Doug Dayton obit

Douglas J. Dayton, First President of Target, Dies at 88

 

He was not on the list.

MINNEAPOLIS (AP) — Douglas Dayton, who led the transformation of a family department store into retailing giant Target, has died at the age of 88.

Dayton's wife, Wendy Dayton, confirmed his death Sunday. She said the resident of Wayzata, west of Minneapolis, died Friday after a long battle with cancer.

Douglas James Dayton was the youngest of George Nelson Dayton's five sons who took over the family's downtown Minneapolis department store from their father in 1948. Douglas Dayton started working in the family business after serving in an Army infantry division in Europe during World War II, where he was injured and received a Purple Heart.

Having worked as a store manager, Dayton sensed the threat of discount retailers like Kmart. In 1960, he became the first president of Target, and within two years, the company had opened four Target stores in the Twin Cities suburbs.

"Target was the best job I had," he recalled in a May interview with the (Minneapolis) Star Tribune.

Dayton is the uncle of Minnesota Gov. Mark Dayton. The governor issued a statement calling his uncle "an extraordinary businessman, philanthropist, and leader of our family."

According to an obituary prepared by his family, Douglas Dayton left the Target presidency in 1968 and returned to help run the Dayton-Hudson department store parent company. That business eventually was consolidated into Target Corp.

The company has expanded nationally and into Canada, and is now ranked No. 36 on the Fortune 500. The Dayton family has not been involved in its ownership or operations for a number of years. Most of the former Dayton's department stores in Minnesota are today operated by Macy's.

Dayton left the company in 1974 and formed a venture capital firm. He retired in 1994 but remained active in a number of charitable and philanthropic groups.

"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.

Douglas Dayton

Born    Douglas James Dayton

December 2, 1924

Minneapolis, Minnesota, U.S.

Died    July 5, 2013 (aged 88)

Minneapolis, Minnesota, U.S.

Education        Amherst College

Known for       Founding the Target Corporation

Children          3

Relatives          George Dayton (grandfather)

Mark Dayton (nephew)

Bruce Dayton (brother)

Military career

Allegiance       United States

Branch United States Army

Rank    Sergeant

Conflicts          World War II

Awards            Purple Heart