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WIKI ANALYSIS
Target Corporation (NYSE: TGT) is one of the top ten largest retailers in the U.S. by sales. Target generated revenue through sales of apparel, electronics, housewares and other product categories through both online operations and the Target stores in the U.S.[1] Target has carved out a niche for itself as a "cheap chic" retailer.
In January 2011, Target took its first step in expanding outside of the US with the purchase of 220 Zellers stores in Canada. Target plans to convert 100 to 150 of these stores by 2013 or 2014, with revenues similar to those of its US counterparts.[2] Target also started REDcard promotions with its credit card program, which could increase its revenues. However, rising commodity prices may offset these gains.
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News
- Target is planning to expand operations into Canada by 2013. Target has acquired the rights to 220 Zellers store Leases from the Hudson's Bay Co. and has already announced plans for 105 of these leases. [3]
References
- ↑ Target Q4 and 2009 Earnings Data
- ↑ http://seekingalpha.com/article/246791-target-s-expansion-into-canada-is-on-solid-ground
- ↑ http://news.morningstar.com/all/ViewNews.aspx?article=/DJ/201107111404DOWJONESDJONLINE000267_univ.xml
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