Search results
1978
- But a suitor came calling in 1978: a company called Dayton Hudson, which would go on to announce a $291 million acquisition of Mervyn's.
www.thelist.com/219017/the-real-reason-mervyns-disappeared/
People also ask
When did Dayton Hudson buy Mervyn's?
Did target buy Mervyn's?
What stores does Dayton Hudson own?
What did Mervyn's sell?
Sep 3, 2021 · But a suitor came calling in 1978: a company called Dayton Hudson, which would go on to announce a $291 million acquisition of Mervyn's. At the time, Seeking Alpha quotes the New York Times as saying Mervyn's was strong enough to provide 15 percent of the new company's total revenue.
- Hope Ngo
May 28, 1989 · When the Minneapolis-based Dayton Hudson Corporation acquired Mervyn's, the California apparel chain, a decade ago, it got a powerhouse - an innovative and much emulated retailer that could...
Jan 5, 2009 · Mervyn’s celebrated its IPO in 1971, and with its growth attracted attention from both competitors and suitors. In January 1978, Dayton Hudson Corp. (parent of Target (TGT)) announced a $291 ...
Oct 14, 1998 · The Dayton Hudson Corporation may get rid of its Mervyn's unit, a chain of 269 department stores selling midpriced merchandise, unless Mervyn's improves sales in 12 to 18 months.
Dayton Hudson bought two more jewelers in 1970--C.D. Peacock, Inc., of Chicago, and J. Jessop and Sons of San Diego. Company revenues surpassed $1 billion in 1971. Mervyn's, a line of moderate-price department stores, merged with Dayton Hudson in 1978.
By 1978, the company had grown to a chain of more than 50 stores in three states, and Mervyn's was acquired by the Dayton Hudson Corporation (now Target Corporation). Mervyn's kept its separate identity as a Dayton Hudson subsidiary.
Jan 3, 2024 · Dayton-Hudson began 1986 by making one of its most strategically significant acquisitions, purchasing 50 Gemco stores from Lucky Stores that both dramatically expanded Target’s West Coast presence and positioned it as the dominant Southern California discounter.
