Sunday, February 8, 2009

The History of my favorite retailer

Target first started out in 1902 when George D. Dayton opened Goodfellows in downtown Minneapolis. In 1918, The Dayton Foundation was created with a $1 million endowment & in 1969, it was renamed The Dayton Hudson Foundation. Finally, in 2000, it was renamed The Target Foundation.
The first Target stored was opened on May 1st, 1962 in Roseville, Minnesota. The trademark Target Bulleye logo was redesigned in 1968 & has remanined the same since then. In 1975, Target became Dayton Hudson Corporation's (their parent company) leading revenue producer. In 1978, The Dayton Hudson Corporation acquired Mervyn's and became the 7th largest United States retailer. In 1990, The Dayton Hudson Corporation acquired Marshall Field's department stores.
The first Super Target opened in 1995 in Omaha, Nebraska. In 2004, Marshall Field's & Mervyn's were sold.

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