By  on June 25, 2012

Target, the store, is marking its 50th anniversary in business, but Target, the corporation, traces its roots to 1902. Here are some milestones along Target’s odyssey.

Banker and real estate investor George Draper Dayton, a native New Yorker, heads to the Midwest and settles in Minneapolis, which he feels has the best growth opportunities. He becomes a partner in the Goodfellows Dry Goods Co. department store. The following year, he becomes sole owner and renames it Dayton Dry Goods Co., today known as Target Corp.

1916: The Dayton Co., as it is now known, becomes a founding member of the Retail Research Association, which would later be know as Associated Merchandising Corp.


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