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This approach did not stifle business; the Dayton Company became extremely successful. A multimillion-dollar business by the 1920s, the Dayton Company decided it was ready to expand, purchasing J.B. Hudson & Son, a Minneapolis-based jeweler, in 1929, just two months before the historic stock market crash.
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. Brown of Oklahoma City, Oklahoma; and Lipman's.
Founding of Target. The Target we know and love was born in the 1960s. 1960 1965 1970 1975 1980 1985 1990 1995.
Target, the company's first discount store and eventual namesake, was opened in 1962. The company became the Dayton-Hudson Corporation after merging with the J.L. Hudson Companyin 1969 and formerly held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's.
4 days ago · On May 1, 1962, Dayton Company opened its first Target store, designed as a discount version of Dayton’s department stores. In 1969 Dayton expanded its department store operations and merged with the J.L. Hudson Company to become the Dayton-Hudson Corporation. Dayton-Hudson later acquired two more retailers: the California-based Mervyn’s in ...
That year Dayton Hudson became the seventh largest general merchandise retailer in the United States, its revenues by 1979 topping $3 billion. Also in 1979 the Target chain become Dayton Hudson's largest producer of revenue, eclipsing the department stores upon which the firm was founded.
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Jan 14, 2000 · Dayton Hudson to Become Target Corp. By ABIGAIL GOLDMAN . Jan. 14, 2000 12 AM PT . Share; ... “While the Dayton Hudson name served the company well since we adopted it in 1969, today, the Target ...
