Target Founder Douglas J. Dayton Dies at 88
July 08, 2013
Target’s first president, Douglas J. Dayton, died on July 5, according to Bloomberg. He was 88. Dayton got started in the industry when he and his four brothers took over the family’s retailing company the Dayton Co., which began as Dayton’s department store in downtown Minneapolis. In 1961, the company formed discount chain Target, which would offer high-quality merchandise at low margins, and Dayton became president. The first Target opened in May 1962 in Roseville, Minn. Douglas James Dayton was born on Dec. 2, 1924, in Minneapolis, the youngest of five brothers born to George Nelson Dayton and the former Grace Bliss. He died on July 5 at his home in Wayzata, Minn., following a long battle with cancer. His survivors include: his wife Wendy Dayton; his children, David, Steve, Bruce and Elizabeth; six grandchildren; and his brother Bruce Dayton.