Which retailer opened its first store in Roseville, Minnesota on this day in 1962?
Answer: The first Target store was opened on May 1, 1962 in Roseville, Minnesota. Banker and real estate investor George Draper Dayton incorporated Target in 1902 as Goodfellow Dry Goods. The following year the name was changed to Dayton Dry Goods Company and shortened to Dayton Company in 1910.
On May 1, 1962, Dayton Company opened its first Target store, designed as a discount version of Dayton’s department stores. Target is now the second-largest discount store retailer in the United States, behind Walmart.