Target Corporation, headquartered in Minneapolis, Minnesota, stands as the seventh- largest retailer in the United States, renowned for its chain of discount department stores and hypermarkets. Founded by businessman George Dayton in 1902, Target has evolved through expansion and acquisitions, with its first discount store opening in 1962. The corporation, originally named Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969, underwent a transformative shift in 2000 when it was rebranded as the Target Corporation. Known for offering upscale, trend-forward merchandise at competitive prices, Target's stores encompass a diverse range of products, from clothing and electronics to groceries. With 1,948 stores across the United States as of 2023, Target has secured a prominent place in American popular culture, consistently ranking among the most philanthropic companies in the U.S. Despite its domestic focus, attempts to take the chain international have been unsuccessful.Target's rich history began with the purchase of Goodfellow Dry Goods in 1902, later renamed Dayton's Dry Goods Company and eventually evolving into the Dayton- Hudson Corporation. The first Target store opened in Roseville, Minnesota, in 1962, marking the beginning of Target's iconic presence in the retail landscape. Over the years, the corporation held ownership of prominent department store chains, including Dayton's, Hudson's, Marshall Field's, and Mervyn's. Today, Target's commitment to providing quality products at affordable prices, coupled with its philanthropic endeavors, has solidified its position as a major player in the retail industry.
Target’s annual revenue in 2022 is $109 billion with 440,000 employees as of 2023
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