Target Corporation (NYSE: TGT), originally known as the Dayton Dry Goos Co., is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. In 1962, the first Target store was opened in Roseville, Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The company is ranked 31st on the 2008 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival and competitor of Kmart and Wal-Mart.