Target co-founder dies
NEW YORK — Target Corp. co-founder Douglas Dayton passed away during the weekend, according to published reports. He was 88.
According to Reuters, Dayton is survived by his wife, Wendy, four children and six grandchildren.
Target began as a family-owned company, merging with the J.L. Hudson department store chain in 1969. Dayton became president of Target in 1961, and senior vice president following the merger. The Dayton Hudson Corp. changed its name to Target in 2000. Dayton left the company in 1974.
In other news, the mass merchandise retailer said Thursday its Canadian division would open 20 new stores in British Columbia, Alberta, Saskatchewan and Ontario between the middle and end of this month. The company plans to open 124 stores across Canada this year.
Benzinga: Former CVS Caremark chairman says employer mandate delay only adds confusion to marketplace
NEW YORK — The Obama administration’s delay in implementing a key healthcare provision in 2014 only serves to add confusion around the overall package, especially as individuals will still be required to buy health insurance or pay a penalty, Mac Crawford, Crawford Ross partner and former CVS Caremark chairman, told Benzinga Wednesday.
In the end, it takes one possible insurance marketplace out of play for individuals at least til 2015, he said.
Crawford didn’t speculate as to whether a delay on the individual mandate would follow the employer mandate delay. Implementing the reform with the employer mandate will make it more difficult for individuals.
Update: A previous version of this article stated Crawford as former CEO of CVS Caremark. The company has informed us he was chairman. We apologize for the error.