Target founder Douglas Dayton dies
July 8, 2013-- Home Accents Today,
MINNEAPOLIS - Target founder Douglas Dayton died July 5, 2013 following a long battle with cancer.
Dayton was the youngest of George Nelson Dayton's five sons who took over Dayton's, the family's downtown Minneapolis department store, from their father in 1948. He held many positions in the department store, beginning in the receiving room before moving to Rochester to run the first remote location in 1954. In 1960 he founded and became the first president of Target.
According to his obituary, Dayton oversaw the growth of Target until 1968 when he was needed back at the corporate headquarters to become senior vice president of administration of Dayton-Hudson Corp. Eventually Dayton's and other acquisitions were consolidated and sold and the new corporate name became Target.
Missing the day-to-day hands on experience of Target, he left the company to start Dade Development Capital in 1974 where he remained until his retirement in 1994. Dayton was 88 years old.