Douglas Dayton, who led the transformation of a family department store into retailing giant Target Corp., has died at the age of 88. Dayton’s wife, Wendy Dayton, confirmed his death Sunday. She said the resident of Wayzata, west of Minneapolis, died Friday after a long battle with cancer. Douglas James Dayton was the youngest of George Nelson Dayton’s five sons who took over the family’s downtown Minneapolis department store from their father in 1948. Douglas Dayton started working in the family business after serving in an Army infantry division in Europe during World War II, where he was injured and received a Purple Heart.
Is Target’s grocery aisle ready for its close up?
Target Corp. has a new building for employees. Target Plaza Commons is a center to help create dynamic and flexible meeting spaces, and provide wellness activities for Target workers.
Discount retailer Target Corp. says a key revenue measure rose 2.1 percent in June as shoppers spent more on food and health and beauty items.
Target Corp. raised its profit outlook Wednesday after reporting better-than-expected first-quarter results that were boosted by increased spending on food and cheap chic fashions.
Target Corp. reported a 1.2 percent increase in first-quarter profit and raised its earnings forecast for the full year due to strong sales of its food and cheap chic fashions.
Target Corp. is phasing out Amazon.com Inc.’s e-reader Kindle at its more than 1,700 stores and its website.
Target Corp. said Thursday a key sales figure rose a better-than-expected 7.3 percent in March, helped by warm weather. The discounter, with headquarters in Minneapolis, boosted its first-quarter earnings outlook based on solid results.
Target is pulling a greeting card that makes fun of the late singer Whitney Houston’s penchant for bad boys.
Target Corp. reported a 5.2 percent drop in earnings for the fourth quarter, as big discounts to get tight-fisted shoppers to buy during the holiday season eroded profits.
Target is promoting John Mulligan to chief financial officer. The move is effective April 1.
Target Corp. says it is temporarily suspending its efforts to sell the portfolio that handles the balances credit cardholders owe the company, but plans to resume the talks later this year.
Discount chain Target Corp. says it will buy back up to another $5 billion in shares under a new stock repurchase program.
Target stores are recalling an LED flashlight set after two customers reported receiving minor burns using them.
Target lowered its earnings expectations Thursday following a disappointing December, with consumers waiting until the last minute to shop as well as weak sales of electronics.