Target is an American merchandise retailer whose headquarters is based in Minneapolis, Minnesota.
Originally, it was founded under the name of Dayton Dry Goods Company by George D. Dayton, in 1902.
By 1910 it was renamed the Dayton Company.
George D. Dayton passed away in 1938 leaving his son, George N. Dayton, as the president of The Dayton Company.
He began to grow the company into a nationwide retailer.
By 2000 it was renamed as what we know it as today – Target Corporation.
There are 1,926 stores across the U.S. with more than 409,000 employees across all stores.
Target is considered one of the largest retailers in the United States in close competition with Walmart.
According to Forbes, it is considered one of the top 2000 largest public companies in the world.
The company offers a large variety of products including: Beauty and health products, bedding, clothing and accessories, electronics, food, furniture, jewelry, lawn and garden, pet supplies, shoes, small appliances, toys/games, and many more.
Target’s net worth as of February 18, 2022, is $97.93 billion.
Target also puts a lot back into the community across the country.
As part of its Racial Equity Action and Change (REACH) commitments, they are finding new ways to support black communities.
In 2021, they vowed that by 2025 they want to invest $100 million to help fuel economic prosperity in the black communities. They said they will do it by supporting local, black-led organizations.
They also launched a Target Scholars program, in partnership with the United Negro College Fund (UNCF).
This will support students at more than a dozen historically black colleges and universities with scholarships.
Brian Cornell, CEO of Target, says “Every decision a company makes should start with an unerring focus on the consumer.”