Target Corporation Remains Firmly Committed to Target India
Business Wire
Nov 03, 2009
Target Corporation (NYSE:TGT) today reiterated its commitment to its
Target India team and operation, which employs about 2,100 team members
in Bangalore. The company strongly denied that it is engaged in any
discussions, or has any plans, to sell its captive center.
“Our captive center in Bangalore continues to be an important part of
our long-term strategy and is highly integrated with our work and team
in Minneapolis,” said Gregg Steinhafel, chairman, president and chief
executive officer of Target Corporation. “We remain firmly committed to
this Target team and are proud of the work they do. Recent rumors about
a sale are ridiculous speculation.”
Target Corporation's retail segment includes large general merchandise
and food discount stores and Target.com, a fully integrated on-line
business. In addition, the company operates a credit card segment that
offers branded proprietary and Visa credit card products. The company
currently operates 1,743 Target stores in 49 states.
Target Corporation news releases are available at www.target.com.
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