You may think that you know exactly who owns Target, and that it’s this red bullseye logo and this is true.
There are many layers to the corporate structure of Target, and if you haven’t done any research on who owns Target, you may have no idea just how intricate this company really is.
So let’s explore the question of who owns Target in-depth and get to the bottom of things!
Who Owns Target?
Target is owned by the Target Corporation. Many people often mistake that some other major retailer owns Target, for example, many think that Target is owned by Walmart or Costco, but this is not the case. Target Corporation owns all of Target stores, including each and every location in the US as well as Canada. These also include Super Target stores.
What Family Owns Target?
Target Corporation is an American retailing company headquartered in Minneapolis, Minnesota. Target was founded by George Dayton in 1902 as the Dayton Dry Goods Company in Minneapolis.
The first Target store opened in1962, near downtown Minneapolis. Target grew and eventually became the largest division of Dayton Hudson Corporation (which later merged with Hudson’s Bay Company to form today’s Hudson’s Bay Company) before seceding in 2005 and becoming a separate, publicly-traded company.
Today it operates over 1,926 stores all over the world. Its expansion into Canada ended when it sold its 133 stores there to Canadian retailer Zellers Inc., which operated them under that name until 2011 when they were closed or sold off.
In November 2011, Target announced that beginning January 12th, 2012 they would be expanding into British Columbia, Alberta & Ontario with between 16-20 new stores being built over 3 years starting in early 2012.
Is Target owned by Costco?
While both Costco and Target are major retailers of the US, many mistake that Target is owned by Costco.
It’s not true that Target is owned by Costco, in fact, Target Corporation owns Target. Both companies are owned by different individuals.
Is Target privately owned?
No, Target is a publicly-traded company. The company was founded in 1902 by George Dayton as a store selling everything from toys to fabrics to automobiles, under what was then called Goodfellow’s Dry Goods Company.
GoodFellow’s Dry Goods Company first opened on Nicollet Avenue in Minneapolis, Minnesota.
Beginning in 1967, Dayton’s sons began opening Target stores across America–eventually expanding nationwide and becoming an expert retail juggernaut in American pop culture.
In 2000, Dayton Corporation became known as Target Corporation, following an initial public offering (IPO).
Today, Target operates stores around the world that sell products ranging from clothing and accessories to home goods and electronics–making it one of America’s most popular chain retailers alongside companies like Walmart and Macy’s.
Who owns Target in America?
It doesn’t matter what country we talk about, Target is owned by the Target Corporation. It was first known as Dayton’s Department Store. It saw many changes over the years, and then it became Target. It has been operated by the Dayton family for over decades.
Does the Dayton family still own Target?
The store was founded by George Dayton, and he was later joined by his brothers, John and Louis. Dayton’s Corporation also merged with J.L. Hudson Company to become Dayton-Hudson Corporation (now known as Target Corporation) over the years. Around 1983, all members from the Dayton family retired from Target Corporation and it has since been operated by a majority of people.
What country owns Target stores?
In 1929, George Dayton launched Target with a goal of serving discriminating shoppers who appreciated fine goods at affordable prices.
Now, 93 years later, Target is one of America’s leading discount retailers, with more than 1,900 stores in 49 states and annual sales topping $99 billion.
Although you may think you know who owns your favorite department store chain, you may be surprised to learn that it is simply owned by the Target Corporation. Many people make the mistake of thinking that Target is owned by Walmart or Costco, but this is not the case.
Target Corporation is a name that most Americans are familiar with; however, what many don’t realize is that Target was actually just one part of a much larger conglomerate known as Dayton Hudson Corporation.
How rich is the owner of Target?
The CEO and chairman of Target, is quite rich. Current CEO of Target is Brian Cornell, and he has a net worth of over $80 million. This is quite a feat to achieve considering Target serves as a discount retailer.
What companies does Dayton own?
Dayton used to own what is now known as Target. The Dayton family was actually the one that started several different companies which were changed to Target in 2000. The Dayton’s also own Marshell’s Field and Macy’s
Who is Target’s biggest competitor?
Target’s main competitors are Walmart, Costco, Amazon, and Home Depot.
It’s tough to say right now who is Target’s biggest competitor today, but it will likely be one of these four names as they are all fighting for market share in different areas of retailing—each with their own niche.
The easiest way to think about Target’s competition is simply that there are really only three big-box retailers: Walmart, Best Buy, and Target.
So while other stores have specific categories where they shine (e.g., Nordstrom), none of them offer such a broad spectrum of products as these competitors do.
Who is bigger Target or Walmart?
Walmart is much bigger than Target. Walmart’s revenue in 2021 was $559.2 billion, compared to Target’s $99.6 billion. Walmart has a market cap of $115 billion, while targets is just $40 billion.
Target does have more stores and outlets, however. Target has 1926 locations, Target is far behind Walmart because Walmart has 4973 locations.
But it can be difficult to compare these companies because they cater to different demographics and offer different products.
Walmart offers a wider variety of goods at cheaper prices than Target.
Their customer base tends to be lower-income families who live close enough to one of the superstores that they can get there easily by car.
Those living in cities or areas that are less accessible will go for Target instead. With its focus on style and fashion, you’ll find that your money goes farther when shopping there—just not as far as when you shop at Walmart!
Conclusion
Who owns Target? It is owned by the Target Corporation. Target was first started as a small company by George Dayton and it turned into Target in 2000.
We hope you enjoyed reading this article. You can read our other articles as well such as “can you take tylenol on an empty stomach“, “home depot key copy“, and “is stanford ivy league?” Take care until next time!