Marshall Fields owned Target for only a few years and they dumped them last year. Earlier this year Macy's acquired Marshall Fields and the conversion process/name change should be complete by years end.
Not exactly. Dayton/Hudson/MF owned Target for quite some time, Mervyn's as well. They started streamlining operations about a decade ago by changing all D/H stores to MF, which had better name recognition nationwide. As high-end retailers began to lose market share to midpoint retailers, Target became more powerful than its parent company, culminating in Target Corporation actually becoming the parent company. The first thing they did was drop Mervyn's, and MF followed soon after.
I worked for Target for most of the '90s but couldn't make a career of it. I'm just too damn hetero.