George Draper Dayton, with no experience in the retail trade, wielded tight control of the company until his death in 1938. A workaholic, he undermined his health and a year later had to return to the family home to recuperate. In 1997 its Childspree program provided 14,000 needy children with school supplies and clothes. Fax: (860) 257-2168 From its impecunious beginnings in 1902 on a small plot of land in Minneapolis, the Dayton Hudson Corporation had grown by the late 1990s to become the fourth largest retailer in the United States, with stores in 38 states and annual sales of more than $23 billion. Company revenues surpassed $1 billion in 1971.Mervyn's, a line of moderate-price department stores, merged with Dayton Hudson in 1978. A multi-million dollar business by the 1920s, the Dayton Company decided it was ready to expand, purchasing J.B. Hudson & Son, Minneapolis jewelers, in 1929, just two months before the stock market crash.The Dayton Company managed to weather the.Nelson Dayton took over the presidency of the Dayton Company in 1938, when it was already a $14 million business, and saw it grow to a $50 million enterprise.The new management of the Dayton Company undertook radical and costly innovations. Products include Field Gear, Field Manor, 111 State, and Indeed. The merger resulted in Dayton Hudson Corporation, the Uth-largest retailer in the,With the merger, the Dayton Foundation changed its name to the Dayton Hudson Foundation. The offer, which analysts considered an undervaluation of the company's worth, was rebuffed. Hudson Company was founded in Detroit. Dayton Hudson is switching to an IP-based.Dayton Hudson's strategies have been influenced by pressure to improve financial performance or consider a merger. None suggested selling the Dayton Hudson stocks. The two companies didn't actually merge until 1969. Dayton Hudson stock was listed on the New York Stock Exchange.With the merger, the Dayton Foundation changed its name to the Dayton Hudson Foundation.
Peacock, Inc., of Chicago, and J. Jessop and Sons of San Diego. A second attempt at takeover of the company would be made nine years later, when rival J.C. Penney Co. offered more than $6.5 billion for the retailer. U.S.A. Dayton's son David had died in 1923 at age 43, and George turned more and more of the company business over to another son, Nelson. Dayton Hudson stocks are ranked 11 of 24 within its industry. This situation most negatively affected the mid-range and upper-range sales volumes generated by stores on the level of Mervyn's, Dayton's, Marshall Field's, and Hudson's. Since 1946, five percent of the Dayton Company's taxable income was donated to the foundation, which continued to be the case after the merger. Whether or not you plan to attend the meeting, I urge you to vote your proxy. Dayton Hudson held the Week of Giving again in May 1998 and more than 10,000 youths were involved. Since 1946, 5% of the Dayton Company,Dayton Hudson bought two more jewelers in 1970.Dayton Hudson bought Ayr-Way, an Indianapolis-based chain of 50 discount stores, in 1980, and converted those units to Target stores. Dayton Hudson Corporation to be held in Minneapolis at The Children's Theatre on Wednesday, May 21, 1997, beginning at 9:30 a.m. In 1968 it bought the Pickwick Book Shops in Los Angeles and merged them with B. Dalton.
With the approach of the twenty-first century, Target continued to be Dayton Hudson Corporation's biggest moneymaker, combining a successful business mix of clean, easy-to-navigate stores with quality, trend-responsive merchandise.
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