1902: In downtown Minneapolis, George Dayton opens Goodfellows, which a year later is renamed the Dayton Dry Goods Co.

1969: Dayton's acquires J.L. Hudson Co., a Detroit-based retailer founded in 1881.

1990: Dayton Hudson Corp. acquires Chicago-based department store retailer Marshall Field's and its 24 stores for $1.05 billion.

2000: CEO Robert Ulrich changes the company's name to Target Corp. A year later, the Dayton's and Hudson's department stores are rebranded as Marshall Field's stores.

2004: Target Corp. agrees to sell its Marshall Field's division and its Twin Cities Mervyn's stores to May Department Stores Co. for $3.2 billion.

2005: Federated Department Stores acquires May Department Stores, owner of Macy's, for $11 billion in cash and stock and the assumption of $6 billion in debt.

2006: In order to build a national department store brand, Federated consolidates more than 400 department stores under the Macy's name, including the Marshall Field's stores in the Twin Cities area. Macy's North Division is headquartered in Minneapolis.

2008: Macy's announces a $150 million restructuring that will eliminate 2,300 jobs by consolidating three regional divisions. Minneapolis-based Macy's North will be folded into its Macy's East division, based in New York, affecting 950 jobs in the Twin Cities.