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Target Corporation

American retail corporation and discount department store chain

  • 44 min read
  • 13 chapters
  • 2 labs on Lably
Target Plaza
2008-0712-MPLS-panorama.JPG : Bobak Ha'Eri derivative work: Xnatedawgx ( talk ) · CC BY 2.5

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The first Target retail store was co-founded as a discount retailer by John Geisse and Douglas Dayton in 1962 for department store Dayton's in Roseville, Minnesota. Dayton's was renamed Target Corporation in 2000. Target focuses on upscale, trending merchandise at lower costs. Its stores typically sell general merchandise. Target's logo refers to the center of a shooting target, and its canine mascot is named Bullseye. The corporation also operates two criminal forensics laboratories. Despite the identical logo and name and similar type of outlets, Target Corporation has never had a direct relation or affiliation to Target Australia.

As of 2024, Target is ranked No. 32 on the 2022 Fortune 500 list of the largest American corporations by total revenue. As of 2025, it operates more than 2,000 stores.

History

Target Corporation is an American retail chain that operates large discount stores.

In 1962, John Geisse and Douglas Dayton founded and launched Target stores for the Dayton Company. The first Target store opened in May 1962 in Roseville, Minnesota, a suburb of St. Paul, Minnesota. By the end of that year, there were four Target stores, located in Roseville, Crystal, Duluth, and St. Louis Park, Minnesota, respectively.

Dayton-Hudson Corporation announced in January 2000 a name change to Target Corporation.

Target is the seventh-largest retailer in the United States and is a component of the S&P 500 Index. As of 2024, Target is ranked No. 32 on the 2022 Fortune 500 list of the largest American corporations by total revenue. As of 2025, Target operates nearly 2,000 stores in the United States.

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