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The year 1969 also saw a major acquisition: the Detroit-based J.L. Hudson Company, a department store chain that had been in existence since 1881. The merger resulted in Dayton Hudson Corporation, the 14th-largest retailer in the United States. Dayton Hudson stock was listed on the New York Stock Exchange.
Dayton-Hudson reached $3 billion in sales, with $1.12 billion coming from the Target store chain alone. [2] Dayton-Hudson sold its nine owned shopping centers in 1978 to Equitable Life Assurance Company, including the 5 owned in Michigan, and the 4 "Dales" shopping centers they developed and owned in Minnesota. [21]
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 ...
Founding of Target. The Target we know and love was born in the 1960s. 1960 1965 1970 1975 1980 1985 1990 1995.
Mar 23, 2023 · By 1962, the Dayton Company had opened the first Target store. Seven years later, in 1969, Dayton Corporation merged with J.L. Hudson Company to create Dayton-Hudson Corporation. In 2000, the ...
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By early 1997 the Dayton Hudson Corporation consisted of three major autonomously run operating units: Target, with 735 discount stores in 38 states, represented the company's primary area of growth; the moderately priced Mervyn's chain operated 300 stores in 16 states, and the upscale Department Store Company operated 22 Hudson's, 19 Dayton's, and 26 Marshall Field's stores.
