It's official: Target heading north
November 17, 2010-- Home Textiles Today,
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.
Related Content By Author
Countdown to Intertextile Shanghai