It's official: Target heading north
Retail Editor 8 -- Home Textiles Today, November 17, 2010
Minneapolis - In the 1990s, Kmart tested international retailing in Mexico and then-Czechoslovakia and ended up retreating. Wal-Mart headed across the border and kept on going. Target, known for exercising prudence, did not follow.
That will change next year, when the chain will branch out into Canada - a move the company hinted at earlier this year and confirmed during today's quarterly conference call.
"We expect to have new [smaller format] sites in 2012, and we also plan to open new sites outside the United States, with stores in Puerto Rico and Canada," said ceo Gregg Steinhafel.
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