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.
In 1966, Target opened its first store outside of Minnesota in the metro Denver area. The following year, Dayton Co. went public and began to expand nationally. Today, Target operates 1,832 stores.
Dayton himself exited the Target business in 1968 and became an executive at its parent company, the Dayton-Hudson Corp., which was created by the 1969 merger of Dayton Corp. and J.L. Hudson Co. of Detroit.
Dayton left the family business altogether in 1974 to form a venture capital firm.
Born on Dec. 2, 1924, in Minneapolis, Dayton was the youngest of five sons of George Nelson Dayton, son of Dayton Co. founder George Draper Dayton. He joined the family business after serving in the Army during World War II, where he received a Purple Heart.
Dayton, who lived in Wayzata, Minn., was an active philanthropist and served on the boards of the Twin Cities YMCA, the Urban League, the Minneapolis Urban Coalition and the Nature Conservancy, according to press reports.
“Doug was instrumental in helping to guide the strategic direction of Dayton Hudson Corp. for many years and institutionalize the values that are at the heart of Target Corp. today,” said Gregg Steinhafel, president and chief executive officer of Target Corp.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion