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History of Target

By joehog
  • Dayton Dry Goods Company

    Dayton Dry Goods Company
    George Draper Dayton was a banker who became a partner with Goodfellow's Dry Goods Company in Minneapolis, Minnesota. He eventually became president and changed the name to Dayton Dry Goods Company.
  • Dayton Foundation

    Dayton Foundation
    George Dayton renames his store the Dayton Company to better suit the wide variety of goods. His company is built on fair business and giving. So he creates he Dayton Foundation and saves $1 million to promote giving back to people.
  • Commercial Flight

    Commercial Flight
    There were strikes going on in the New York harbor and Target was unable to get their supplies. So Dayton's takes the opportunity to use planes to transport goods. This paved the way for commercial flight in the United States.
  • New Owner

    New Owner
    Founder, George Dayton passes away on February 18, 1938 due to cancer. Dayton Company then passed on to his son George Dayton Jr.
  • New Owners

    New Owners
    After the death of George Dayton Jr., his son Donald and 4 cousins and brothers took over.
  • First Branch Out

    First Branch Out
    Dayton opens a new store in Rochester, Minnesota.
  • Entrance Dicount Retailing

    Entrance Dicount Retailing
    The Dayton Company goes into retail with lower prices moving away from department stores. They decide to start a discount chain store under new management by Douglas Dayton.
  • Creation of Target

    Creation of Target
    The company debates over 200 names untii they get to red and white Target. The first store opened in Roseville, Minnesota. Target combines high quality products with low prices. At the end of the year, they open two more in St. Louis Park and Duluth, Minnesota.
  • Outside of Minnesota

    Outside of Minnesota
    Target opens it's first store outside of Minnesota in Denver, Colorado.
  • New Bullseye

    New Bullseye
    Targets moves to St. Louis, Dallas, and Houston. They decide to change the logo to a simplar bullseye.
  • Distribution Center

    Distribution Center
    They opened a distribution center in Friley, Minnesota. It holds and ships products to Target.
  • No. 1 Revenue Maker

    No. 1 Revenue Maker
    Target becomes the no. 1 revenue producer for the new Dayton-Hudson comapny. It has reached over $1 billion in sales in one year.
  • Daytons Retire

    Daytons Retire
    Bruce and Kenneth Dayton retire from the Board of Directors ending 80 years of a family run company.
  • Partners in Racing

    Partners in Racing
    Stores are open in 32 states. Target becomes partners with formula 1 racer Chip Ganassi.
  • New Brand

    New Brand
    Target reveils it's new brand, Expect More. Pay Less. This embodies the retail stores motto. Also, in 1995, they launch a store credit card called the Target Guest Card.
  • Target Goes Online

    Target Goes Online
    Target opens their online website that onlines customers to shop from home and have it shipped to their door.
  • Bullseye the Dog

    Bullseye the Dog
    Bullseye, who is a English Bull Terrier named Arielle, makes his first appearance in a Target commercial. He becomes so famous that they have a wax statue of his at Madame Tussaud's Wax Museum. That same year, target creates their first giftcard system.
  • Market Pantry

    Market Pantry
    Target launches their first self-label called Market Pantry. It is quality but cheap food made by the Target Corporation
  • Next Few Years

    Next Few Years
    Target makes a dollar section in their stores. They reach a high point and make $50 billion in 2005. They launch more self-labeled products. They give back $3 million a week to their community to carry on the idea of giving brought up by founder George Dayton. By 2012 they reach $4 billion per week.
  • 50 Years

    50 Years
    Target celebrates a 50 year anniversary since the first openng of Target. It has also been 110 years since the Dayton Dry Goods Company opened.
  • Target gets Hacked

    Target gets Hacked
    Two russian guys managed to steal 40 million accounts from Target. It took them 18 days to complete the hack. They were eventually caught and Target might face federal charges for the attack.