Is target a general merchandise retailer?
Target is a general merchandise retailer with stores in all 50 U.S. states and the District of Columbia. 75% of the U.S. population lives within 10 miles of a Target store. locations
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.
How many stores does target have in the US?
As of 2021, Target operates 1,926 stores throughout the United States, and is ranked number 37 on the 2020 Fortune 500 list of the largest U.S. corporations by total revenue.
Where are target’s headquarters?
1 corporate headquarters in Minneapolis, Minnesota — more about Target in the Twin Cities 0 stores in Australia (Yep — we get lots of questions about Target Australia, but it’s a totally separate and unrelated company.)
When was the first Target store opened?
When did Target start?
What is a Pfresh store?
How big is a Target store?
What is a Target Redcard?
How many square feet are there in Target?
When did Target Greatland open?
See 4 more
About this website
Target Corporation -- Company History
Statistics: Public Company Incorporated: 1902 as Goodfellow Dry Goods Employees: 306,000 Sales: $43.92 billion (2002) Stock Exchanges: New York Pacific Ticker Symbol: TGT NAIC: 452110 Department Stores; 452910 Warehouse Clubs and Superstores; 452990 All Other General Merchandise Stores; 454110 Electronic Shopping and Mail-Order Houses Company Perspectives:
History of Target Corporation - Wikipedia
In January 2000, Dayton-Hudson Corporation changed its name to Target Corporation and its ticker symbol to TGT; by then, between 75 percent and 80 percent of the corporation's total sales and earnings came from Target Stores, while the other four chains—Dayton's, Hudson's, Marshall Field's, and Mervyn's—were used to fuel the growth of the discount chain, which expanded to 977 stores in 46 ...
Target Corporation | History & Facts | Britannica
Target Corporation, formerly (1911–69) Dayton Company and (1969–2000) Dayton-Hudson 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. Corporate headquarters are in Minneapolis, Minnesota ...
Target History Timeline
Learn about the history of Target Corporation and the Dayton-Hudson Corporation.
Target Corporation - Wikipedia
Target Corporation (simply kent as Target) is an American retailin company that wis foondit in Minneapolis, Minnesota in 1902 as the Dayton Dry Goods Company. In 1962, the company opened its first Target store in nearby Roseville.Target grew an eventually became the lairgest division o Dayton Hudson Corporation, culminatin in the company chyngin its name tae Target Corporation in 2000.
our stores
Behind every great Target run, there’s a passionate team ready to help and more than 1,900 stores that take shopping to a new level. They’re in neighborhoods and communities around the country (within about 10 miles from most doorsteps in America), and they’re truly the heart of Target.
our distribution centers
Meet our distribution and logistics team. Over 18,000 people strong, they’re working hard in 46 distribution centers across 23 states to make sure our products get to Target stores — and ultimately, our guests — quickly and efficiently.
Target headquarters
Our Minnesota roots run deep. From day one (May 1, 1962, when our first store opened in Roseville, MN, to be specific), we’ve called the Land of 10,000 Lakes home. And today more than 10,000 team members, well… headquarter out of our downtown Minneapolis corporate offices.
more U.S. locations
That’s not all — we have even more teams across the country serving our guests and supporting our business:
offices around the world
Target has a presence — and talented team members — across the globe, too. Our Bengaluru, India office is an extension of our Minneapolis Target HQ, where more than 3,000 team members partner closely with their Minneapolis colleagues to create even better experiences for our guests. careers in India
When was the first Target store opened?
The first Target discount store opened in Roseville, Minnesota, a suburb of Minneapolis–Saint Paul, on May 1, 1962. Present-day properties are roughly 135,000 square feet (12,500 m 2) and sell general merchandise, including hardlines and softlines. While many Target stores follow a standard big-box architectural style, the company has focused on "customizing each new store to ensure a locally relevant experience [...] that best fit the surrounding neighborhood’s needs" since August 2006. Initially, only SuperTarget locations operated Starbucks Coffee counters, although they were integrated into general-merchandise stores through their expanded partnership beginning in 2003.
When did Target start?
Target established itself as the discount division of the Dayton's Company of Minneapolis, Minnesota, in 1962 ; it began expanding the store nationwide in the 1980s (as part of the Dayton-Hudson Corporation), and introduced new store formats under the Target brand in the 1990s.
What is a Pfresh store?
PFresh sells perishable and frozen foods, baked goods, meat, and dairy. The company remodeled 109 stores accordingly in 2006, and renovated another 350 stores the following year. The company's decision to close their garden centers opened floor space for PFresh expansion and larger seasonal departments beginning in 2010.
How big is a Target store?
While typical Target locations are about 135,000 square feet (12,500 m 2 ), the majority of "small-format" CityTarget stores are roughly 80,000 square feet (7,400 m 2 ). The first stores were opened in July 2012, in Chicago, Los Angeles, and Seattle; the 160,000 square feet (15,000 m 2) location in Boston is the largest CityTarget and opened in July 2015. TargetExpress stores hover around 14,000 to 21,000 square feet (1,300 to 2,000 m 2 ); the first opened in Dinkytown near the University of Minnesota in July 2014. Products in these flexible-format properties are typically sold in smaller packages geared towards customers using public transportation. Locations built in college communities often carry an extended home department of apartment and dormitory furnishings. In August 2015, Target announced that it would rename its nine CityTarget and five TargetExpress stores as Target beginning that October, deciding that "Big or small, our stores have one thing in common: they're all Target." The first small-format stores under the unified naming scheme opened later that month in Chicago, Rosslyn, San Diego, and San Francisco. The company opened a 45,000 sq ft store in the Tribeca neighborhood of New York in October 2016. In that same month, three other similar-sized stores opened in Philadelphia, Cupertino, California, and the area around Pennsylvania State University. Target opened a 22,000 sq ft store in Austin's Dobie Twenty21, adjacent to the UT Austin campus.
What is a Target Redcard?
Financial and Retail Services (FRS), formerly Target Financial Services, issues Target's credit cards, known as the Target REDcard (formerly the Target Guest Card), issued through Target National Bank (formerly Retailers National Bank) for consumers and through Target Bank for businesses. FRS also oversees GiftCard balances. Target launched its PIN -x debit card, the Target Check Card, which was later rebranded the Target Debit Card. The Target Debit Card withdraws funds from the customer's existing checking account, and allows for up to $40 "cash back". The debit card allows guests to save 5% off each purchase. In late 2017, Target replaced its REDcard slogan, "Save 5% Today, Tomorrow, & Everyday with Target REDcard", when it rolled out new benefits for REDcard holders by offering exclusive products on Target.com and preorders with "Everyday Savings. Exclusive Extras."
How many square feet are there in Target?
The exterior of the CityTarget in Boston, Massachusetts, in October 2015, now rebranded as Target (store #2822) While typical Target locations are about 135,000 square feet (12,500 m 2 ), the majority of "small-format" CityTarget stores are roughly 80,000 square feet (7,400 m 2 ).
When did Target Greatland open?
The first Target Greatland location opened in Apple Valley, Minnesota, in September 1990. They were about 50% larger than traditional Target stores, and pioneered company standards, including an increased number of checkout lanes and price scanners, larger aisles, expanded pharmacy and photography departments, and a food court. Target Greatland locations have since been converted to stores following the PFresh format beginning in 2009.
How many Target stores were there in 1979?
Target Stores opened eight new stores that year, including its first shopping mall anchor store in Grand Forks, North Dakota. In 1979, it opened 13 new units to a total of 80 Target stores in eleven states. Dayton-Hudson reached $3 billion in sales, with $1.12 billion coming from the Target store chain alone.
Who founded Target in 1962?
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.
What year did Dayton-Hudson sell its stores?
Dayton-Hudson sold its nine owned shopping centers in 1978 to Equitable Life Assurance Company, including the 5 owned in Michigan, and the 4 "Dales" shopping centers they developed and owned in Minnesota. In 1980, Dayton-Hudson sold its Lipman's department store chain of six units to Marshall Field's, which rebranded the stores as Frederick & Nelson. That year, Target Stores opened seventeen new units, including expansions into Tennessee and Kansas. It acquired the Ayr-Way discount retail chain of 40 stores and one distribution center from Indianapolis -based L.S. Ayres & Company. In 1981 Dayton-Hudson sold its interest in four regional shopping centers, again, to Equitable Life Assurance Company. Also in 1981, it reopened the stores acquired in the Ayr-Way acquisition as Target stores. Stephen Pistner left the parent company to join Montgomery Ward, and Kenneth Macke succeeded him as president of Dayton-Hudson. Floyd Hall succeeded Kenneth Macke as chairman and chief executive officer of Target Stores. Bruce Allbright left the company to work for Woolworth, where he was named chairman and chief executive officer of Woolco. Bob Ulrich became president and chief executive officer of Diamond's Department Stores. In addition to the Ayr-Way acquisition, Target Stores expanded by opening fourteen new units and a third distribution center in Little Rock, Arkansas, to a total of 151 units and $2.05 billion in sales.
What did Dayton Hudson buy?
In 1969, the company acquired the Boston -based Lechmere electronics and appliances chain that operated in New England, and the Philadelphia -based jewelry chain J.E. Caldwell. It expanded Target Stores into Texas and Oklahoma with six new units and built its first distribution center in Fridley, Minnesota. The Dayton Company merged with the Detroit -based J.L. Hudson Company that year, to become the Dayton-Hudson Corporation, the 14th largest retailer in the United States, consisting of Target and five major department store chains: Dayton's, Diamond's of Phoenix, Arizona, Hudson's, John A. Brown of Oklahoma City, Oklahoma, and Lipman's. The company offered Dayton-Hudson stock on the New York Stock Exchange. The Dayton Foundation changed its name to the Dayton Hudson Foundation, and Dayton-Hudson maintained its 5% donation of its taxable income to the foundation.
Why did Beth Jacob leave Target?
On March 5, 2014, Target Corp.'s Chief Information Officer Beth Jacob resigned, having been in the role since 2008; this is thought to be due to the company's overhaul of its information security systems. On June 15, 2015, CVS Health announced its agreement to acquire Target's pharmacy and retail clinic businesses.
What year did Target change its name?
In January 2000, Dayton-Hudson Corporation changed its name to Target Corporation and its ticker symbol to TGT; by then, between 75 percent and 80 percent of the corporation's total sales and earnings came from Target Stores, while the other four chains— Dayton's, Hudson's, Marshall Field's, and Mervyn's —were used to fuel the growth of the discount chain, which expanded to 977 stores in 46 states and sales reached $29.7 billion by the end of the year. It separated its e-commerce operations from its retailing division, and combined it with its Rivertown Trading unit into a stand-alone subsidiary called target.direct. It started offering the Target Visa, as consumer trends were moving more towards third-party Visa and MasterCards and away from private-label cards such as the Target Guest Card.
How many units did Target sell in 2003?
In 2003, Target reached 1,225 units and $42.0 billion in sales. Despite the growth of the discount retailer, neither Marshall Field's nor Mervyn's were adding to its store count, and their earnings were consistently declining. Marshall Field's sold two of its stores in Columbus, Ohio, this year.
Where is Costco located?
Costco. Costco is the largest membership warehouse club chain in the world based on sales volume, headquartered in Issaquah, Washington, United States and founded in Kirkland, Washington, with its flagship warehouse in nearby Seattle. Costco’s Canadian operations are based in Ottawa, Ontario. It is the fourth biggest general retailer in ...
Is Walmart a public company?
Walmart is an American public corporation that runs a chain of large, discount department stores. It is the world’s largest public corporation by revenue, according to the 2008 Fortune Global 500. Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972.
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When was the first Target store opened?
The first Target discount store opened in Roseville, Minnesota, a suburb of Minneapolis–Saint Paul, on May 1, 1962. Present-day properties are roughly 135,000 square feet (12,500 m 2) and sell general merchandise, including hardlines and softlines. While many Target stores follow a standard big-box architectural style, the company has focused on "customizing each new store to ensure a locally relevant experience [...] that best fit the surrounding neighborhood’s needs" since August 2006. Initially, only SuperTarget locations operated Starbucks Coffee counters, although they were integrated into general-merchandise stores through their expanded partnership beginning in 2003.
When did Target start?
Target established itself as the discount division of the Dayton's Company of Minneapolis, Minnesota, in 1962 ; it began expanding the store nationwide in the 1980s (as part of the Dayton-Hudson Corporation), and introduced new store formats under the Target brand in the 1990s.
What is a Pfresh store?
PFresh sells perishable and frozen foods, baked goods, meat, and dairy. The company remodeled 109 stores accordingly in 2006, and renovated another 350 stores the following year. The company's decision to close their garden centers opened floor space for PFresh expansion and larger seasonal departments beginning in 2010.
How big is a Target store?
While typical Target locations are about 135,000 square feet (12,500 m 2 ), the majority of "small-format" CityTarget stores are roughly 80,000 square feet (7,400 m 2 ). The first stores were opened in July 2012, in Chicago, Los Angeles, and Seattle; the 160,000 square feet (15,000 m 2) location in Boston is the largest CityTarget and opened in July 2015. TargetExpress stores hover around 14,000 to 21,000 square feet (1,300 to 2,000 m 2 ); the first opened in Dinkytown near the University of Minnesota in July 2014. Products in these flexible-format properties are typically sold in smaller packages geared towards customers using public transportation. Locations built in college communities often carry an extended home department of apartment and dormitory furnishings. In August 2015, Target announced that it would rename its nine CityTarget and five TargetExpress stores as Target beginning that October, deciding that "Big or small, our stores have one thing in common: they're all Target." The first small-format stores under the unified naming scheme opened later that month in Chicago, Rosslyn, San Diego, and San Francisco. The company opened a 45,000 sq ft store in the Tribeca neighborhood of New York in October 2016. In that same month, three other similar-sized stores opened in Philadelphia, Cupertino, California, and the area around Pennsylvania State University. Target opened a 22,000 sq ft store in Austin's Dobie Twenty21, adjacent to the UT Austin campus.
What is a Target Redcard?
Financial and Retail Services (FRS), formerly Target Financial Services, issues Target's credit cards, known as the Target REDcard (formerly the Target Guest Card), issued through Target National Bank (formerly Retailers National Bank) for consumers and through Target Bank for businesses. FRS also oversees GiftCard balances. Target launched its PIN -x debit card, the Target Check Card, which was later rebranded the Target Debit Card. The Target Debit Card withdraws funds from the customer's existing checking account, and allows for up to $40 "cash back". The debit card allows guests to save 5% off each purchase. In late 2017, Target replaced its REDcard slogan, "Save 5% Today, Tomorrow, & Everyday with Target REDcard", when it rolled out new benefits for REDcard holders by offering exclusive products on Target.com and preorders with "Everyday Savings. Exclusive Extras."
How many square feet are there in Target?
The exterior of the CityTarget in Boston, Massachusetts, in October 2015, now rebranded as Target (store #2822) While typical Target locations are about 135,000 square feet (12,500 m 2 ), the majority of "small-format" CityTarget stores are roughly 80,000 square feet (7,400 m 2 ).
When did Target Greatland open?
The first Target Greatland location opened in Apple Valley, Minnesota, in September 1990. They were about 50% larger than traditional Target stores, and pioneered company standards, including an increased number of checkout lanes and price scanners, larger aisles, expanded pharmacy and photography departments, and a food court. Target Greatland locations have since been converted to stores following the PFresh format beginning in 2009.
Overview
Target Corporation (doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. Target was established as the discount division of Dayton's department store of Minneapolis in 1962. It began expandi…
Store formats
The first Target discount store opened in Roseville, Minnesota, a suburb of Minneapolis–Saint Paul, on May 1, 1962. Present-day properties are roughly 135,000 square feet (12,500 m ) and sell general merchandise, including hardlines and softlines. While many Target stores follow a standard big-box architectural style, the company has focused on "customizing each new store t…
Brands and subsidiaries
As of 2018, Target has four subsidiaries: Target Brands, Inc., Target Capital Corporation, Target Enterprise, Inc., and Target General Merchandise, Inc.
Financial and Retail Services (FRS), formerly Target Financial Services, issues Target's credit cards, known as the Target REDcard (formerly the Target Guest Card), issued through Target National Bank (formerly Retailers National Bank) …
Supply chain
As of May 2016 , Target Corporation operates 41 distribution centers across the United States. With the exception of vendor-supplied items, such as greeting cards and soda, these distribution centers ship items directly to Target stores. Also, unlike Walmart, Target's grocery selection does not come from their own distribution centers, but from the companies with whom Target has partnered.
Corporate affairs
Target Corporation has its headquarters on Nicollet Mall in Minneapolis near the site of the original Goodfellows store. The complex includes Target Plaza North and Target Plaza South. Ryan Companies developed the complex, and Ellerbe Becket served as the architect. Target had the roughly $260 million complex developed to provide one location of office space for 6,000 employees. The 1…
International operations
Target only operates in the United States as of 2022, however in the past, Target attempted to bring their stores to Canada. Therefore, other companies and trademarks that are under the name of "Target" outside of the United States are not owned by the Target Corporation.
There is a company in Australia with the same logo, and the same name, but these stores are not related. It could be possible that the copying of the branding was legal, or that the companies bo…
Labor relations and team member offerings
In 2015, Target followed Walmart in raising its minimum wage to $9 per hour. Two years later, Target announced that the minimum hourly wage would be increased to $11 by October 2017 and pledged to raise it to $15 (referred to as "living wage" by labor advocates) by 2020. By April 2019, the company announced that it was on track to meet this goal, increasing its minimum wage to $13 per hour. In June 2020, Target announced ahead of schedule that the minimum hourly wag…
Corporate identity
• Target logo, 1962–1968
• Target logo, 1968–present
• Target logo, used as primary logo from 1968–2004 and secondary logo from 2004–2018
• Target logo, 2004–2018