Dive Summary:
- Former Target CEO, co-founder and retail innovator Douglas Dayton has passed away at age 88. The company released a statement heralding Dayton’s influence on the brand while serving as executive.
- Dayton was appointed the first president of Target in 1960 and within two years, Target opened four additional stores as part of its landmark expansion into the Twin Cities.
- "Doug was instrumental in helping to guide the strategic direction of Dayton Hudson Corporation for many years and institutionalize the values that are at the heart of Target Corporation today," said Target president and CEO, Gregg Steinhafel.
From the article:
... "He and his brothers shared a common vision for improvement to the community, and to give back what the community had given them," Wendy Dayton said Sunday. She said he focused his philanthropic efforts on expanding access to education and social justice, and to preservation of the arts and nature. ...
