Introduction

         

 Target's mission is to make the company the preferred shopping destination for their guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling their Expect More. Pay Less.^® brand promise.

History

          Target Corporation was created by George D. Dayton, a banker and real estate investor from New York City. In 1881, Dayton decided to explore the growing Midwest markets. After several years in banking and real estate, he came to the conclusion that Minneapolis offers the strongest opportunities for growth. He purchased land on Nicollet Avenue and created the Dayton Dry Goods Company - what is known as Target Corporation today. 

         

George D. Dayton

          Dayton's personal principles shaped the new store, including his belief of "the higher ground of stewardship." His store soon became  known for dependable merchandise, fair business practices, and a generous spirit of giving. As President, he remained active in the store's management up until his death in 1938. His son and grandsons took over leadership and begin to grow the Dayton Company into a nationwide retailer.

          In the 1950's, the Dayton family paves the way for new leadership. Seeing the need for superior managerial talent to succeed in a competetive retail environment, they adopt philosophies that encourage advancement and establish organizational success at a top priority.

          In 1983, all direct family connection to Target ceases when all of the grandsons retire after 80 years of keeping the corporation within the family line.

CEO

          Gregg W. Steinhafel is Chairman of the Board, Chief Executive Officer and President of Target. He began his career at the company as a merchandise trainee in 1979 and advanced through a variety of merchandising and operational management positions during the subsequent 20 years. In August 1999, Mr. Steinhafel became President of Target. He was given the additional title of Chief Executive Officer in May 2008 and Chairman in February 2009.

         

Gregg Steinhafel in front of the

Target logo.

          In his more than 30 years at Target, Mr. Steinhafel has gained meaningful leadership experience and retail knowledge. As Chief Executive Officer, he is responsible for determining the company's strategy and clearly articulating priorities as well as aligning and motivating the organization to execute effectively and ensure continued success. These capabilities, combined with Mr. Steinhafel's intimate understanding of Target's guests and unwavering commitment to Target's brand, make him uniquely qualified to serve on the Board.