Target Corporation is a well-known American retail corporation that has been in business for over 100 years. The company was founded in 1902 as Dayton Dry Goods Company and later renamed Dayton's Department Store in 1962. In 1969, the company changed its name to Dayton-Hudson Corporation and in 2000, it was renamed Target Corporation. Today, Target is the eighth-largest retailer in the United States and is a component of the S&P 500 Index.
Target has become a household name in the United States, known for its affordable prices and trendy merchandise. The company has over 1,800 stores across the country and employs over 350,000 people. In recent years, Target has been in the news for a variety of reasons. In 2013, the company suffered a massive data breach that affected millions of customers. The breach resulted in a loss of trust from customers and a significant financial hit for the company.
More recently, Target has been in the news for its response to the COVID-19 pandemic. The company has implemented safety measures in its stores, such as requiring masks and social distancing, to protect both customers and employees. Target has also seen a surge in online sales as more people opt for contactless shopping during the pandemic. Additionally, Target has made efforts to support racial justice initiatives, such as pledging to increase representation of Black-owned businesses on its shelves and donating to organizations that support racial equality.