Target is notable for its focus on upscale, trend-forward merchandise at lower costs. The parent company was renamed the Target Corporation in 2000. Hudson Company in 1969 and formerly held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. The company became the Dayton-Hudson Corporation after merging with the J.L. Target, the company's first discount store and eventual namesake, was opened in 1962. The corporation was founded in Minneapolis by businessman George Dayton in 1902, and developed through the years via expansion and acquisitions. The company is one of the largest American-owned private employers in the United States. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota.
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