Target Corporation in the context of "Point of purchase"

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⭐ Core Definition: Target Corporation

Target Corporation, doing business as Target, is an American retail corporation headquartered in Minneapolis, Minnesota. Target operates retail stores. It is the seventh-largest retailer in the United States and is a component of the S&P 500 Index.

The original Target retail store was co-founded by John Geisse and Douglas Dayton in 1962 for Dayton's in Roseville, Minnesota. Dayton's was renamed the Target Corporation in 2000. Target is notable for its focus on upscale, trend-forward merchandise at lower costs. Its stores typically sell general merchandise. Target's logo refers to the center of a shooting target, and its canine mascot is named Bullseye. The corporation also operates two criminal forensics laboratories.

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In this Dossier

Target Corporation in the context of Minneapolis

Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 census, it is the state's most populous city. Located in the state's center near the eastern border, it occupies both banks of the Upper Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Minneapolis, Saint Paul, and the surrounding area are collectively known as the Twin Cities, a metropolitan area with 3.69 million residents. Minneapolis is built on an artesian aquifer on flat terrain and is known for cold, snowy winters and hot, humid summers. Nicknamed the "City of Lakes", Minneapolis is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks, and waterfalls. The city's public park system is connected by the Grand Rounds National Scenic Byway.

Dakota people previously inhabited the site of today's Minneapolis. European colonization and settlement began north of Fort Snelling along Saint Anthony Falls—the only natural waterfall on the Mississippi River. Location near the fort and the falls' power—with its potential for industrial activity—fostered the city's early growth. For a time in the 19th century, Minneapolis was the lumber and flour milling capital of the world, and as home to the Federal Reserve Bank of Minneapolis, it has preserved its financial clout into the 21st century. A Minneapolis Depression-era labor strike brought about federal worker protections. Work in Minneapolis contributed to the computing industry, and the city is the birthplace of General Mills, the Pillsbury brand, Target Corporation, and Thermo King mobile refrigeration.

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Target Corporation in the context of Superstore

A big-box store, a hyperstore, a supercenter, a superstore, or a megastore is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores.

Commercially, big-box stores can be broken down into two categories: general merchandise (examples include Walmart and Target) and specialty stores (such as Home Depot, Barnes & Noble, IKEA or Best Buy), which specialize in goods within a specific range, such as hardware, books, furniture or consumer electronics, respectively. In the late 20th and early 21st centuries, many traditional retailers and supermarket chains that typically operate in smaller buildings, such as Tesco and Praktiker (the latter which is defunct since 2014), opened stores in the big-box-store format in an effort to compete with big-box chains, which are expanding internationally as their home markets reach maturity.

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Target Corporation in the context of Point of sale

The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt, as proof of transaction, which is usually printed but can also be dispensed with or sent electronically.

To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are available.

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Target Corporation in the context of Central, Minneapolis

Central is a defined community in Minneapolis that consists of six smaller official neighborhoods around the downtown and central business core. It also includes the many old flour mills, the Mill District, and other historical and industrial areas of downtown Minneapolis. It also includes some high-density residential areas surrounding it, excluding areas east of the Mississippi River. Businesses and government buildings are based in the Central area include the corporate headquarters of the Star Tribune, Target, US Bancorp, the Hennepin County Government Center, Minneapolis Central Library, Minneapolis City Hall, and the broadcast facilities of the Minnesota CBS station WCCO-TV.

There is no City Council ward representing the majority of Central Minneapolis. It is split between Wards 3, 5, 6, and 7, represented by Council Members Rainville, Ellison, Osman, and Cashman respectively.

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Target Corporation in the context of John Geisse

John Francis Geisse (September 1, 1920 – February 21, 1992) was an American businessman. He founded three successful retail chains: Target Discount Stores, Venture Stores, and The Wholesale Club (which merged in 1991 with Sam's Club).

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Target Corporation in the context of Douglas Dayton

Douglas James Dayton (December 2, 1924 – July 5, 2013) was an American retail executive, businessman, and philanthropist and heir to the Dayton's Company fortune who was the co-founder of the Target discount stores chain. Dayton ran Target's operations during its early years and served as the company's first president. He started his career at the family company: Dayton's department stores.

Dayton served in the Army during World War II, earning a Purple Heart. After the war, he joined the family business, Dayton's department store. He held various positions in the company, and urged the company to take advantage of the emerging discount store market. In 1960, he became the first president of Dayton's new discount subsidiary, Target. He oversaw the company's expansion until 1969 when he became a vice president of Target's parent company after a merger. Dayton left the business in 1972, forming a venture capital firm in 1974. He retired in 1994 but remained active in charity work until his death in 2013.

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Target Corporation in the context of Dayton's

Dayton's was an American department store chain founded in Minneapolis, Minnesota, in 1902 by George Draper Dayton. It operated several local high-end department stores throughout Minnesota and the Upper Midwest for almost 100 years. Although it was regionally known as a high-quality shopping destination, Dayton's is best remembered for starting the discount shopping chain Target. The company was also instrumental in the history of shopping malls, opening the first indoor shopping mall in the United StatesSouthdale Center in Edina, Minnesota, in 1956.

In 1969, Dayton's merged with Michigan department store chain Hudson's to form the Dayton-Hudson Corporation. The Target division of the company eventually grew so large that in 2000 the corporation was renamed the Target Corporation. Dayton-Hudson had acquired Chicago-based Marshall Field's in 1990 and Target rebranded Dayton's stores as Marshall Field's stores in 2001 in an effort to focus more on discount retailing. In 2004, Marshall Field's was purchased by May Department Stores, which subsequently merged in 2005 with Macy's, turning the remaining Marshall Field's stores into Macy's department stores.

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Target Corporation in the context of Bullseye (mascot)

Bullseye is a fictional Bull Terrier and the official mascot of Target Corporation. The dog is featured in Target's commercial campaigns and in-store signage, and is used in various marketing campaigns. Bullseye is portrayed by female dogs.

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