Hardware Retailing

MAY 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://hardwareretailing.epubxp.com/i/815244

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Page 89 of 224

May 2017 | HARDWARE RETAILING 83 2000 Target Official Dayton-Hudson Corp. becomes Target Corp. 2004 Department Sales Target Corp. sells Marshall Field's. 2011 Going International Target acquires 189 Zellers store locations in Canada with plans to transition up to 135 of them into Target stores. 2013 Crisis With Data Target experiences a data breach of its credit card processing systems, which affects more than 100 million customers. Growing Grocery Target hires former Kroger executive Jeff Burt to lead its grocery business. 2017 2015 Canadian Collapse In January, Target announces plans to exit Canada, and all stores are closed by May. Staffing Cuts Target lays off 2,600 employees in the Minneapolis- St. Paul area. SOLD OPEN Sources: Star Tribune, Target Corp. Annual Report filings, Target.com, The New York Times and Minneapolis Star Tribune

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