Who Owns Target? (2022 Official Owner)

Target is a retailer that offers a variety of products for consumers to purchase. The company has stores all across the United States, and it continues to grow. Target offers clothing, home goods, food, and other items for sale. It is a popular destination for shoppers, especially those who are looking for affordable options. 

who owns target

The company has a history of being a leader in the retail industry, and it continues to innovate to stay ahead of the competition. Customers can shop online or in stores, and they can take advantage of Target's loyalty program, which offers benefits like free shipping and discounts. 

The company is committed to providing a great experience for its customers, and it strives to meet their needs. Whether shoppers are looking for clothes, home decor, or something else, Target is likely to have what they're looking for. 

About Target corporation

Here's a little history on the discount store chain that was once owned by the Dayton Corporation. And how the Dayton Company became to be Target.

In 1902, George D. Dayton became a partner in Goodfellow's Dry Goods Company. Later it was renamed the Dayton Dry Goods Company. In 1938, George N. Dayton became the Dayton Company's president after his death. Target opened the first Target store in 1969 after it merged with J.L Hudson Company to create Dayton-Hudson corporation.

Target stores can be seen across the United States. With the typical target store carrying groceries, home goods, kitchenware, and more.

who owns target

Is Target Owned By Walmart?

No, Target is not owned by Walmart. The two companies are competitors, and while Walmart may acquire smaller brands from time to time, it is not expected to acquire Target.

Target and Walmart are both large retail chains, but they operate in different segments of the market. Walmart is considered a "discount store", while Target is considered a "mid-range" retailer. This means that Target tends to offer more upscale products than Walmart, and typically charges higher prices.

For these reasons, it is unlikely that Walmart would acquire Target. If anything, the two companies would be more likely to compete against each other in the coming years.

Who Owns Target Corporation?

Target is a retail chain that is owned by the TARGET Corporation. The company was founded by George Dayton in 1902 as Dayton's department store, and it adopted its current name in 1962. Target operates more than 1,800 stores in the United States, and it employs more than 400,000 people.

The company has been struggling in recent years, as it has been losing market share to competitors such as Walmart and Amazon.com. In 2017, Target announced plans to close more than a dozen stores. However, the company remains one of the largest retailers in the United States.

who owns target

Why do many people think Target is a French company?

No, Target is not a French-owned company. However, it was founded by George Dayton, who was born in Minnesota to a family of Swedish descent.

Target is a big retailer that operates in many countries, but it's not French. It was founded in Minneapolis, Minnesota, in 1902. However, the company's name might be why some people think it's French.

The original name of the company was Dayton's department store, but it was renamed Target in 1962 because the red target logo was easier to see from a distance than the Dayton's logo.

How did Target (company) get its name?

The original name of the company was Goodfellow Dry Goods Company, named after the founder, George Dayton. Dayton decided to rename the company "Target" in 1962 after visiting a variety of stores including J.C. Penney and Sears which had a bullseye logo on their door. 

He wanted his stores to have a recognizable logo and name that would be easily remembered by customers. The Target name also has military origins dating back to World War 2  when the British Air Force used the term "target" to refer to their bombing raids on German targets.

who owns target

How Rich Is The Person Who Owns Target?

Target is the second-largest discount retailer in the United States, behind Walmart, and is ranked 30th on the 2021 Fortune 500 list of the largest United States corporations by total revenue.

The company operates 1,851 stores across the United States and at Target.com. As of 2020, it employed more than 400,000 people. It has revenues of $99.6 billion and a net income of more than $4 billion. So the person who owns Target is quite wealthy!

who owns target

Bottom Line

So, who owns Target Corporation? As of today, the company is owned by a trust fund established by the Dayton-Hudson Corporation in 1978. The trust fund is now known as the Target Foundation and it donates about 1% of its annual income to charity. 

In terms of numbers, that's around $40 million per year! While we can't predict the future, it looks like Target will remain a popular retailer for many years to come.

who owns target

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author: patrick algrim
About the author

Patrick Algrim is a Certified Professional Resume Writer (CPRW), NCDA Certified Career Counselor (CCC), and general career expert. Patrick has completed the NACE Coaching Certification Program (CCP). And has been published as a career expert on Forbes, Glassdoor, American Express, Reader's Digest, LiveCareer, Zety, Yahoo, Recruiter.com, SparkHire, SHRM.org, Process.st, FairyGodBoss, HRCI.org, St. Edwards University, NC State University, IBTimes.com, Thrive Global, TMCnet.com, Work It Daily, Workology, Career Guide, MyPerfectResume, College Career Life, The HR Digest, WorkWise, Career Cast, Elite Staffing, Women in HR, All About Careers, Upstart HR, The Street, Monster, The Ladders, Introvert Whisperer, and many more. Find him on LinkedIn.

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