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Target Corporation

Target Corporation
Company nameTarget Corporation
Company typePublic company
Founded1902 (as Dayton Dry Goods)
1969 (as Dayton-Hudson)
2000 (as Target)
Founder(s)George Dayton
HeadquartersTarget Plaza North & Target Plaza South
Minneapolis, Minnesota, United States
No. of locations1,750 (January 2011)
Area servedUnited States
(except Vermont)
Key peopleGregg Steinhafel
(Chairman, President and CEO)
Revenue(+) US$ 67.390 billion (FY 2010)
Operating income(+) US$ 4.495 billion (FY 2010)
Net income(+) US$ 2.920 billion (FY 2010)
Total assets(-) US$ 44.533 billion (FY 2010)
Total equity(+) US$ 15.487 billion (FY 2010)
Employees355,000 (FY 2010)

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Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart. The company is ranked at number 33 on the Fortune 500 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.

The company was founded in 1902 as the Dayton Dry Goods Company, though its first Target store was opened in 1962 in nearby 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. On January 13, 2011, Target announced its expansion into Canada. Target will operate 100 to 150 stores in Canada by 2013, through its purchase of leaseholds from the Canadian chain Zellers.

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