Not to be confused with Target Australia, Target Canada, or Target Books.
Target Corporation
Corporate headquarters, Target Plaza, in Minneapolis
Formerly
Goodfellow Dry Goods
(1902–1903)
Dayton's Dry Goods Company
(1903–1910)
Dayton Company
(1910–1962)
Dayton Corporation
(1962–1969)
Dayton-Hudson Corporation
(1969–2000)
Company type
Public
Traded as
NYSE: TGT
S&P 100 component
S&P 500 component
Industry
Retail
Founded
June 24, 1902; 121 years ago (1902-06-24) (corporation)
May 1, 1962; 62 years ago (1962-05-01) (store)
Founders
George Dayton (corporation)
Douglas Dayton and John Geisse (store)
Headquarters
Target Plaza
Minneapolis, Minnesota, U.S.
Number of locations
1,956 stores (2024)[1]
Area served
United States, Canada (formerly, see Target Canada)
Key people
Brian C. Cornell (Chairman and CEO)
Products
Clothing, designers, footwear, accessories, jewelry, beauty products, groceries, food, drinks, electronics, housewares, appliances, bedding, bath, furniture, home decor, books, toys, games, movies, music, lawn and garden, pet supplies, health and hygiene products, gifts, optical, snack bar, and pharmacy
Revenue
US$107.4 billion (2023)
Operating income
US$5.707 billion (2023)
Net income
US$4.138 billion (2023)
Total assets
US$55.36 billion (2023)
Total equity
US$13.43 billion (2023)
Number of employees
415,000 (2024)
Parent
Dayton Corporation (1962–1969)
Dayton-Hudson Corporation (1969–2000)
Subsidiaries
Shipt
Website
target.com
corporate.target.com
Footnotes / references [2]
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index.[3] The company is one of the largest American-owned private employers in the United States.
The corporation was founded in Minneapolis by businessman George Dayton in 1902, and developed through the years via expansion and acquisitions. Target, the company's first discount store and eventual namesake, was opened in 1962. The company became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and formerly held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. The parent company was renamed the Target Corporation in 2000.
Target is notable for its focus on upscale, trend-forward merchandise at lower costs.[4] Its stores typically sell general merchandise—including clothing, household goods, electronics, toys, and more—as well as groceries. Its name and logo refer to the center of a shooting target, and its canine mascot is named Bullseye. Target expanded throughout the U.S. in the late 20th century, cementing its place in American popular culture. Its main competitors include Walmart and Amazon. The corporation also operates 41 distribution centers, a financial services division, a global capabilities center in Bangalore, India, and two criminal forensics laboratories.
As of 2023[update], Target operates 1,948 stores throughout the United States,[5] and is ranked No. 32 on the 2022 Fortune 500 list of the largest U.S. corporations by total revenue.[6] It has been consistently ranked as one of the most philanthropic companies in the U.S. Attempts to take the chain international have proved unsuccessful. Target Corporation's headquarters is located on Nicollet Mall in Minneapolis.
Map of Target stores in United States, as of December 2020
^"Target's Locations". Target Corporate. Retrieved January 9, 2024.
^"US SEC: Form 10-K Target Corporation". U.S. Securities and Exchange Commission. March 13, 2024.
^Tuttle, Brad (October 5, 2016). "Why Target Is Focusing on Millennials and Cities Instead of Suburban Moms". Money.com. Archived from the original on May 1, 2022. Retrieved October 12, 2016.
^"US SEC: Form 10-K Target Corporation". U.S. Securities and Exchange Commission. March 8, 2022.
^"Fortune 500: Target". Fortune. Archived from the original on December 30, 2022. Retrieved March 1, 2023.
and 23 Related for: Target Corporation information
TargetCorporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis...
The history of TargetCorporation first began in 1902 by George Dayton. The company was originally named Goodfellow Dry Goods in June 1902 before being...
similar type of outlets, Target Australia carries no direct relation or affiliation to the American big box retailer TargetCorporation. In 1926, George Lindsay...
Target Canada Co. was the Canadian subsidiary of the TargetCorporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga...
below Target Australia, an Australian retail chain similar to, but not associated with, TargetCorporationTarget Books, a publishing imprint Target Corporation...
shows, concerts, sporting events, graduations and private events. TargetCorporation, founded and headquartered in Minneapolis since 1902, has held the...
TargetCorporation, like many large retail and grocery chain stores, offers private brands. Goodfellow & Co., men's clothing, accessories, and grooming...
corporate headquarters for TargetCorporation. It is located a few blocks away from the original building which the TargetCorporation's predecessor, Dayton's...
were split between the county ($90 million), the team ($20 million), TargetCorporation ($4.5 million), the Minnesota Department of Transportation ($3.5 million)...
prospective acquirer to all stockholders of a publicly traded corporation (the targetcorporation) to tender their stock for sale at a specified price during...
Target Optical is an optical company in United States. It operates optical stores inside Target stores in United States. Target Optical was founded by...
service owned by TargetCorporation. It is headquartered in Birmingham, Alabama. In December 2017, it was announced that TargetCorporation was acquiring...
businessman, and the chairman and chief executive officer (CEO) of TargetCorporation. He is also non-executive chairman of Yum! Brands. Brian Cornell was...
chairman of the TargetCorporation, the second-largest mass merchandise retailer in the United States. Ulrich is credited with crafting Target's unique brand...
and skin care products. In 2021, it was acquired by THG plc from TargetCorporation for £260.9m and migrated onto the company's Ingenuity e-commerce platform...
is a Miniature Bull Terrier and currently the official mascot of TargetCorporation. Scud is the pet Bull Terrier of Sid Phillips in Toy Story The 1977...
being the founder of Dayton's department store, which later became TargetCorporation. Dayton was born in Clifton Springs, New York, the son of Caroline...
Policy". Walmart. Retrieved July 5, 2014. "Drake Take Care at Target". TargetCorporation. Retrieved July 5, 2014. Mumbi Moody, Nekesa. "Green Day: No-go...
Company's initial retail distributors. The company began selling in TargetCorporation on June 15, 2014. Other stores that carried the company's products...
Bureau. In July 2010, Baby Buggy launched a layette collection with TargetCorporation, with 10% of sales going to help families in need. The layette line...
announced a major, multi-product licensing agreement with Target stores, for $27.8 million. In 2017, Target underwent a makeover, introducing new smaller lines...
card trailer American Express Red, credit card Target REDcard, a credit card issued by TargetCorporation Red card, in capital punishment in Iraq, a legal...
A backlash against Target occurred in the lead up to Pride Month in 2023 after the American retailer released its Pride month merchandise, sparking attacks...
Global Information
1,956 stores (2024)[1]
US$107.4 billion (2023)