Target Looks North
EARNINGSUpdated February 27, 2013, 8:51 p.m. ET
TORONTO—After an uneven year of sales in the U.S., Target Corp. is pinning its hopes for growth on Canada, where it plans to open its first two dozen stores in the next few weeks.
Canadians have been traveling over the border for years to shop at U.S. Target stores. More than 30,000 Canadian customers already carry the retailer's credit card. But the Minneapolis-based chain is taking little for granted in its first international expansion, which this year will add 124 stores, or 7%, to its overall footprint. The company has plowed more than $2.7 billion into the venture, and plans ...
Target Looks North
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