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Target: 500


Target Corp. has said it plans to open 500 stores in the next five years. That will leave it with 2,000 stores in the U.S., still a fair bit below Wal-Mart's roster of 1,063 Wal-Mart discount stores, 2,285 Supercenters, 582 Sam's Clubs and 116 Neighborhood Markets in the United States.

Target Corp. said Wednesday that it expects to increase its U.S. presence by 33 percent over the next five years, to about 2,000 stores, and will open its first outlets in Alaska and Hawaii.

Target Chairman and Chief Executive Robert Ulrich said in a presentation to analysts that the company remains focused on adding U.S. stores. Target has shown relatively little interest in adding stores in Canada or other locations outside the United States. That's in contrast to retailers such as Best Buy Co. Inc. -- which has a fast-growing Canadian operation and is expanding into China -- and Wal-Mart Stores Inc., which has nearly a third of its 6,700 stores outside the United States.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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