Manufacture liquidating sex toys
It became the Dayton-Hudson Corporation after merging with the J. Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's.
Target established itself as the highest-earning division of the Dayton-Hudson Corporation in the 1970s; it began expanding the store nationwide in the 1980s and introduced new store formats under the Target brand in the 1990s.
It opened three additional units in the first year, and reported its first gain in 1965 with sales reaching million. Dalton Bookseller was formed as a subsidiary of the Dayton Company.
Target is often recognized for its emphasis on "the needs of its younger, image-conscious shoppers," whereas its rival Walmart more heavily relies on its strategy of "always low prices." The Westminster Presbyterian Church from downtown Minneapolis burned down during the Panic of 1893.
Founded by George Dayton and headquartered in Minneapolis, Minnesota, the company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910.
The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967.
Dayton convinced the Reuben Simon Goodfellow Company to move its nearby Goodfellows department store into the newly erected building in 1902, although its owner retired altogether and sold his interest in the store to Dayton.
The company made its first expansion with the acquisition of the Minneapolis-based jeweler J. Hudson & Son right before the Wall Street Crash of 1929; its jewelry store operated in a net loss during the Great Depression, but its department store weathered the economic crisis.
The new company, at the time the 14th-largest retailer in the United States, consisted of Target and the department stores Dayton's, Diamond's, Hudson's, John A. Target reported a decrease in profits in 1972, due to the rapid pace of expansion with the purchase and conversion of several former Arlan's department store locations.