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.

1902:
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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