Target history: Beyond the Ticker

Target (TGT), or what some have nicknamed "Tarzhay," has seen its fair share of ups and downs in retail as a six decade-old company.

Beyond the Ticker takes a deep dive into the retail giant’s biggest moments.

1962

The first Target discount store opened in Roseville, Minnesota. It was owned by the Dayton Company, which also had a well known department chain store called Dayton's. The two stores were competitors.

1990

The first Target Greatland opened in Apple Valley, Minnesota. Fifty percent larger than a standard Target store, Target Greatland included wider aisles, additional food options, and more efficient check lanes.

1995

The first SuperTarget opened in Omaha, Nebraska, combining Target Greatland with an upscale grocery store, Archer Farms Market.

2000

Dayton Hudson Corporation was renamed Target, operating under the new ticker symbol TGT.

2014

Current CEO Brian Cornell took the helm. Cornell was faced with years of weak sales growth and in charge of turning the cheap and chic retailer around.

2021

Ulta Beauty (ULTA) debuted at Target. That business proved to be a bright spot, luring in foot traffic, as customers were pulling back on spending in recent quarters.

2022

Target was one of the first companies to address "shrink," aka retail theft. That year, the company blamed the drop in gross margin rate on shoplifting, or "shrink."

2023

The big box retailer is thinking to the future, investing in promotions with its Circle Rewards program and investing in its footprint. With its biggest fleet yet, the company had more than 1,900 stores across all 50 states.

From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today.

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Editor's note: This video was produced by Zach Faulds.

Video transcript

Or what some have nicknamed Tar has seen its fair share of ups and downs in retail as a six decade old company.

Beyond the ticker takes a deep dive into the retail giant's biggest moments.

The first Target discount store opened in 1962 in Roseville, Minnesota.

It was owned by the dating company which also had a well known department chain store called Datives.

But the two stores were competitors.

Fast forward.

1990 the first Target Great Land opened in Apple Valley, Minnesota.

50% larger than a standard target store.

Target Great Land included wider aisles, additional food options and more efficient checkout lanes.

Five years later, the first Super Target opened in Omaha, Nebraska, combining Target Great Land with an upscale grocery store.

Archer farms market, believe it or not, it wasn't until 2000 that day.

And Hudson Corporation was actually renamed to Target operating under the new ticker symbol TGT.

In 2014 current Ceo Brian Cornell took the helm faced with years of weak sales growth and in charge of touring the cheap and chic retailer around then in 2021 Ulta Beauty debuted at Target proving to be a bright spot luring in foot traffic as customers pulled back on spending in recent quarters.

In 2022 target was one of the first companies to address shrink A K A retail theft.

That year, the company blamed the drop in gross margin rate on shoplifting or shrink.

Now, the Big box retailer is linking to the future, investing in promotions with its Circle rewards program and investing in its footprint with its biggest fleet.

Yet.

At the end of 2023 the company had more than 1900 stores across all 50 states.