is the eighth-largest retailer in the United States, and is a component of the S&P 500 Index. Founded by George Dayton and headquartered in Minneapolis, the company was originally named Goodfellow Dry Goods
in June 1902 before being renamed the Dayton's Dry Goods Company
in 1903 and later the Dayton Company
in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation
in 1967. It became the Dayton-Hudson Corporation
after merging with the J.L. Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. It is unrelated to Target Australia.