The store openings are spread around the nation, with California getting the most stores with five, followed by Texas and Illinois with three. Also among the openings will be a new store in Kohler, WI.
The Target subsidiary has been the main growth engine for the company as the discount stores continue to outperform its department store siblings at the retail chain. The company said Thursday that its February sales were up 13% to $3.3 billion, led by a 14.5% increase in Target‚s sales to $2.9 billion. In addition to its Target discount stores, the company also owns 266 Mervyn's moderate-price promotional department stores and 62 Marshall Field's traditional department stores.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
