Who Is The Owner Of Target?
In this article, you will get to read everything about the owner of Target. Target is one of the leading retail stores in the U.S. So, here, you’ll get to know who is the owner of Target and Target’s history in detail. You can keep on reading to learn more about the owner of Target in detail.
Who Is The Owner Of Target?
The owner of Target is the Target Corporation. Target stores are famous for their high-quality goods and catering. It satisfies the shopper’s every need! However, the store didn’t start in that way. First, Target was a dry goods store having only one department. Later on, it became one of the most successful mass retailers today!
About The Owner Of Target
Many people believe that Target belongs to another retailer. Its the Target Corporation that owns Target and all of its departmental stores and subsidiaries. Before this company, Dayton-Hudson Corporation was the owner of Target. In 2000, the company changed the Target owner name to the Target Corporation. This helped the people to understand which stores the company was associated with.
Later on, Brain Cornell was declared the CEO of the Target Corporation. He joined the company in 2014. Since then, he has been leading the mass retailer store. The CEO of Target’s salary is about $1,400,000.
The story behind Target’s success is not known to everyone. They didn’t become famous overnight! Its been around 100 years, it has seen several changes in its working system. The very first owner of Target was George Draper Dayton. He was born in upstate New York in 1857. Dayton was in charge of the Minneapolis Loan and Investment Company. For here, he started earning money. With the help of this profit, he started the Dayton Foundation for the well-being of the local community.
Dayton created Dayton’s Dry Goods store in Minneapolis. Customers loved his store and he found great success. Later on, the company decided to change its name from Dayton Dry Goods Company to the Dayton Company. After this change, the store started selling more than just dry goods. After this success, Dayton died of cancer. Due to his death, the leadership of the store fell to his son, George N. Dayton.
Then, after George N. Dayton’s death, the store fell to his son, Donald C. Dayton. Donald went on to become the president of the company. In 1967, Donald became the chairman of the board. The company was then split into five divisions. This included Dayton’s Department Stores, Target Stores, B. Dalton Booksellers, Dayton Jewelers, and Dayton Developmental Company.
In 1969, the company joined the J.L Hudson Company. Due to this, the company’s name was changed to the Dayton-Hudson Corporation. Target’s CEO history is also interesting. Bob Ulrich was the CEO of Target for the longest time.
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FAQ
Who Is Owned By Target?
Target is owned by the Target Corporation.
Who Is The Founder Of Target?
The founder of Target was George Dayton.
Who Was The CEO Of Target?
The CEO of Target is Brian Cornell.
How Rich Is The CEO Of Target?
The CEO of Target is very rich. His net worth is about $80 million dollars.
How Much Is The Owner Of Target’s Net Worth?
The owner of Target’s net worth is about $80 million dollars.
Who Is The Corporate Owner Of Target Stores?
The corporate owner of Target stores is the Target Corporation.
Who Did Target Merge With?
The Dayton Company merged with the Detroit-based J.L. Hudson Company that year, to become the Dayton-Hudson Corporation, the 14th largest retailer in the United States, consisting of Target and five major department store chains: Dayton’s, Diamond’s of Phoenix, Arizona, Hudson’s, John A.
Is Target Owned By Russia?
The Target Corporation owns Target and all of its department stores and subsidiaries.
Why Is Target Called Target?
The name “Target” originated from Dayton’s publicity director, Stewart K. Widdess, and was intended to prevent consumers from associating the new discount store chain with the department store. Douglas Dayton, grandson of George Draper Dayton, served as the first president of Target.
Is Target Owned By China?
Target Corporation (doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota.
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Conclusion
Target has transformed considerably over the years! They deliver high-quality products at discounted rates. Thus, that’s all you need to know about the owner of Target.
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