At Target, we have long offered comprehensive, competitive benefits to our LGBT team members and their families, often above what is legally required. Target's Good Neighbor volunteer program, today known as Target Volunteers, receives the President's Service Award from President William J. Clinton. The company's Initial Public Offering (IPO) is Oct. 18, 1967. His store soon becomes known for dependable merchandise, fair business practices and a generous spirit of giving. Another milestone: with the opening of 124 stores across Canada throughout the year, we mark our largest ever single-year of store openings—even more than our entire first decade of business! Dayton's personal principles shapes the new store, including his belief in the "the higher ground of stewardship." In September, we introduce the Target Fun Run sale—a special week-long event that serves up amazing deals while showcasing some of the services that make shopping—and saving—super easy at Target. In 1976 Dayton-Hudson was the eighth largest retailer in the U.S.,[17] and Target opened four new units and reached $600 million in sales. As a result of its rapid expansion and the top executives' lack of experience in discount retailing, the chain reported its first decrease in profits since its initial years. To meet these guidelines, the produce is guaranteed to meet USDA organic standards on everything from how it's grown and transported to how it's stocked in our stores. Target opens its first stores outside the continental U.S. in Anchorage and Wasilla, Alaska. Two of those units reopened as Target stores that year. Our exclusive kids’ clothing brand, Art Class, gets the sweet treatment thanks to a partnership with Museum of Ice Cream. As we continue into the next phase of our company’s evolution, several leaders step into new roles to continue guiding our way. [35] In an effort to turn the department store chains around, Mervyn's closed 35 units, including all of its stores in Florida and Georgia. Caldwell. In the midst of transforming our own business and culture, we invite Howard to share his company’s incredible come-back story with our entire headquarters team. Pharmacy. Dayton-Hudson sold its nine owned shopping centers in 1978 to Equitable Life Assurance Company, including the 5 owned in Michigan, and the 4 "Dales" shopping centers they developed and owned in Minnesota. Seeing the need for superior managerial talent to succeed in a competitive retail environment, they adopt philosophies that encourage advancement and establish organizational success as a top priority. The celebration of this new partnership includes a three-day long flower show on Wall Street. Hudson Company that year, to become the Dayton-Hudson Corporation, the 14th largest retailer in the United States, consisting of Target and five major department store chains: Dayton's, Diamond's of Phoenix, Arizona, Hudson's, John A. In November, The One Spot—the grab-and-go section at the front of our stores known for dollar deals—gets a makeover. Guests tuning into the 58th Annual GRAMMY® Awards catch the groundbreaking campaign during a four-minute commercial break, live from Los Angeles. Our marketing campaign, “Together’s the Joy,”—featuring two kids, a host of toy characters and Bullseye the dog decorating a house for a family celebration—is all about celebrating joyful moments with those who matter most. The brand promise is a natural evolution of Target's commitment to community giving and offering guests value, quality and service, all in a fun and inviting store environment. [32] Pay Less.® to reflect the unique retail experience offered at Target. The year marks big changes for toy retailers, and as the holidays approach, we focus our resources to pick up market share. In the fall, we launch an international version of our website, allowing guests overseas to shop online, and those in the U.S. to ship to countries and territories around the world. In November, we bring fans a special edition of Adele’s highly anticipated album, “25,” featuring three bonus tracks, and a series of TV spots with a unique look at seven of the new songs. "[50] On March 5, 2014, Target Corp.'s Chief Information Officer Beth Jacob resigned, having been in the role since 2008; this is thought to be due to the company's overhaul of its information security systems. The store design and merchandise assortment cater specifically to the Alaskan market and include sections for fishing supplies and cold-weather gear. Millions of people pick up prescriptions at Walmart Pharmacies each year and Walmart was the first pharmacy to offer highly discounted generic prescription drugs for $4 and $10. Target's nearly 80 clinic locations will be rebranded as MinuteClinic, and CVS plans to open up to 20 new clinics in their stores within three years. Target takes significant action to further strengthen security across the network, including an accelerated $100 million plan to move our REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. New payment terminals are now in all 1,801 U.S. stores, six months ahead of schedule, and will begin accepting payments from all chip-enabled cards in Target stores this year. [2], In 1987, the acquired Gemco units reopened as Target units, and Target Stores expanded into Michigan and Nevada, including six new units in Detroit, Michigan, to compete directly against Detroit-based Kmart, leading to a total of 317 units in 24 states and $5.3 billion in sales. In 1963, Dayton's brings the magic of the holidays and beloved children's stories to life through a new holiday auditorium show. Target redesigns an icon of consumer culture: the shopping cart. Target's president, Douglas J. Dayton, went back to the parent Dayton Corporation and was succeeded by William A. Hodder, and senior vice president and founder John Geisse left the company. Its loss in operational revenue was due to overstocking and carrying goods over multiple years regardless of inventory and storage costs. In 2013, our dedicated volunteers not only reach the milestone, they exceed it two years ahead of schedule, tracking more than 1 million total hours in their communities. In 1918, Dayton, who gave away most of his money to charity, founded the Dayton Foundation with $1 million. In March, we unveil Target Too, an exhibit featuring playful, interactive and shoppable installations made of Target products. Visit CVS Pharmacy to view or transfer a prescription, manage automatic refills, or to easily schedule a prescription pickup. The new facility is specially designed to distribute perishables such as meat, produce, frozen foods and dairy. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards. The expedition becomes a world-wide learning tool for environmental and scientific issues of Antarctica as classrooms across the country learn about the unique ecosystem and wildlife of the frozen continent through classroom activities, workshops and televised specials. Over in our freezer section, guests can also nab seven premium, Target-exclusive ice cream flavors, from Churro Churro to Vanillionaire. The aim? Through library remodels, donations of more than 1 million books and thousands of volunteer hours, the program has brought new life into school libraries across the United States. The reissuance process continues in phases over the next year. The centrally located store features several of our latest fixtures and enhancements, a broad assortment with extensive apparel and beauty offerings, home goods, grocery items and even a Chobani Café—all designed to create a quick, easy and fun shopping experience for city dwellers. The Target Weekly Ad makes its first appearance on Our guests love products with a great backstory, so in March, we introduce Target Collective, a collection of brands with impeccably crafted, locally produced goods. And we continue our partnerships with Major League Soccer (MLS) as official jersey sponsor of MN United FC and presenting sponsor of the 2018 MLS All-Star Game in Atlanta. The CVS Pharmacy in Target locations in Washington will soon offer the complete suite of services available at traditional CVS Pharmacy stores. Created as, "a store you can be proud to shop in, a store you can have confidence in, a store that is fun to shop and exciting to visit," by the end of 1962, Target opens additional locations in St. Louis Park, Crystal and Duluth, Minn. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967. But beyond the numbers, what stands out the most is the positive impact on communities rallying together to create change, support one another and transform outdated spaces into state-of-the-art learning centers with complete technology updates. A few miles from the hospital’s campus, Target House’s 98 furnished two-bedroom apartments serve as a home away from home for families with children undergoing difficult and often lengthy treatments for cancer and other life-threatening diseases. [53][54] The space, located in the Metreon Shopping Center, adopts the same layout as a house so it can show real world use cases for the showcased products. Analysts speculated that the data breach, as well as the financial losses caused by over-aggressive Canadian expansion, contributed to his departure. By adding more than 2,500 new and exclusive toys to our assortment; offering new, reimagined experiences in our toy aisles and online; and dedicating more space in our catalogs, ads and promotions, we show guests Target is the place to go for all things toys. Since 1997, Target has donated more than $320 million to K-12 schools across the country. As the exclusive retailer of the UNICEF Kid Power Band, we help expand its Kid Power school program to reach up to 100,000 kids in high-need communities across the country. On December 19, Target confirmed the incident via a press release,[63] revealing that the hack took place between November 27 and December 15, 2013. Our entry into Canada is achieved by thousands of team members collaborating around the world. Guests get excited for new Target collections featuring styles that look great on all body shapes and sizes. This included an acquisition of 31 more stores from Federated Department Stores' Gold Circle and Richway chains in Florida, Georgia, and North Carolina, which were later reopened as Target stores. The Disney Store at Target locations have a "shop-in-shop" layout with an average square feet of 750. Floyd Hall left the company and Bruce Allbright succeeded him as chairman and chief executive officer of Target Stores. Back in 2011, we set a goal for our team: to track 700,000 collective service hours annually by the end of 2015. Target welcomes attendees of the 2006 Winter Olympic Games in Italy with special Bullseye-branded trains. The Billion Dollar Sale thanks all Target guests visiting our 74 stores in 11 states as Target continues to strive to be the best store in town. In 1944, it offered its workers retirement benefits, becoming one of the first stores in the United States to do so, and began offering a comprehensive health insurance policy in 1950. In the ensuing years, Bullseye goes on to star in several advertisements and makes numerous celebrity appearances on the red carpet. [68] As an apology to the public, all Target stores in the United States gave retail shoppers a 10% storewide discount for the weekend of December 21–22, 2013. Throughout the year, Target’s senior leaders meet with members of Congress and the Administration about the proposed Border Adjustment Tax (BAT) and its impact on our guests, team and business. Associated Merchandising Company is renamed Target Sourcing Services. In June, we share our #TakePride manifesto and celebrate Pride Month with sponsored events and a new merchandise collection. As part of a three-year, $7-billion+ capital investment, we kick off plans to fully remodel 110 stores in 2017, and 500 more by 2019. [1], In 1996, J.C. Penney Company, Inc., the fifth-largest retailer in the United States, offered to buy out Dayton-Hudson, the fourth largest retailer, for $6.82 billion. Marshall Field's sold two of its stores in Columbus, Ohio, this year. Since 1946, the corporation has given 5 percent of its profit to our communities to fight hunger, aid disaster preparedness and relief efforts, support the arts and put more kids on the path to graduation. "Success is making ourselves useful in the world, valuable to society, helping in lifting in the level of humanity, so conducting ourselves that when we go the world will be somewhat better of our having lived the brief span of our lives.". In August, we announce plans to acquire Grand Junction, a technology company that helps retailers make deliveries faster and more efficiently. The acquisition is intended to help same-day delivery and to better compete with Amazon. Target and TOMS team up on a limited-edition collection for the holidays. This might be available from the pharmacy or pharmacies you have used, if you know all the places you have filled prescriptions. The introduction of Club Wedd® at Target brought together the latest registration technology, a convenient self-service environment and exclusive merchandise available at low discount prices. Beginning with our personal care, beauty, household cleaning, and baby care product categories, we’ll use GoodGuide’s UL Transparency Platform to collect information from vendors and evaluate the products’ qualities against set criteria. In 1974, we introduce our first planograms, which help team members deliver clean, uncluttered and in-stock merchandise presentations. [7] The next year, the Dayton holdings were reorganized as Dayton Corporation, and it went public with its first offering of common stock. We also begin rolling out our own chip-enabled Target REDcards to guests. After several years in banking and real estate, Dayton decides Minneapolis offers the strongest opportunities for growth. [23] In 1986, the company acquired fifty Gemco stores from Lucky Stores in California, which made Target Stores the dominant retailer in Southern California, as the chain grew to a total of 246 units. It acquired the Los Angeles-based Pickwick Book Shops and merged it into B. Dalton Bookseller. [19] Most of those locations replaced former Montgomery Ward locations, which closed in 2001. In the 1950s, the Dayton family paves the way for new leadership. John Mulligan, Target’s chief financial officer, is appointed as interim president and chief executive officer. After a decade of rapid growth, Dayton Dry Goods Company is renamed The Dayton Company to better reflect its wide assortment of goods and services. [48], In 2007, Target built its first food distribution center in Lake City, Florida, which opened in 2008. [52], In July 2015, the company opened Target Open House, a retail space in San Francisco that shows connected home products which can purchased at select Target stores. In February, Target begins printing our Weekly Ad on paper certified by the Forest Stewardship Council (FSC) as coming from responsibly-managed forests—becoming the first major U.S. retailer to make the switch with a printed circular. Target + Neiman Marcus features unique items from 24 of America's preeminent designers, all members of the Council of Fashion Designers of America (CFDA). The opening of the Hawaii stores left Vermont as the only state in which Target did not operate. [1] In 1997, both of the Everyday Hero stores were closed. In July, we join the Bipartisan Policy Center and other North American retailers in announcing the Alliance for Bangladesh Worker Safety and the launch of the Bangladesh Worker Safety Initiative, a binding agreement focused on elevating safety conditions for garment workers across Bangladesh through measurable, sustainable actions. Do Not Sell My Personal Information - CA Resident Only.