Target Corporation
Explore Target
Core profile pages, annual revenue records, and related research hubs for this company.
Target Corporation
Explore Target
Core profile pages, annual revenue records, and related research hubs for this company.
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 founded the Dayton Company in Minneapolis, creating the retail lineage that later became Target Corporation.
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%.
Accelerate same-day delivery.
Improve last-mile delivery technology.
Expand beauty e-commerce capabilities.
Target traces its origins to 1902.
The 2026 CEO transition to Michael Fiddelke came as Target worked to restore sales momentum and sharpen operations.
Target grew from Dayton's retail roots into a national discount chain, then into an omnichannel retailer using stores as fulfillment hubs.
This Target history page covers founding, growth milestones, leadership, financial context, and strategy.