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Article: TARGET CHIEF MAPS EXPANSION MODE.(Target Corp.)(Brief Article)
- Article from:
- WWD
- Article date:
- May 18, 2000
- Author:
CopyrightCOPYRIGHT 2000 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Target has "plentiful" growth opportunities and could double in size, Bob Ulrich, chairman and chief executive officer of parent Target Corp., told shareholders at the annual meeting here.
The Target discount chain has 931 stores and will add about 80 units this year, following about 70 in 1999. At that rate of growth, Target would double its store count in roughly 11 or 12 years. Target Corp. also operates about 64 department stores and 267 Mervyn's units.
Expansion this year centers on the mid-Atlantic and northeast markets; the Target chain is entering West Virginia and Connecticut for the first time, shareholders were told.
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