Dayton Company in 1938, when it was already a $14 million business, and saw it grow to a $50 million enterprise. World War II did not hamper business; rather, Dayton's turned the war into an asset.
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.
Though he originally had no experience in retail, Dayton grew the company into a multimillion-dollar business by the 1920s. His son Nelson and grandson Donald succeeded him at the company's helm after Dayton's passing in 1938.
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.
Stephen L. Pistner succeeded William A. Hodder as Target's third president; he was formerly CEO of Team Central, acquired by Dayton Hudson Corp. in 1970.
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