Target Corporation

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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; 122 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 original Target retail store was co founded by John Geisse and Douglas Dayton, the CEO of the Dayton corporation at that time. The Dayton corporation, now known as the Target Corporation, was the company John Geisse worked for when he founded the Target stores and 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 and founded by American business man John F. Geisse 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. Despite the identical logo, name and similar type of outlets, Target Corporation is not affiliated with Target Australia.

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.