Target Corporation
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Company History
Founded 1902 in Minneapolis, Minnesota
George Dayton founded the Dayton Company in Minneapolis in 1902. The first Target discount store opened in 1962, and the corporation later refocused around the Target name.
George Dayton establishes the Minneapolis retail business that eventually becomes Target Corporation.
The first Target discount store opens in Roseville, Minnesota.
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
Target acquires Shipt to accelerate same-day delivery and omnichannel fulfillment.
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
Target announces that Michael Fiddelke will succeed Brian Cornell as CEO effective February 1, 2026.
Target reports FY2025 revenue of $104.780B and net income of $3.705B.
Target reports Q1 FY2026 net sales growth of 6.7% and comparable sales growth of 5.6%.
Target acquired online beauty retailer Dermstore in 2013 to expand its beauty e-commerce capabilities.
Target acquired same-day delivery platform Shipt for about $550 million to accelerate same-day delivery.
Target acquired Grand Junction, a San Francisco-based transportation-technology startup founded in 2014 whose software coordinated local delivery through a network of more than 700 carriers, to improve last-mile delivery technology.
Since its establishment in 1902, Target Corporation expanded from an early-stage venture into a recognized leader in Retail, overcoming key market challenges.
Over its history, Target Corporation executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Target Corporation maintains resilience through changing technological and economic cycles.