By  on September 12, 1994

NEW YORK -- Marvin Goldstein, president and chief operating officer of Dayton Hudson Corp.'s department store division, will leave the company on Friday, in a move to "narrow senior management," the company said.

DH said the position was eliminated and a successor will not be named. No other cuts were announced last Friday, though the position of vice chairman and chief administrative officer, held by Reid Johnson, was eliminated two months ago.

"Like a lot of companies today, we believe we can operate with fewer layers of management," said Stephen Watson, chairman and chief executive officer of the division, in an interview Friday.

"We feel our general merchandise managers can take on a little more responsibility, and this will help us move a little quicker," he added. "We feel we're at the level now that will take us into the future."

Watson will assume Goldstein's responsibilities for merchandising and marketing, and the general merchandise managers will report to him.

Goldstein has been with the department store division for a total of 16 years. He started his career with the Dayton's division, but joined Carter Hawley Hale in the Seventies. He worked for Macy's in the early Eighties and rejoined DH in the late Eighties.

Goldstein could not be reached for comment Friday. Watson said Goldstein was unsure of his plans.

Dayton Hudson, based in Minneapolis, did $19.2 billion in sales last year. Target is the company's largest and most successful division, with $11.7 billion in sales last year.

The department store division, which comprises Dayton's, Hudson's and Marshall Field's, had sales of $3 billion last year.

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