About Target Corporation (TGT)

Company Description:

Target Corporation, a well-known name in the retail sector, is primarily engaged in the operation of general merchandise discount stores. It operates through a single segment: General Merchandise Stores.

Founded by George Dayton and originally named Goodfellow Dry Goods, the company was established in 1902 and underwent several name changes before becoming Target Corporation in 2000. The company's headquarters is located at 1000 Nicollet Mall, Minneapolis, Minnesota, United States.

Main Product(s):

Target is famous for its wide range of products, including but not limited to clothing, electronics, food, furniture, and housewares, offering a one-stop shopping experience.

Short History of Target Corporation:

• 1902 – Founded as Goodfellow Dry Goods by George Dayton.
• 1962 – The first Target store opened in Roseville, Minnesota.
• 2000 – The company was renamed Target Corporation.
• 2013 – Expanded into Canada but later withdrew in 2015.
• 2017 – Target began a nationwide rollout of same-day delivery services.
• 2020 – During the COVID-19 pandemic, Target saw a significant increase in digital sales.
• 2023 – Continued expansion of in-store and online services, focusing on sustainability and inclusivity.