Who Owns Target
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Who Owns Target | Target Corporation | History & Facts

– Who Owns Target –

Target is a retailing company and is causing a wave in the business of selling goods to customers. people sometimes wonder who owns the target, just to know who has inspired such a creation that has affected the market so well it is hard to not notice it. we shall be sharing more light on that in this article as well as other facts you need to know about the target.

Who Owns Target

About Target Corporation

Target is a shop that sells a wide range of products to customers.

The company has locations all throughout the United States and is still expanding.

Clothing, home goods, food, and other stuff are available for purchase at Target.

It is a popular shopping place, especially for those looking for low-cost options.

The retailer has a long history of being a market leader, and it continues to innovate to stay ahead of the pack.

Customers can purchase online or in-store, and they can join Target’s loyalty program to receive benefits such as free shipping and discounts.

Target is a general merchandise retailer with locations in all 50 states and the District of Columbia.

what is most captivating is that 75 percent of the population of the United States lives within 10 miles of a Target shop.

More Information On Target Corporation

The retail business is also notorious for its addicting shopping experience.

Customers frequently joke about walking into a store intending to make one purchase but chevalier out with many more.

This is so well-known that the “Target Effect” has its own entry in the Urban Dictionary.

The organization is dedicated to offering a positive customer experience and attempts to meet its requirements.

Target is likely to have what shoppers are looking for, whether its clothes, home decor, or something else.

It started off as a one-department dry goods store.

Target has become one of the most successful mass retailers today after many years in the company and adjustments to its mission statement.

However, you can wonder if Target is owned by another retailer or if it is a separate entity.

Here’s everything you need to know about Target, including who owns the company.

Who Owns Target?

Who Owns Target

Target and all of its department stores and subsidiaries are owned by the Target Corporation.

However, they did not always know The Target Corporation as such.

Dayton-Hudson Corporation was the business that owned Target before it changed its name in 2000.

They created the Target Corporation to make it easy to understand which stores the firm was linked with.

Brian Cornell is the CEO of The Target Corporation.

He took over as CEO of the company in 2014 and has been in charge ever since.

How Did Target Begin?

Target did not become the instant success story that it is today.

It’s been around for 100 years and has undergone various transformations.

Here’s a quick rundown of Target’s history and owners.

Target’s Origin

George Draper Dayton was the company’s original owner. He was born in upstate New York in 1857.

Dayton felt a deep moral commitment to his community early in his life.

He intended to be a minister at first, but he discovered he had a calling in business instead.

Dayton started buying farm mortgages in particular and also ran a bank.

With this background, he began looking for expanding markets across the country to establish a business.

Minneapolis, he thought, appeared to be the most promising, particularly in the Midwest.

He and his family moved to Minneapolis from New York.

Note That

Dayton took over the Minneapolis Loan and Investment Company once he arrived and amassed an additional fortune.

He contributed back to his community with his money.

Even founded the Dayton Foundation to help the local community’s life and well-being.

He eventually purchased land for a department store in Minneapolis and established Dayton’s Dry Goods.

The store only had one section.

Dayton believed in selling dependable, high-quality products. Customers flocked to his store, and he was a big hit.

Formation Of The Dayton Corporation

Formation Of The Dayton Corporation

Things were looking up for the shop in 1911.

For simplicity, the company changed its name from Dayton Dry Goods Company to The Dayton Company.

Because the business sold more than only dry products, the change also made branding easier to grasp.

It also offered some services for sale. The name Target did not exist.

Dayton’s Department Store was the store’s sole name. The shop had an issue during the 1920s.

The train industry was on strike, making it impossible for retailers to get merchandise.

To supply stock via railroads, Dayton relied on his warehouses and shipping partners in New York.

Note That

Dayton had a significant challenge because of the strike, he’d have bare shelves and displeased consumers.

He tried something that very few shops had done before, so he rented two planes and turned them into a business.

Dayton bought two Curtiss Northwest Airplane Company planes in particular.

The jets went to Minnesota with 400 pounds of cargo on board.

This was the longest commercial flight that had ever taken place.

The planes caused quite a sensation when they landed, and they even staged a parade in their honor.

The store benefited from the publicity.

Long-distance commercial flights would become the norm because of this decision.

The Second Owner Of Target

The Second Owner Of Target

George Draper Dayton died of cancer after a long career of achievement. He was in his eighties.

Dayton’s main contribution was his humanitarian activity, besides developing an extremely profitable department store.

He established several foundations, one of which would later become The Target Foundation, to help people all over the world.

Following his death, his son, George N. Dayton, took over as store manager.

Dayton wanted to follow in his father’s footsteps by giving back to the community that had assisted them so generously.

To do so, he began a tradition of donating 5% of the store’s pretax profit to the community.

The retailer was only the second in the country to do so.

The Third Owner Of Target

The Third Owner Of Target

Until his death in 1950, George N. Dayton effectively ran the store for several years.

Donald C. Dayton, his son, became the owner of the corporation and hence of the store.

He was the grandson of George Draper Dayton.

Although Donald became the firm’s president, all the Dayton grandkids eventually rose to positions of power inside the corporation.

Among the grandchildren were:

Wallace

George II

Kenneth

Donald

Bruce

Douglas

It was in 1953 that the business underwent significant alterations.

First, they created a new Interior department for their store.

It sold a variety of home furnishings, fabrics, and decorations.

Additional Information on The Third Owner of Target

Initially, the interior section was aimed at enterprises.

Target Commercial Interiors, as it is known today, arose from this section.

The business also had its first enlargement in 1954.

To test this enterprise, it stayed in Minnesota but chose Rochester as the location for a second store.

The Dayton Corporation likewise desired to diversify its operations.

It saw a demand among suburban families who disliked driving long distances to shop.

The corporation pooled its resources and open its stores in the country’s first shopping mall.

The mall, known as Southdale Mall, combined multiple distinct stores into one structure.

The Dayton Company opened a few other malls in the Minneapolis and St. Paul area because of its popularity.

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The Beginning Of An Icon

The Dayton Company saw many changes during the 1960s.

Douglas Dayton, the company’s president, was still interested in pushing the boundaries of what the business might offer its customers.

A flower department was one of the many additions he created.

The Dayton store had its inaugural flower display in 1960.

It included a wide variety of flowers from throughout the world.

They gave customers free samples of some of the spring hues and perfumes that the store would sell later in the year.

Note That

The company began playing with the concept of becoming a mainstream retailer the same year.

Most industry executives warned against becoming a mass retailer.

By becoming a mass retailer, a department store would lose its leading position.

The Dayton Company sought to give its customers new experiences.

They were especially interested in helping clients who were looking for low-cost yet high-quality items.

The company took a chance in 1961. I intended to create a store with 75 departments.

Fashion, home products, and other essentials would be among the departments.

They stressed big aisles, large parking lots with plenty of light, and a quick checkout process.

It is Important to Note That

Target’s official name and logo were created in 1962.

As the company’s Director of Publicity, Stewart K. Widdess was to come up with the name and logo.

He thought the logo and name were ideal since they represented the ambition of a marksman aiming for the bullseye and being the one-stop shop for all shopping needs.

The first Target store opened in Roseville, Minnesota, on May 1, 1962.

The target would go on to open stores in St. Louis Park, Duluth, and Crystal, Minnesota, among others.

The stores are a major hit since they offer low prices on high-quality stuff.

It supports the company’s decision to open its first location outside of Minnesota.

In 1966, the city of Denver, Colorado was selected as the location for the next Target shop.

Growing Nationally

Growing Nationally

The Dayton Company went public in 1967 because of its rapid expansion.

The company was also changing during this period.

They elected Donald Dayton as the board’s chairman.

Bruce B. Dayton succeeded him as president of the corporation.

In addition, they divided the corporation into five separate divisions.

Among them are:

Dayton’s Department Stores

Target Stores

Dalton Booksellers

Dayton Jewelers

Dayton Developmental Company

They also modified the Target logo to something more known today.

Because of its expansion, the company realized it required its own distribution center to ensure that it delivered its products on time to its stores.

In Fridley, Minnesota, it opened its first distribution hub. The corporation would alter even more in 1969.

Note That

It merged with Detroit, Michigan-based J.L. Hudson Company.

The Dayton-Hudson Corporation was formed because of the merger.

The Target Company became one of the top 15 non-food retailers in the country because of this transaction.

The corporation also reaffirmed its commitment to giving back to the community.

For the first time in 1970, it held an Earth Day event at its stores.

In 1973, it launched a new program called Holiday Helpers. This program assists disabled and older customers in their stores with their purchases.

More Information on How They Grow Nationally

The Target division of the corporation becomes the company’s biggest income producer in 1975.

The firm also understood it needed to shift leadership near the end of the 1970s.

Many of the company’s top executives retired to secure the company’s continued success and expansion.

In 1978, Wallace, Donald, and Douglas Dayton all left the company.

The company’s last remaining members of the Dayton family retired in 1983.

Bruce B. Dayton and Kenneth N. Dayton retired, signaling the end of the Dayton family’s direct ownership of the company and involvement with it.

It was also in 1983 that Target opened stores in California.

Expansion to The Southeast

Expansion to The Southeast

Target set its eyes on the southeastern United States in 1989.

It launched 30 stores in the states listed below:

North Carolina

Kentucky

South Carolina

Florida

Georgia

Tennessee

This expansion underlines the company’s success in opening stores from coast to coast in the United States.  

Target purchased Marshall Fields as the 1990s began.

As a result, the company became one of the biggest retailers in the Midwest.

The year would also see Target Greatland open its doors.

This is a larger Target store with a food court and ATMs.

Note That

In 1993, the company set a record by launching 11 new Target locations on the same day in Chicago.

During the 1990s, Target also launched several private labels.

This allowed them to save costs while still giving their guests high-quality things at reasonable prices.

As the decade concluded and the world entered a new millennium, the company foresaw the future by launching its Target online store.

It also started offering a variety of credit cards that customers could use at their businesses.

The Target Corporation

The Target Corporation

The firm opted to alter its name around the turn of the millennium.

They renamed it The Target Corporation from The Dayton-Hudson Corporation.

The shift would simplify things for customers and help them associate the firm with store ownership.

Target stores were in 47 of the 50 states in the United States at the start of 2001.

It would finally open a few locations in Alaska in 2008.

Target, like many of its other stores, changed the things it sells dependent on where it is located.

The corporation sought to market things it knew its clients needed and would use.

Despite being a nationwide brand, Target could surpass $50 billion in sales because of its emphasis on local shopping experiences.

Moreover, Target increased its presence in Hawaii in 2009, selling products unique to the Hawaiian people.

The establishment of Target’s fresh food area in 2010 was another significant introduction.

The store’s grocery department eventually allowed customers to purchase a selection of produce and other culinary items.

The Current CEO

They appointed Brian Cornell as the new CEO of Target Corporation in 2014.

He also rose to the position of board chairman.

Cornell has worked with a variety of retailers in the past.

His resume includes positions as CEO of PepsiCo America Foods, Sam’s Club CEO, and Michael’s CEO.

He began his career as CEO of Safeway.

Cornell wants to see Target’s growth and performance continue to speed up.

He’s particularly interested in growing Target’s online presence.

Under Cornell, the company is also exploring innovative ways to make buying more convenient for store visitors.

Target’s current CEO is Cornell.

More Information On the Target’s Current CEO

Target has remained committed to giving back to its community during its leadership.

Several new initiatives have improved the lives of children, the ill, and those in need.

It also collaborates with CVS to open pharmacies at Target locations.

This allows guests to complete their shopping and fill their prescriptions all in one location.

However, they also reaffirmed their commitment to their workers.

To enable its staff to live more successful lifestyles, it increased its hourly wages to $15 per hour.

In 2017, Target also bought The Current CEOShipt.

The company’s goal is to allow customers to pay others to shop for and deliver their goods for them.

Shipt would collaborate with other shops, becoming essential during the COVID-19 epidemic, which began in 2020.

Why do many people think Target is a French company?

Target is not a French corporation. It was, however, founded by George Dayton, who was born in Minnesota to a Swedish family.

Target is a large retailer with locations across the globe, but it is not French.

They formed it in 1902 in Minneapolis, Minnesota.

However, some individuals may mistake the company’s name for French.

Dayton’s department store was the company’s original name.

However, they renamed it Target in 1962 because the red Target emblem was easier to see from a distance than Dayton’s logo.

Target (Company) Name

Target (Company) Name
Target Whitfords on April 15.

 Goodfellow Dry Goods Company was the original name of the company.

It got the name from its founder, George Dayton.

After touring several businesses, including J.C. Penney and Sears, Dayton branded the company “Target” in 1962.

He wanted his stores to have a memorable brand and name that people would remember.

The term “target” was first used by the British Air Force to refer to bombing raids on German targets during World War II.

How Much Is Target Worth?

Target is the world’s 11th-largest retailer and one of America’s oldest retail companies.

It is a staple among the top 10 national retail chains.

Here’s how Target’s financial success over the past three years has influenced its stock price.

What Target Is Worth

Target’s Share Price, 52-Week Range  $166.83–$268.98
Fiscal 2020 2021 Revenue  $92.4B
Fiscal 2020 Profit  $4.37B
Target’s Net Worth  $14.44B

Target‘s Current Market Cap: $122.63B

Although market capitalization offers you a good idea of how much the market values a company, it entirely depends on market sentiment.

This is based on a variety of consumer characteristics and market players.

The market cap of Target is the total value of all of its outstanding stock.

They essentially inform you how many investors think the firm is worth.

Its big competitors like Walmart and Amazon dwarf Target.

They have a market worth that has fluctuated between $100 billion and $200 billion over the previous year.

However, over the last two years, the company has taken several smart decisions that have helped it gain market share.

Target’s Net Worth:  $14.44B

Target’s net worth is $14.44 billion as of January 2021.

The simplest net worth computation is total assets minus total obligations, which yields this amount.

This net worth has grown over the last three years.

Moreover, It has an equivalent estimate of $11.83 billion and $11.30 billion for 2020 and 2019, respectively.

Walmart and other huge businesses compete fiercely with Target.

Amazon and other online retailers have long dominated the company’s internet presence.

Target is fighting back against the competition.

Target took advantage of the coronavirus pandemic in 2020 and 2021 to significantly improve its online presence.

They keep posting year-over-year sales growth of 29% in October 2021 after posting gains of 155% from Q3 2019 to Q3 2020.

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Everything You Need To Know About How To Pay Your Target REDcard

Everything You Need To Know About How To Pay Your Target REDcard

Target’s popular REDcard, which is issued by TD Bank and offers 5% off purchases, and an extended return period.

They give free two-day shipping for items purchased on Target’s website, which will benefit frequent shoppers tremendously.

For no yearly cost, cardholders also get first access to exclusive events, items, and promotions.

They also get an exclusive voucher on their REDcard anniversary date each year.

Using the Target REDcard to get the greatest bargain is now easier than ever.

Note That

In the Wallet function of the Target smartphone app, combine Circle deals, coupons, and the 5% REDcard discount.

To pay, simply scan the Wallet barcode at checkout.

Check out the Target REDcard payment alternatives after you’ve applied for and been authorized for a Target credit card.

Here’s everything you need to know about using your Target REDCard to make a payment.

How To Make a Target REDcard Payment in Person

For your Target store shopping trip, fuel up with a latte the REDcard gets you 5% off your in-store Starbucks purchase.

Bring your billing statement or Target REDcard credit card to the Guest Services desk so the attendant may search for your account number.

The staff can accept your Target bill payment and apply it to your account using your account number.

How To Make a Target REDcard Payment by Mail

Monthly printed statements are mailed to Target REDcard credit cards.

Customers can rip off the bottom stub and mail it in with their Target payment in the envelope supplied.

To ensure that your payment arrives on time, send it five to seven days before the due date.

If you lose your statement, send payment to the following address:

Target Card Services
P.O. Box 660170
Dallas, TX 75266-0170

Add your Target REDcard account number to the memo section of your check when sending your payment.

Without the stub, the payment processor knows they should reimburse which Target customer account.

How To Make a Target REDcard Payment by Phone

You can also contact the Target REDcard customer service team at 800-424-6888 to make a credit card payment.

Request to talk with a Target guest services agent or follow the automated steps.

Within two business days, your money will be credited to your account.

How To Make a Target REDcard Payment Online

On the Target REDcard login page, enter your username and password to make an online card payment.

When the Manage My REDcard screen displays, go to the “Payment Information” button on the left side of your screen.

Click “Schedule a Payment.” To have your payment deducted from your savings or checking account, follow the prompts.

Your payment will publish the same day if you make it before 5 p.m. Central Standard Time.

What Happens If I Miss a Target Payment?

Payments for Target REDcard credit cards are due at least 25 days following the end of each billing month.

Missing a payment costs you more than the 5% discount you received on your purchases, so keep track of your payments and make them on time.

Pay your credit card amount as soon as you learn you’ve missed a payment.

Online, in-person, or by phone is the fastest payment ways

You’ll be charged a late fee of up to $39 plus interest at a rate of up to 24.90 percent APR for each day you keep a balance.

When it comes to your credit report and credit ratings, getting caught up on past-due balances as soon as possible is critical.

However, according to Equifax, one of the biggest credit bureaus, “the longer a debt stays unpaid, the more negative the effect it has on your credit score.”

How To Avoid REDcard Late Payment Fees

You can avoid a past due payment and the $39 late fee in two ways, You can plan payments up to 30 days in advance using the online interface.

When it comes to target bills You can also set up a Target bill pay reminder alert to notify you when your payment is due.

However, to make a Target REDcard payment in advance, follow these steps:

Sign in to your Target credit card account using your username and password.

When you get to the “Manage My REDcard” screen, go to the “Payment Information” area on the left and click “Schedule a Payment.”

Additional Information About Redcard Payment Fees

To make an advance payment, follow the instructions below;

Set up an email reminder for your Target REDcard payment due date:

Sign in on the Target REDcard login page.

Click “Set Alerts” in the “Settings” box on the left.

Enter the number of days before your due date in the box “My credit card payment is due in” to choose when you wish to get a payment reminder.

Use the most convenient of the four ways to make a Target REDcard payment to pay your account on time once you receive the email reminder.

Can I Change My Target Red Card Payment Date?

Is it possible to change the payment date on my Target Red Card?

Changing your Target REDcard payment date will help you coordinate your payment with your payday or create an easier-to-remember due date.

By dialing the appropriate Target guest services phone number, you can adjust your payment date:

Target Mastercard: 800-424-6888

Its Credit Card: 800-659-2396

Target Debit Card: 888-729-7331

Benefits of Target Bill Pay

The four convenient payment choices of in-store, online, over the phone, and via mail make paying your REDcard a breeze.

Paying off your obligations in full and on time every month.

Like with all store credit cards and credit products, will strengthen your credit.

It saves you money on late fees and interest penalties, making the 5% Target store savings worthwhile.

Target has evolved significantly over the years,  however, it is yet to remain faithful to its founding principles.

The company provides high-quality products at low costs and gives back to the community in many ways.

Although the Target Corporation now owns Target and is directed by Brian Cornell, the Dayton family who started it all is still remembered.

Frequently Asked Questions on Who Owns Target

1. Who owns Target Stores?

Target and all of its department stores and subsidiaries are owned by the Target Corporation.

However, they did not always know The Target Corporation as such.

Dayton-Hudson Corporation was the business that owned Target before it changed its name in 2000.


2. Is Target Owned by Amazon?

Despite being competitors in the mass product sector, Amazon does not own Target, and the two businesses are independent entities.


3. Is Target Australia the Same as Target USA?

Target Australia is a subsidiary of an Australian retailer.

For the use of the name and logo, the latter pays a fee to Target Corporation in the United States.


4. How is Target City Different from Target?

CityTarget stores are typically smaller than standard Target stores, ranging in size from 80,000 to 160,000 square feet, and are among the company’s busiest locations, according to a news release.


5. What Countries Have been Targeted?

The pricing will be the same as those on Target.com in the United States, and they will be shown in over 60 other currencies.

China, India, Canada, Mexico, European Union countries, and others are among the countries where Target shipping is currently available.

Borderfree, a Pitney Bowes Inc. company, is Target’s partner.


More Frequently Asked Question on Who owns Target Stores?

6. How Much Would it Cost to Buy All the Stuff in a Walmart/Target?

How much would it cost to buy everything at Target? The quick answer is between $1 and $8 million.

Thousands of things are available at retail outlets.

Depending on the seasons/quarters, they have hundreds, if not thousands, of things in the stockroom and manufacturing sections.


7. Is Target a Good Store?

Target is a fantastic store to shop at.

However, it places a premium on personal service, so you can shop without feeling like you’re in a big-box store but still saving money.

Target is a popular shopping destination for practically every occasion, as seen by its popularity on social media.


9. Is Target Considered Fancier Than Walmart?

Walmart is usually the most dependable for the best deals and benefits.

However, Target provides a superior shopping experience as well as quality, design-forward products that appear to be much more expensive than they are.


10. Why do People Love Shopping at Target?

The stores are well-lit and colorful; the aisles are large, and the goods are isareell-organized and spread out.

Moreover, that’s why shopping at Target is so fun, and why many end up spending more time there than they intended.


11. On Average, How Much Does Target Mark Up its Items?

According to the blog, the minimal markup puts them in a competitive position versus all others, even low-overhead internet shops.

Walmart and Target are in the center, with an average markup of 32 percent and 46 percent, respectively.

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