By  on July 7, 2013

Douglas J. Dayton, who served as the first president of Target stores, died on Friday following an extended battle with cancer. He was 88.

Dayton led a team within his family-owned department store, Dayton Co., that launched the Target discount concept in 1962, with its first store in Roseville, Minn. The company marketed the store as offering department store features like fashion, quality and service with the low prices of a discounter. Three more Target stores opened in Minnesota by yearend.

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