Target powers Dayton Hudson's growth

Target is giving its parent firm, Dayton Hudson, a boost in growth, while Mervyn's continues to be a financial problem. Dayton Hudson's new Chmn and CEO Robert Ulrich continues in his role as Chmn and CEO of Target, but since he took over, Dayton's stock decreased to $72.38 per share in Jun 1995, from $78.63 per share in May 1994. Some analysts believe that Mervyn's is taking too long to return to a healthy state. Target represented about 64% of Dayton Hudson's revenues during 1994.
Target is still the engine that drives its parent company, Dayton Hudson. The department store division--Dayton's, Hudson's, and Marshall Field's--is a cash cow that provides fuel for the engine. But [...]