Search
 

Target To Add 110 Stores

MINNEAPOLIS-The discounter plans to invest up to $3.4 billion in new stores, increasing its overall square footage by 8%. Company officials also plan to grow the chain by 8% to 10% a year over the next five years or more.

By Jim McCartney | Updated on May 19, 2005

For more retail coverage, click GlobeSt.com/RETAIL.

MINNEAPOLIS-Target Corp. recently disclosed its expansion plans for this year, and confirmed at its annual meeting that it would keep the pace for at least the next five years.

In a recent filing with securities regulators, the locally based discount retailer said it expects to invest $3.2 billion to $3.4 billion, mostly in new store square footage, as well as in distribution infrastructure and systems to support this growth.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.