Yahoo Finance’s Brook DiPalma chronicles the history of Target
Beyond the Ticker takes a deep dive into the retail giant’s biggest moments.
1962
The first Target discount store opened in Roseville, Minnesota. It was owned by the Dayton Company, which also had a well known department chain store called Dayton’s. The two stores were competitors.
1990
The first Target Greatland opened in Apple Valley, Minnesota. Fifty percent larger than a standard Target store, Target Greatland included wider aisles, additional food options, and more efficient check lanes.
1995
The first SuperTarget opened in Omaha, Nebraska, combining Target Greatland with an upscale grocery store, Archer Farms Market.
2000
Dayton Hudson Corporation was renamed Target, operating under the new ticker symbol TGT.
2014
Current CEO Brian Cornell took the helm. Cornell was faced with years of weak sales growth and in charge of turning the cheap and chic retailer around.
2021
Ulta Beauty (ULTA) debuted at Target. That business proved to be a bright spot, luring in foot traffic, as customers were pulling back on spending in recent quarters.
2022
Target was one of the first companies to address "shrink," aka retail theft. That year, the company blamed the drop in gross margin rate on shoplifting, or "shrink."
2023
The big box retailer is thinking to the future, investing in promotions with its Circle Rewards program and investing in its footprint. With its biggest fleet yet, the company had more than 1,900 stores across all 50 states.
From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street’s trending companies and how they transformed into the financial icons they are today.
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