History of Target
Target Corporation was founded in 1902 as Dayton Dry Goods Company in Minneapolis, Minnesota, by George Draper Dayton. Initially a department store, it expanded steadily, emphasizing quality products and customer service. In 1962, the company introduced the first Target store in Roseville, Minnesota, as a discount retail chain focused on offering stylish and affordable goods. The concept was a success, leading to rapid expansion across the United States. By 2000, the company officially rebranded as Target Corporation, reflecting its national presence and focus on innovation in retail.
Over the years, Target has positioned itself as a major competitor to Walmart and Amazon by emphasizing design, exclusive brand collaborations, and a seamless shopping experience, both in-store and online. The company has also invested heavily in sustainability and diversity initiatives. Despite challenges, including data breaches and an unsuccessful expansion into Canada, Target continues to thrive, adapting to changing consumer trends with its digital transformation and same-day delivery services. Today, it remains one of the largest and most recognizable retailers in the U.S.