Bob Ulrich

Born:	1944 Minneapolis, Minnesota
Occupation:	chief executive officer and chairman of Target Corporation
Salary:	$8.06 million USD

Robert J. Ulrich (born 1944) is the chief executive officer and chairman of the Target Corporation, the sixth-largest retailer in the United States. Ulrich is considered to be a significant force in business, and is credited with crafting Target's unique brand and marketing image and focus, which is widely considered to be a key contributor to the company's success in the challenging retailing industry. Image File history File links Bob_Ulrich. ... Year 1944 (MCMXLIV) was a leap year starting on Saturday (the link is to a full 1944 calendar). ... Nickname: City of Lakes Motto: En Avant Location in Hennepin County and the state of Minnesota. ... A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation, or agency. ... For other uses of chair, see chair (disambiguation). ... Target Corporation (NYSE: TGT) was founded in Minneapolis, Minnesota in 1902 as the In 1962, the first Target store was opened in Roseville, Minnesota. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... Robert Ulrich or Bob Ulrich is the name of: Bob Ulrich (1944-) is the current chief executive officer and chairman of Target Corporation. ... Year 1944 (MCMXLIV) was a leap year starting on Saturday (the link is to a full 1944 calendar). ... A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation, or agency. ... Target Corporation (NYSE: TGT) was founded in Minneapolis, Minnesota in 1902 as the In 1962, the first Target store was opened in Roseville, Minnesota. ...

Biography

Ulrich was born in 1944, in Minneapolis, Minnesota, the son of a 3M executive. He graduated from the University of Minnesota in 1967, and moved quickly into the retailing business. He began his career with Dayton Hudson Corporation, which would later become Target Corporation, in 1967. Until 1981, Ulrich held a series of positions overseeing merchandising for Dayton Hudson, including overseeing merchandising for Dayton's Department Stores. In 1981, he moved to overseeing the operations of Dayton's subsidiary, Diamond's Department Stores.^[1] Nickname: City of Lakes Motto: En Avant Location in Hennepin County and the state of Minnesota. ... 3M Company (NYSE: MMM); formerly Minnesota Mining and Manufacturing Company until 2002) is an American corporation with a worldwide presence that produces over 55,000 products, including adhesives, abrasives, laminates, passive fire protection, electronic circuits and displays, and pharmaceuticals. ... Washington Avenue Bridge at night The University of Minnesota, Twin Cities, almost always abbreviated U of M, and sometimes referred to as The U by locals, is the oldest and largest part of the University of Minnesota system. ...

Building Target

In 1984, Ulrich became president of the Target Stores group within Dayton Hudson, and he began leading significant growth for the division. In 1987, he was promoted to chairman and chief executive officer of the Target Stores group. By 1992, the number of Target Stores had doubled during Ulrich's tenure, to just over 500, with just shy of fifty more opening each year.

In 1994, Kenneth Macke retired as chairman and chief executive of Target's parent company, Dayton Hudson Corporation, and Ulrich succeeded him in the position. Dayton Hudson had grown to encompass several store chains, including Dayton's, Hudson's Department Store, Mervyn's, and Marshall Field's, in addition to Target. The famous Minneapolis department store known as Daytons was among the leaders in shopping and fashion in the United States for nearly a century. ... The Hudsons Logo Hudsons or The J.L. Hudson Company was a major retail department store chain based in Detroit. ... Mervyns is a neighborhood department store based in Hayward, California. ... Marshall Fields was an iconic Chicago, Illinois department store that grew to become a major chain before being acquired by Cincinnati-based Federated Department Stores on August 30, 2005. ...

Over time, Target began to far eclipse the success of the other Dayton Hudson stores, and on January 13, 2000, Dayton Hudson took the name Target Corporation. Ulrich sold the other store groups, including Mervyn's and Marshall Field's, and focused on promoting the Target brand.^[2] Mervyns is a neighborhood department store based in Hayward, California. ... Marshall Fields was an iconic Chicago, Illinois department store that grew to become a major chain before being acquired by Cincinnati-based Federated Department Stores on August 30, 2005. ...

Today

Ulrich continues to oversee strong financial and market success at Target. During its most recent full fiscal year, Target saw a 31% increase in earnings per share from continuing operations. Target's strong financial performance led Warren Buffett's Berkshire Hathaway to recently purchase 5.5 million of Target's shares, a move that was widely considered a strong endorsement of Target's potential for continued success, especially considering that Berkshire Hathaway has long been a holder of Target's rival Wal-Mart's shares.^[3] Warren Edward Buffett (b. ... Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a massive holding company headquartered in Omaha, Nebraska, USA, that oversees and manages a number of subsidiary companies. ... Wal-Mart Stores, Inc. ...

See also

• Target Corporation

Target Corporation (NYSE: TGT) was founded in Minneapolis, Minnesota in 1902 as the In 1962, the first Target store was opened in Roseville, Minnesota. ...

References

1. ^ Discount Store News, via FindArticles: "Bob Ulrich, Chairman, CEO," last retrieved December 5, 2006.
2. ^ Answers.com: "Robert J. Ulrich: Information," last retrieved December 5, 2006.
3. ^ The Associated Press via MSN Money: "Target Rises on Berkshire News," last retrieved December 5, 2006.