Target Corporation
Target Corporation
By: Michelle
Management 361
(APA style)
Abstract
“Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More. Pay Less, brand promise.”
Target Corporation is a quickly growing company who has over 1400 stores in the United States with plans of opening 600 new stores within the near future. This expansion requires great planning and commitment from the human resources department, which makes it all possible to have great employees, supporting staff and many future endeavors. All these things make Target a very diverse and innovative store that supports their mission by commitment to great value to the community and environment.
Target Corporation The Target Corporation did not initially start out as a huge discount chain of stores. In 1902 a man named George Dayton constructed a building that was six-stories located in downtown Minneapolis, R.S. Goodfellow, a local department store. A year later Mr. Goodfellow, store owner, retired and sold his share to Mr. Dayton, who soon renamed the department store to Dayton Dry Goods Company. Dayton Company created many milestones for their local community, they opened their first store in Edina, Minnesota, and the world’s first fully enclosed shopping mall in 1956. Mr. Dayton saw a demand for a store that sold less-expensive goods in a quick, convenient format, the first Target discount store was opened in 1962. Target became the first retail store to offer well-known national brands at discounted prices. Initially there were only four Target stores, all operating out of Minnesota.
Expansion
In 1968, Target stores expanded into Missouri, opening two stores in St. Louis, in the same year, Target’s parent company, Dayton, merged with JL Hudson Company of Detroit and became Dayton-Hudson Corporation. However, due to rapid expansion and
By: Michelle
Management 361
(APA style)
Abstract
“Our mission is to make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More. Pay Less, brand promise.”
Target Corporation is a quickly growing company who has over 1400 stores in the United States with plans of opening 600 new stores within the near future. This expansion requires great planning and commitment from the human resources department, which makes it all possible to have great employees, supporting staff and many future endeavors. All these things make Target a very diverse and innovative store that supports their mission by commitment to great value to the community and environment.
Target Corporation The Target Corporation did not initially start out as a huge discount chain of stores. In 1902 a man named George Dayton constructed a building that was six-stories located in downtown Minneapolis, R.S. Goodfellow, a local department store. A year later Mr. Goodfellow, store owner, retired and sold his share to Mr. Dayton, who soon renamed the department store to Dayton Dry Goods Company. Dayton Company created many milestones for their local community, they opened their first store in Edina, Minnesota, and the world’s first fully enclosed shopping mall in 1956. Mr. Dayton saw a demand for a store that sold less-expensive goods in a quick, convenient format, the first Target discount store was opened in 1962. Target became the first retail store to offer well-known national brands at discounted prices. Initially there were only four Target stores, all operating out of Minnesota.
Expansion
In 1968, Target stores expanded into Missouri, opening two stores in St. Louis, in the same year, Target’s parent company, Dayton, merged with JL Hudson Company of Detroit and became Dayton-Hudson Corporation. However, due to rapid expansion and
Bibliography: Hammond, J. (2010, December). Corporate Competitors. Retrieved December 2010, from Daily Finance: http://www.dailyfinance.com/about/ History of the Large Company Model. (n.d.). Retrieved December 2010, from History of Corporations: http://www.thehistoryofcorporate.com/ Reel, L. (2010). Target Corporation: Company Analysis and Evaluation. Yahoo Business and Finance , 1-4. Target: Through The Years. (2010, November). Retrieved December 2010, from Target Corporation: http://sites.target.com/site/en/company/page.jsp?contentId=WCMP04-031697