Target 2010 Annual Report Download - page 6

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4 TARGET 2010 ANNUAL REPORT
We’re focused on growing our business during the next decade by investing
in existing stores, adding new locations, developing new store formats and
expanding beyond the United States.
By investing in our existing stores in 2010, we made Target the ultimate in
convenience and one-stop shopping. Enhancements in Grocery, Beauty, Home,
Electronics and Shoes are giving guests more reasons to shop with us, and are
meaningfully increasing trafc and sales.
We also opened 13 new stores—adding 10 new locations, net of relocations
and closings.
Our newest growth initiative, CityTarget, will allow us to serve Target guests
in densely populated urban areas with an assortment tailored to their needs.
We expect to open our rst small urban-format stores in Seattle, Los Angeles,
Chicago and San Francisco in 2012. We are also planning to extend our Target
brand beyond the United States. Through the purchase of the leasehold interests
in up to 220 sites currently operated by Zellers Inc., a subsidiary of the Hudson’s
Bay Company, we expect to open 100 to 150 Target stores throughout Canada
in 2013 and
2014. We’re also enhancing our online and mobile capabilities, giving
guests the
convenience to shop their Target anywhere, at any time.
Watch highlights from the
grand opening celebration
of our Harlem store at
target.com/harlem
Target’s MOBILE APP
allows guests to find their
store, check local product
availability, aisle location and
extended assortments, and
view gift registries and the
local Weekly Ad.