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John Francis Geisse (September 1, 1920 – February 21, 1992) was an American businessman. He founded three successful retail chains: Target Discount Stores, Venture Stores, and The Wholesale Club (which merged in 1991 with Sam's Club).
1962–1975: Founding of Target While working for the Dayton company, John F. Geisse developed the concept of upscale discount retailing. On May 1, 1962, the Dayton Company, using Geisse's concepts, opened its first Target discount store, located at 1515 West County Road B in Roseville, a suburb of Saint Paul, Minnesota.
Venture Stores, Inc. Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares. Venture Stores, Inc. was a chain of retail stores aimed at the discount department-store market. John Geisse, formerly of Target Stores, and May Department Stores' executive vice president, Dave Babcock, founded the chain in 1968.
In 1960, Dayton and John F. Geisse teamed up to launch Target, which aimed to be an upscale discount store, in 1962. [ 2] Dayton became the first president of the new business, a subsidiary of Dayton's. [ 3] He promised that the new company would "combine the best of the fashion world with the best of the discount world." [ 1] The store was an instant success, leading Dayton to boast the chain ...
In 1968, Venture Stores was founded when Target co-founder John F. Geisse went to work for May Department Stores. [citation needed] Under an antitrust settlement reached with the Department of Justice, May was unable to acquire any more retail chains at the time, and the department store company needed a way to compete against the emerging discount store chains.
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota. It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. [3] The company is one of the largest American-owned private employers in the United States.
Target Plaza South is a 33-story skyscraper in downtown Minneapolis, Minnesota completed in 2001. The building serves as the corporate headquarters for Target Corporation. [1] It is located a few blocks away from the original building which the Target Corporation's predecessor, Dayton's, was located in from 1902 until 2001.
Pages in category "Target Corporation people" The following 15 pages are in this category, out of 15 total. This list may not reflect recent changes.