No, I don't think so. Target is descended from Dayton - Hudson which then flipped the name around as Target became bigger than its parents.
https://en.wikipedia.org/wiki/Target_Corporation
Macy's was part of Federated, which apparently hasn't been doing all that well for a while, it too had a name flip.
http://www.nndb.com/company/849/000060669/
Owner of Macy's, Bloomingdale's, I. Magnin (defunct), Stern's (defunct), Marshall Field's (defunct), Filene’s (defunct) and some others involving the Macy's name. Founded in 1929, operates 465 stores. Federated acquired May Department Stores in 2005 for $11B. The company changed its name to Macy's in 2007.
Macy’s, Inc. is one of the nation’s premier omnichannel retailers, with fiscal 2014 sales of $28.1 billion. As of April 4, 2015, the company operates about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement. Macy’s, Inc.’s diverse workforce includes approximately 166,900 employees. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc. The company’s shares are traded under the symbol “M” on the New York Stock Exchange.
thanks. the nearest macy’s is appleton wi, and the nearest target is marquette, mi. do not shop either to far away. could not remember the parent company name for target. probably thought it was so because at one time there was a corporate connection in minneapolis. but living in the UP of MI, sometimes life is a little slower here. Stores that we do have KFC, McDonald’s, Subway, Synder Drug’s, Shopko Hometown, Family Dollar, and Dollar General. .