The Target Corporation, originally the Dayton Dry Goods Company and later the Dayton Hudson Corporation, is an American retailing company, founded in 1902 and headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, Walmart being the largest. The company is ranked 36th on the Fortune 500 as of 2013 and is a component of the Standard & Poor's 500 index. Its bullseye trademark is licensed to Wesfarmers, owners of the separate Target Australia chain which is unrelated to Target Corporation.
The first Target store was opened in 1962 in Roseville, Minnesota. Target grew and eventually became the largest division of Dayton Hudson Corporation, culminating in the company being renamed as Target Corporation in August 2000. In 2013, Target expanded into Canada and now operates over 100 locations through its Canadian subsidiary.
Traded as: NYSE: TGT S&P 500 Component
Founded: Minneapolis, Minnesota, U.S. (1902, as Dayton Dry Goods)
Founder(s): George Dayton
Headquarters: Target Plaza North & Target Plaza South, Minneapolis, Minnesota, U.S.
Number of locations: 1,921 (November 2013), 1,797 (U.S.) 124 (Canada)
Area served: United States (except Vermont), Canada
Key people: Gregg Steinhafel (Chairman, President and CEO)
Products: Discount department store, hypermarket, supercenter, superstore
Revenue: Increase US$ 73.301 billion (FY2013)
Operating income: Increase US$ 5.371 billion (FY2013)
Net income: Increase US$ 2.999 billion (FY2013)
Total assets: Increase US$ 48.163 billion (FY2013)
Total equity: Increase US$ 16.558 billion (FY2013)
Employees: 361,000 (2013)