Which retailer opened its first store in Roseville, Minnesota on this day in 1962? – 2017

Which retailer opened its first store in Roseville, Minnesota on this day in 1962?



Target




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.

Extra Trivia

In 1976, Ron Wayne sold his 10% ownership of which company for $800?

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