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Target Corporation

Target Corporation

Type	Public (NYSE: TGT)
Founded	1902 (as Dayton-Hudson Corporation)
Founder(s)	George D. Dayton
Headquarters	Minneapolis, Minnesota
Area served	USA
Key people	Gregg Steinhafel, CEO Bob Ulrich, chairman
Industry	Retail
Products	clothing, housewares, food
Revenue	▲ US$63.367 billion
Operating income	▲ US$ 4.652 billion
Net income	▲ US$ 2.849 billion
Total assets	▲ US$ 44.560 billion
Total equity	▼ US$ 15.307 billion (financials for fiscal 2007)[1]
Employees	366,000 (2008)
Website	target.com

Target Corporation (NYSE: TGT) is an American retailing company that was founded in Minneapolis, Minnesota in 1902 under the name of Dayton Dry Goods Company. In 1962, the first Target store opened in Roseville, Minnesota, and in 2000 the company changed its name from Dayton Hudson to Target. It is the fifth largest retailer by sales revenue in the United States, behind Wal-Mart, The Home Depot, Kroger, and Costco.[2] The company is ranked at number 31 on the Fortune 500 as of 2008[update]. Target operates its retailing business exclusively in the United States. It is a rival and competitor of Kmart and Wal-Mart. Target is a component of the Standard and Poor's 500 index.

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