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	<title>Retail News Update &#187; Target Stores</title>
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		<title>Target to open 27 new stores</title>
		<link>http://artrm.com/retail-news/2009/03/target-to-open-27-new-stores/</link>
		<comments>http://artrm.com/retail-news/2009/03/target-to-open-27-new-stores/#comments</comments>
		<pubDate>Sat, 07 Mar 2009 07:31:40 +0000</pubDate>
		<dc:creator>retailnu</dc:creator>
				<category><![CDATA[Chain Stores]]></category>
		<category><![CDATA[Convenience Store]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[News & Articles]]></category>
		<category><![CDATA[Retail Stores]]></category>
		<category><![CDATA[SuperTarget stores]]></category>
		<category><![CDATA[Target Stores]]></category>
		<category><![CDATA[US Retail]]></category>

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		<description><![CDATA[(CNN) &#8212; Target Corp. this month will open 27 new stores employing a total of more than 4,300 people, the company said. The stores&#8217; openings will come just weeks after the retailer cut 600 people from its headquarters staff amid what it called weaker-than-expected sales. The retailer will hold grand openings for the 21 general [&#8230;] <a class="more-link" href="http://artrm.com/retail-news/2009/03/target-to-open-27-new-stores/">&#8595; Read the rest of this entry...</a>]]></description>
				<content:encoded><![CDATA[<p>(CNN) &#8212; <a href="http://topics.edition.cnn.com/topics/Target_Corporation" target="_blank">Target Corp</a>. this month will open 27 new stores employing a total of more than 4,300 people, the company said.</p>
<p>The stores&#8217; openings will come just weeks after the retailer cut 600 people from its headquarters staff amid what it called weaker-than-expected sales.</p>
<p>The retailer will hold grand openings for the 21 general merchandise stores and six full-grocery SuperTarget stores on Sunday. The new sites include the company&#8217;s first two stores in Hawaii.</p>
<p>Each general merchandise store employs 150 to 250 people, and each SuperTarget has 200 to 300 workers, the company said.</p>
<p>In late January, Minnesota-based Target cut its headquarters staff by 9 percent and eliminated 400 open positions. The company, citing difficult economic conditions and sales that didn&#8217;t meet expectations, also said it would soon close an Arkansas distribution center that employs 500 people and would cut back on planned new-store openings.</p>
<p>&#8220;We are clearly operating in an unprecedented economic environment that requires us to make some extremely difficult decisions to ensure Target remains competitive over the long term,&#8221; Gregg Steinhafel, Target president and CEO, said in a news release that month.</p>
<p>Retailers in the United States took a hit last year as a weak economy weighed on consumer spending. Retail sales fell six straight months until January, when sales rose 1 percent, according to the Commerce Department. However, retail experts said they were skeptical a rebound had taken hold.</p>
<p>Still, two other retailers also announced plans to expand. Kohl&#8217;s announced last month that it intends to open 55 stores in 2009, and Dollar General in February said it is looking to open more than 400 stores.</p>
<p><a href="http://edition.cnn.com/2009/US/03/04/target.stores/" target="_blank">Read more &gt;&gt;</a></p>
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