We also  introduce Target Incubator, a program helping entrepreneurs-in-the-making nurture and grow their better-for-people or better-for-the-planet businesses. Over the next several years, guests have the opportunity to take home a new Snowden and a variety of themed merchandise every year. The new space is designed to bring Target’s information security teams together to work faster and with more agility than ever before. Target continues to innovate in mobile and online shopping, allowing our guests to shop wherever, whenever and however they like. And at Target we are proud to support the LGBT community. In the 1970s, Dayton-Hudson Corporation observes Earth Day by giving out pine trees to guests and supporting store team members who volunteer to plant trees and clean parks in Minnesota, Missouri, Texas, Colorado and Oklahoma. The first TargetExpress, our newest small-format store, opens its doors to guests in July in the Dinkytown neighborhood of Minneapolis. His son and grandsons take over leadership and begin to grow the Dayton Company into a nationwide retailer. Target acquires the do-it-yourself retailer Menards to greatly expand into home furnishings (this would be a wise move on part of Target); and The wild card—Amazon acquires Target. Target takes significant action to further strengthen security across the network, including an accelerated $100 million plan to move our REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. Renamed REDcards in 2004, the portfolio of credit products expands to add the Target Check Card in 2007. These stores will offer everyday essentials and unexpected must-haves as part of an assortment tailored to each neighborhood. At Target, we have long offered comprehensive, competitive benefits to our LGBT team members and their families, often above what is legally required. This creates a completely new entity for the buyer, and this affects the buyer’s federal tax position depending on what basis is created upon purchase. In 2011, Target acquired 189 Zellers sites across Canada, and we're planning to renovate between 125-135 of them to become Target stores in the future. Behind the scenes at Target, supply chain distribution center leadership, real estate, design & property management, sustainable products implementation guide, food safety and quality assurance tools and processes, product safety and quality assurance tools and processes. In March, Kelly Caruso takes over as CEO of Shipt, a wholly owned subsidiary of Target. Holiday Helpers, a program first conceived of by Jim Simms, store manager in Moline, Ill., offers a great holiday-shopping event for our senior and disabled guests by providing personal shopping assistance in a friendly, festive shopping environment. Target accelerates its $100 million plan to move its REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. A target company is a company that is the subject of an attempted acquisition by a potential buyer. We raise it again to $12 in 2018, and to $13 in 2019. In January, Target announces plans to discontinue operating our 133 retail stores in Canada, having ultimately determined that it’s in the best interest of our business and our shareholders to focus on driving growth and building momentum in our U.S. business. Back in 2011, we set a goal for our team: to track 700,000 collective service hours annually by the end of 2015. Marketlines' Target Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Target Corporation since January 2007. Meanwhile, our “Target Loves Every Body” campaign makes a big splash. For the first time, Target exceeds $50 billion in annual sales. As President, he remains active in the store's management until his death in 1938. When the target is a public company, acquisitions are usually facilitated through a takeover bid (i.e., the purchase of shares held by public investors) or by way of a merger (which would be subject to an approval vote by The uncertainty resulting from a merger or acquisition can increase stress levels and signal risk to target company employees. Inside, guests can relax on convenient park benches next to a bubbling fountain or be entertained by an eight-piece band, flower and balloon vendors, fashion shows and more. Target Corp. (NYSE: TGT) today announced it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand Target’s delivery capabilities. In September, we join forces with GoodWeave in support of their mission to end child labor in the rug industry. The aim? During the promotional tour, she is inspired to create a completely new beauty genre — professional makeup at affordable prices. CEO Brian Cornell visits Capitol Hill and makes media appearances, sharing our commitment to comprehensive tax reform, but our concerns about the BAT’s potential to raise prices for American families. Sponsors in motorsports come and go, but Target and Chip Ganassi Racing (TCGR) have been together for 25 consecutive seasons, one of the longest current partnerships in racing history. In the spring, we begin testing interactive experiences using Radio Frequency Identification (RFID) and Beacon technology in stores. ©2020 Target Brands, Inc. Target, the Bullseye Design and Bullseye Dog are trademarks of Target Brands, Inc. A Bullseye View. The store also features many of our top enhancements, digital and service upgrades, as well as a custom mural by a local artist featuring historic moments and icons from Minneapolis—including a nod to the Dayton family, who founded Target’s predecessor, The Dayton Company. The original Bullseye, an English Bull Terrier named Arielle, makes his first appearance in a television commercial. In the spring, we team up with internationally known fashion designer Victoria Beckham on a limited-time apparel and accessories collection for women and kids. After several years in banking and real estate, Dayton decides Minneapolis offers the strongest opportunities for growth. Our community giving gets even bigger with the announcement that Target's giving has reached $4 million a week to local communities. Viewers instantly fall in love. CEO Brian Cornell says, “Personally, this was a very difficult decision, but it was the right decision for our company.” By April 12, inventory liquidation efforts are complete and the stores close their doors to the public. The idea to bring Caroline’s Cart to the Bullseye comes from one of our own — a team member with a child who has special needs suggests it to our Store Operations team. In 2015, Target will enable all REDcards with chip-and-PIN technology and begin accepting payments from all chip-enabled cards in its stores. Target’s San Francisco team is exploring and testing areas such as wearable computing, the Internet of Things, advanced analytics and augmented reality in order to help bring new ideas and technologies to life for Target. Read about our history, values and mission. We believe that everyone—all of our team members and our guests—deserve to be treated equally. In the years following its smash debut, Santabear's popularity spreads nationwide through television specials and community events. He ensured that Target gave 5 percent of its profits back to the community—a commitment we’re proud to uphold today. At Target, we have a vision: to become the best: the best culture and brand, the best place for growth and the company with the best reputation. Housed in our Ridgedale location in Minnetonka, Minn., the experimental area displays everyday situations to show how connected devices can help our guests. In January 2018, we begin rolling it out to the first markets in Alabama and Florida, and by June, it’s available in more than 135 markets nationwide. Efforts include Target joining MLB and PEOPLE’s longstanding tradition of recognizing community heroes through the Target Presents “PEOPLE All-Star Teachers” program, hosting a series of events in schools across the country and honoring teachers at the 2014 All-Star Game. After an extensive search, Target names veteran Mark Tritton (pictured at left) as our chief merchandising officer. Our action-packed, stop-motion Avengers: Age of Ultron TV spots send toy heroes on an adventure through the Target store and parking lot. The first collection of spring looks, including feminine prints, dramatic silhouettes and bold accessories, debuts in stores and on Target.com in February, with new pieces rotating in at the beginning of each month. In June, we announce plans to invest up to $40 million in 2016 to organizations serving communities across the country helping kids and families increase their physical activity and eat healthy, and unveil the first of our new CSR partners. Among successful private-equity acquisitions in which a target company was bought, improved, and sold, with no additional acquisitions along the way, operating-profit margins increased by an average of about 2.5 percentage points more than those at peer companies during the same period. In the fall, we launch an international version of our website, allowing guests overseas to shop online, and those in the U.S. to ship to countries and territories around the world. So we create twelve print and pattern themes to give parents and kids the freedom to mix, match and make updates as the youngsters grow over time. Donald, Wallace and Douglas Dayton cede their management responsibilities and retire by 1978. Roxanne S. Austin, a current member of Target’s board of directors, is appointed as interim non-executive chair of the board. Develop an acquisition strategy – Developing a good acquisition strategy revolves around the acquirer having a clear idea of what they expect to gain from making the acquisition – what their business purpose is for acquiring the target company (e.g., expand product lines or gain access to new markets) We’re now working toward a new goal: keep up the momentum and continue tracking 1 million hours every year. To celebrate the partnership, Garth surprises the Target team with a live performance at our Fall National Meeting. If the buyer needs a tax write-off, this may be a viable option. Target expands its presence in the growing cooking and beauty markets with the acquisition of CHEFS Catalog, Cooking.com and Dermstore.com. Rebranded as “Bullseye’s Playground,” the area is upgraded with a larger-than-life display featuring a family-friendly selection of curated seasonal products. We also test a Ship from Store option, allowing guests to order online for same day or next day rush delivery, or faster standard delivery. Among the highlights? Following the death of his father, George N. Dayton, Donald C. Dayton, grandson of the company founder, becomes president of The Dayton Company, thus ushering in a new generation of leadership. Do Not Sell My Personal Information - CA Resident Only. Since 2006, more than a dozen world-renowned designers have been featured in the GO International program. Within the first year, more than 125,000 couples register. Target unveils GO International®, an innovative, limited-time-only fashion program designed to provide affordable fashion created by emerging designers. In September, we announce a commitment to increasing the minimum hourly wage to $15 by the end of 2020, starting with an increase to $11 an hour in 2017. President Ronald Reagan awards the Dayton-Hudson Foundation the President's Committee on the Arts & Humanities Medal of Honor for its community giving in arts and social welfare. Another milestone: with the opening of 124 stores across Canada throughout the year, we mark our largest ever single-year of store openings—even more than our entire first decade of business! We open three new CityTarget locations—in Los Angeles, Portland and San Francisco—continuing to bring a big box shopping experience to the urban core, and making it easier for city dwellers to get the everyday essentials they need quickly and conveniently. Dayton Corporation joins forces with the J.L. Target opens its first stores outside the continental U.S. in Anchorage and Wasilla, Alaska. In the spring, we cut the ribbons on the first of our 100 new soccer play spaces built for communities across the country through our $6 million partnership with the U.S. Soccer Foundation. Cartwheel allows guests to save on hundreds of items throughout our stores. In 1985, Dayton's guests shopping on the day after Thanksgiving find a new arrival in stores—a cuddly white plush bear named Santabear. In a burst of red-and-white inspiration, they come up with "Target" and immediately envision a classic Bullseye logo. In August, Luke Bryan surprises fans with the #LukeBox project, turning their requests in to quick songs on YouTube as his Target-exclusive edition of “Kill the Lights” debuts. As a member, we make commitments to help mobilize the fashion industry to create solutions to combat climate change, which also closely align with our own climate strategy and goals. This article highlights a number of matters that target boards in Canada should consider both in preparing for potential offers, and in negotiating acquisitions if an offer is made. We also sponsor KaBOOM!’s Play Everywhere Challenge, encouraging locals to submit ideas for turning everyday spaces in their neighborhoods into play areas. When the in-demand collection is released in stores and online on Sept. 13, the collection experiences unprecedented sales, with most items selling out in just a matter of hours. John Mulligan, Target’s chief financial officer, is appointed as interim president and chief executive officer. Throughout the season we follow a colorful cast of characters, including John Legend, Chrissy Teigen and top toys as they prep for the Toycracker—our modern, Broadway-style take on the Nutcracker. Our teams make progress on our responsible sourcing aspirations, a set of commitments we made in three important areas: improving worker well-being, achieving net-positive manufacturing and deriving key raw materials from ethical and sustainable sources. The brand promise is a natural evolution of Target's commitment to community giving and offering guests value, quality and service, all in a fun and inviting store environment. As part of our commitment to wellness, Target teams up with nonprofit KaBOOM! By demonstrating visionary leadership, the company takes the first step toward transforming the organization from a family-run department-store chain into one of the nation's largest discount-store chains. In a cash offer, the acquirer simply pays cash in return for the target’s shares. Research the key issues surrounding Mergers & Acquisitions law in Philippines What information relating to a target company will be publicly available and to what extent is a target company obliged to disclose diligence related In doing so, it becomes the second American company to establish a preset amount of annual giving. The multi-year partnership will support local communities and families in need, including a redesigned dining room for Target House at St. Jude Children’s Research Hospital. Updated annually with a new outfit and adventure, over the next two decades Santabear becomes a must-have collectible item for the holiday season. During the holidays, guests use the app's QR code scanner to scan top-selling toys' codes in store, buy the product on their phone and have it shipped for free—even if the toy is sold out. After several years in banking and real estate, Dayton decides Minneapolis offers the strongest opportunities for growth. Target Stores unveils its brand promise, Expect More. In 2018, our teams work to complete remodels across the country, including the Twin Cities, Los Angeles, New York and Chicago. The partnership with TOMS is the perfect marriage of both brands’ core values–great design that’s accessible to everyone and a commitment to giving back. Designs for the 200+ pieces are inspired by an English garden, and feature florals, peplum, scallops, lace, gingham, poplin and more. We travel far and wide to find designers and brands our guests will love. To better connect with young guests, we launch three new Target owned brands, all designed with Gen Z in mind: Wild Fable and Original Use (trend-forward apparel and accessories for young women and men) and Heyday (stylish and affordable electronics and tech accessories. Corner window displays are converted into a working, old-fashioned ice cream parlor and an outdoor BBQ. Visitors can play among Target’s top holiday products and use RFID technology to shop along the way. Target Stores celebrates an organizational milestone after achieving $1 billion in annual sales by holding our first Billion Dollar Sale for guests. The uncertainty resulting from a merger or acquisition can increase stress levels and signal risk to target company employees. The limited-time collection brims with gummy bear graphic tees, banana-patterned separates, pastel roller skates and beyond. Prepping for the holidays can feel like staging a production, so we make some marketing magic to help guests steal the show. We begin testing a same-day delivery service in our Tribeca small-format store that lets guests have their purchases delivered anywhere in Manhattan and parts of Brooklyn and Queens. It debuts in April and quickly becomes one of the biggest collaborations in our history. Award-winning makeup artist Sonia Kashuk continues to create coveted Target beauty collections, including her Spring 2015 Art of Beauty line with artist Linda Mason. Highlights include our Webby Award-winning mobile app, which lets guests navigate a Target store, refill prescriptions, browse the Weekly Ad and more. Mergers and acquisitions tend to … In September, we introduce the Target Fun Run sale—a special week-long event that serves up amazing deals while showcasing some of the services that make shopping—and saving—super easy at Target. In August, Minsok Pak joins Target as our new chief strategy and innovation officer and in September, Tammy Redpath is named president of Target India. “Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur Valdez, executive vice president, chief supply chain and logistics officer, Target. In November, The One Spot—the grab-and-go section at the front of our stores known for dollar deals—gets a makeover. Using a number of these untranslatable terms as inspiration, the campaign invites Target’s guests to experience the brand in a more personal way. It’s the first Twin Cities Target to get our next generation design elements, including more modern décor and merch displayed in “shops” with curated vignettes. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards. In June, global technology and innovation leader Mike McNamara takes over the role of chief information officer. At the ShopTalk conference in March, CEO Brian Cornell unveils our next generation store design elements, with the first fully reimagined store opening near Houston in October 2017. Previously, most of the brands were only available online, so this also marks the first time guests can buy them in stores across the U.S. We double down on our efforts to make Target America’s easiest place to shop, as we expand our portfolio of fulfillment options—including Shipt, Drive Up, Target Restock and delivery from store in select markets—that let guests shop on their terms. It’s the first new fashion line Target’s introduced in more than a decade. To help guests celebrate the love they have for their own backyard, Target teams up with designer Todd Snyder on a series of exclusive, city-specific product collections (including t-shirts, baseball caps, pint glasses and phone cases) all about hometown pride. We kick off our partnership with the celebrity style and fashion aficionados Who What Wear on a month-by-month collection of apparel and accessories. Created by senior toy buyer Paul Starkey, the first department store doorbuster of its kind is instantly popular. Before joining PepsiCo in 2012, Cornell served as president and CEO of Sam’s Club. Dayton's personal principles shapes the new store, including his belief in the "the higher ground of stewardship." This innovative solution helps pave the way to a new method of transporting merchandise across the United States. We have a new team at the Target Technology Innovation Center: San Francisco, and they are helping us stay ahead of the curve and be better connected to existing Silicon Valley partners and new technology startups. This year, we welcome new leaders to the team and congratulate others on new roles. Made of recycled plastic, the new shopping cart has a clean, modern look designed to make the shopping experience easier. We plan on integrating CHEFS Catalog and Cooking.com with our registry experience, as well as use stores as a pickup destination for online orders. The mobile boutique hits the streets of New York for three days only before the new collection launches in all Target stores. Then, on Dec. 11, during the network broadcast premiere of Frozen, we lift the curtain on our big show—a spectacular eight-minute mini musical. Target joins the National Park Service and the National Park Foundation's effort to restore the Washington Monument by donating $1 million and becoming the five-year lead sponsor. In addition to an awesome, affordable assortment, we highlight tools like School List Assist and 360-degree shoppable dorm rooms, plus special 15% savings for teachers. GoodWeave works closely with our teams and vendors to provide independent, third-party certification that Target’s owned-brand rugs made in India are being produced with the utmost integrity. Leading up to its release, we debut the look book and celebrate the partnership with a family festival and concert in Pasadena, California. And in July, Don Liu joins the team as executive vice president, chief legal officer and general counsel. Eight different gardens, ranging from Hawaii to Holland, were on display for all shoppers to enjoy. We also pilot on-demand grocery delivery through a partnership with Instacart, and improve on other flexible fulfillment options like ship-from-store and order pickup. Leading up to the big game, we transform Target Plaza Commons into the Bullseye Lodge for the city’s Super Bowl LIVE celebration, decked out with a Minnesota-inspired north woods theme, activities, snacks, fan gear and more. In a rigorous, 14-week program in Minneapolis, Target leaders, including CEO Brian Cornell and members of his leadership team, mentor the start-up founders, and, in turn, learn about the startups’ pace and work style. Grand Junction is a technology transportation company whose software manages local delivery throughout North America—allowing retailers, distributors and third-party logistics providers to offer local delivery through Grand Junction’s technology and network of more than 700 carriers. Target launches choxie®, an exclusive premium line of chocolates. The significant investment in our team allows Target to continue to recruit and retain strong team members and provide the best for our guests and the communities we serve.. On Dec. 13, Target announces its acquisition of Shipt, with plans to bring same-day delivery service to our stores across the country. In February, guests get their first look at Universal Thread, an exclusive women’s lifestyle brand grounded in denim and featuring tops, dresses, accessories and shoes, and Opalhouse, an eclectic Home brand with 1,300+ pieces spanning bedding, bath, décor, tabletop and furniture. For more information, visit Target.com/Pressroom. “This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.”. Through library remodels, donations of more than 1 million books and thousands of volunteer hours, the program has brought new life into school libraries across the United States. We introduce Target guests to two amazing brands. The new store features amenities such as wider aisles, faster and more efficient checklanes, and automatic teller machines (ATMs). Our goal is to help improve the health of the nation by making wellness the way of life—by making healthy eating, active living and clean-label product solutions (like simple, recognizable, easy to read ingredients and materials) more affordable, accessible and inspiring. He was also CEO at Michaels Stores, Inc., and prior to that, executive vice president and chief marketing officer for Safeway. Bruce B. Dayton and Kenneth N. Dayton retire from the Dayton-Hudson Corporation Board of Directors, ending 80 years of direct family involvement with the company. Dayton-Hudson Corporation purchases Marshall Field's, a legendary Chicago-based department store founded in 1852, from Batus Inc., the American arm of B.A.T. The store environment and merchandise assortment caters specifically to Hawaiian guests and includes specially printed red Hawaiian shirts and surfboards. We celebrate the milestone with patients, families, staff and partners all year long through sponsored activities, special events at Target House, the hospital’s long-term housing facility, volunteer projects and two festive Bullseye’s Bash celebrations. Facing the prospect of empty shelves and dissatisfied shoppers, Dayton's captures the imagination of America by using airplanes to transport goods across country. In January, Target celebrates a monumental milestone: giving more than $3 million per week to local communities. Target is performing very well in the market place though its stock's performance The celebration of this new partnership includes a three-day long flower show on Wall Street. 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