Wednesday, January 7, 2009

George Dayton

Over 100 years ago, George Dayton opened the Dayton Dry Goods Company in downtown Minnieapolis. Little did he know that his retail venture would someday grow into the world-leading retail chain, Target.

After acquiring Goodfellows department store, in 1902, from fellow entrepreneur R.S. Goodfellow, Dayton transferred the store's merchandise to his new storefront in downtown Minnieapolis. Dayton would continue to market and expand, primarily, across the mid-west and western United States well into the mid-1900s, beating out - and often buying out - competition. In the 1960s, Dayton created B. Dalton Booksellers. This venture would grow into the largest U.S. chain of stores selling hardback books. Combined with Dayton's Dry Goods Co, Dayton renamed his retail creation, Target stores. In 1986, Dayton Corporation sold its rights to Dalton booksellers to a now market-dominant Barnes and Nobel, Inc.

Dayton's Target stores continue to thrive in the 21st century. Target stores can be found coast to coast and offer everything under the sun. According to Wikipedia, Target is 5th in line of largest retailers in the United States, and 31st on the list of Fortune's 500.



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