Target Founder Douglas Dayton Dies at 88

Posted at: 07/07/2013 9:18 AM
Updated at: 07/08/2013 7:09 AM
By: Cassie Hart

Minnesota is remembering the man behind a local company that became a major national retailer.
The co-founder of Target, Douglas Dayton, died at the age of 88. He is Gov. Mark Dayton's uncle.
Douglas Dayton, along with his four brothers, transformed department stores; offering shopping at competitive discount prices.
In a statement, the governor called his uncle an extraordinary businessman, philanthropist and family leader.
He launched Target in 1962.

Minnesota Governor Mark Dayton released the following statement this evening on the passing of his uncle, Douglas Dayton, the founder of Target Stores.  

“My Uncle Doug was an extraordinary businessman, philanthropist, and leader of our family.  I have cherished memories of our times together: duck and pheasant hunting in Heron Lake, serving on the board of a family business, and discussing the latest political developments.

In 1962, Doug launched and led Dayton’s newest venture, Target Stores.  Now Target is the company.  

With his typical modesty, Doug didn’t claim the public recognition he deserved for his success.  Yet what an enormous difference his business acumen has made for thousands of Target employees, customers, and charitable causes.”