The document provides a brief history of Target, starting as Goodfellows Dry Goods Company in 1902 in Minneapolis and becoming Target in 1962. It discusses the company reaching $1 billion in annual sales in 1979 and launching its REDcard credit card program in 1995. The summary also mentions Target's acquisition of Target.com in 1999 and its ranking among the top 20 corporate contributors in the US, giving $2 million per week to local communities.