... Dayton in 1902. George Dayton opened a retail store in downtown Minneapolis. Originally known as the Dayton Dry Goods Company, it became the Dayton Company in 1910. In 1962, the Dayton Company became public and opened its first Target discount store in Roseville, Minnesota, a suburb north of St. Paul. By 1979, it would be the company's top revenue producer (target.com 2005). However, when Zody's and Gemco were in their prime there was a silent storm waiting. In 1945 Wal-Mart's founder, Sam Walton, became manager of a Ben Franklin variety store franchise in Newport, Arkansas. He later moved to Bentonville, Arkansas, and in 1950 opened its first distribution center and home office in Bentonville (walmart.com, 2005). In 1972 the company was listed on the New York Stock Exchange (NYSE). By operating its own warehouses, Wal-Mart could buy goods in large quantities and thus cut costs. In addition, the company ...

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