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In the past Target has operated several chains of retail stores, including Target Stores, Mervyn's, Marshall Field, Dayton's and Hudson's. It is headquartered in Minneapolis, Minnesota. The company was known as Dayton Hudson Corporation until 2000. The retailer known as Target in Australia is owned by Coles Myer.

The company was founded in 1902 when George Dayton opened a retail store in downtown Minneapolis. Originally known as the Dayton Dry Goods Company, it became the Dayton Company in 1910.

In 1962, the Dayton Company opened its first Target discount store. By 1979, it would be the company's top revenue producer.

In 1969, the Dayton Company merged with the J.L. Hudson company. In 1978, the company acquired Mervyn's, and in 1990 it acquired Marshall Field's.

Dayton Hudson Corporation changed its name to Target Corporation in 2000; by then, more than 75% of the corporation's revenue came from the Target division. In 2001, Target Corporation announced that its Dayton's and Hudson's stores would operate under the Marshall Field's brand. The three brands had been operating as a single unit, the Department Store Division.

On March 10March 10 is the 69th day of the year in the Gregorian Calendar (70th in Leap years). There are 296 days remaining. Events 241 BC First Punic War: Battle of the Aegates Islands The Romans sinks the Carthaginian fleet; end of First Punic War. 1496 Christoph, 20042004 is a leap year starting on Thursday (the link is to a full 2004 calendar), and has also been designated the: International Year of Rice International Year to Commemorate the Struggle against Slavery and its Abolition Elections are to be held in 73 co, Target Corporation announced it had hired Goldman Sachs Group to analyze options for selling its Marshall Field's and Mervyn's chains of department storeA department store organizes its goods by departments, such as women's clothes, home furnishings, electronics, and the like. Department stores range from collections of elaborate, fancy shops to practical outlets for ordinary merchandise. They differ froms. Three months later, on June 9June 9 is the 160th day of the year in the Gregorian calendar (161st in leap years), with 205 days remaining. Events 68 Roman Emperor Nero commits suicide, imploring his secretary Epaphroditus to slit his throat to evade a Senate-imposed death by flogging, 20042004 is a leap year starting on Thursday (the link is to a full 2004 calendar), and has also been designated the: International Year of Rice International Year to Commemorate the Struggle against Slavery and its Abolition Elections are to be held in 73 co, Target Corporation announced its sale of the Marshall Field's chain and several Mervyn's stores to St. Louis, Missouri-based May Department Stores Company, which became effective July 31, 2004. On July 21, 2004, it announced the sale of Mervyn's to an investment consortium including Sun Capital Partners, Inc., Cerberus Capital Management, L.P., Lubert-Adler/ Klaff and Partners, L.P., which was finalized September 2.

Today, the Target Stores division operates under three formats: Target, Target Greatland and SuperTarget.