DOUGLAS DAYTON, 88
AP. Died July 7, 2013, founder of Target stores.
Douglas was the youngest of George Nelson Dayton's five sons who took over his father's downtown Minneapolis store in 1948 after serving in the Army in Europe during World War II and received a Purple Heart.
He sensed the threat that discount retailers like K-Mart were going to make to regular stores so started Target in 1960. By 1962, there were four Target stores in the Twin Cities suburbs. The company is now ranked at #31 on the Fortune 500 and is national and in Canada.
He left the company in 1974.
Target had definitely expanded and I go to the one in McHenry quite often, expecially since they have good deals on CDs.
One of My Must-Go-To Stores.
No comments:
Post a Comment