The company went on to expand rapidly during the 1980s and the 1990s, getting a larger and larger share of the market.
At that time, that was the 14 th-largest retailer in the entire America. Hudson Company, thus creating the Dayton-Hudson Corporation. 1969 was also the year when the Dayton Company merged with the J.L. This way, the company decided to open the first discount store in 1964 in Roseville, Minnesota, and the company applied the “Target” name for that store – that was made with the purpose of not letting the clients to be confused between the department and discount stores.īy 1969, the company had gone public and also built its first distribution center in the town of Fridley, Minnesota. Geisse, when he was employed by the Dayton Company. The concept of discount retailing was developed during the 1960s by John F. Later, the company was inherited by Nelson Dayton, the son of the company’s founder George Dayton, in 1938 and, later, by George’s grandson Donald in the 1950s. Even though the company stood the economic crisis, the expansion had to be slowed down. Target made the first attempt of expansion right before the looming Great Depression of 1929, when the Dayton Company acquired a jewelry company J.B. The store was later renamed into the Dayton Dry Goods in 1903 and the Dayton Company in 1910. The Target Corporation’s roots can be traced back in 1902, when the Reuben Simon Goodfellow Company moved to the newly erected building in Minneapolis, which was constructed on the site of the church (which got burnt up to the ground). Our Target Near Me page will help you locate the closest Target stores around you, get to know more information about this corporation and working hours of its stores, and get better deals by utilizing Target coupons provided by us. At the present time, Target appears the second-largest discount retailer in the United States and the world, being beaten only by Walmart. Target, which is also known as the Target Corporation, is an American chain of discount retail stores.