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http://www.shopaisle19.com • • • • • • Target Stores expanded into Maine, reaching 1053 units in 47 states and $33.0 billion in sales. In 2002, it expanded to 1147 units, which included stores in San Leandro (Bayfair Mall), Fremont, and Hayward, California, and sales reached $37.4 billion, and in 2003 it reached 1225 units and $42.0 billion in sales. • On June 9, 2004, Target Corporation announced its sale of the Marshall Field's chain to St. Louis, Missouri-based May Department Stores, which became effective July 31, 2004. On July 21, 2004, it announced the sale of Mervyns to an investment consortium including Sun Capital Partners, Inc., Cerberus Capital Management, L.P., Lubert-Adler/ Klaff and Partners, L.P., which was finalized September 2. Target Stores expanded to 1308 units and reached $46.8 billion USD in sales. In 2005, it reached 1397 units and $52.6 billion in sales, and in 2006 it expanded to 1488 units and sales reached $59.4 billion. • In May 2005, Target began operation in Bangalore, India, and these operations currently support all Target business units. In 2006, Target completed construction of the Robert J. Ulrich Center in Embassy Golf Links in Bangalore, and Target plans to continue its expansion into India with the construction of additional office space at the Mysore Corporate Campus. • The point of sale in a Target stores. • Target Corporation (NYSE: TGT) is an American retailing company that was founded in Minneapolis, Minnesota in 1902. The company originally was known as the Dayton Dry Goods Company. In 1962, the first Target store opened in Roseville, Minnesota. In 2000, the company changed its name from Dayton Hudson to Target. It is the fifth largest retailer by sales revenue in the United States, behind Wal-Mart, The Home Depot, Kroger, and Costco. The company is ranked at number 31 on the Fortune 500 as of 2008. Target operates its retailing business exclusively in the United States. It is a rival and competitor of Kmart and Wal-Mart. Target is a component of the Standard and Poor's 500 index.
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