Target History

Target Corporation opened in 1902 in Minneapolis, Minnesota by George Dayton. It was then called the Dayton Dry Goods Company and evolved into the Dayton Company.

In 1962, the first Target store opened in Roseville, Minnesota. Target was a new concept for the company, focusing on the discount merchandising market.

In the early 70's, the store experienced a difficult period. Due to executive's lack of experience in the discount market and poor inventory management, the company experienced losses. The company considered selling Target until Stephen Pistner was named the new CEO. He is credited with the turnaround of the company. By 1975, Target became the company's top revenue producer.

From 1982 - 2000, the company expanded locations throughout the U.S., adding Target Greatlands, Super Targets and Target.com to its offerings. In 2000, the company changed its name from Dayton Hudson to Target Corporation.

Today it is the 5th largest retailer of discount goods in the U.S.

Information taken from http://en.wikipedia.org/wiki/Target_Corporation

Target's basic facts

Target Corporation Basic Facts:

Incorporated in 1902
Industry: Retail - Discount Stores
Ticker symbol: TGT.N on New York Stock Exchange
Current stock price: $39.60 as of 5/27/09

Link to Reuters Financial Ratios information:
http://www.reuters.com/finance/stocks/ratios?symbol=TGT.N

SIC Code: 5311