Target to open 27 new stores

(CNN) — Target Corp. this month will open 27 new stores employing a total of more than 4,300 people, the company said.

The stores’ 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 merchandise stores and six full-grocery SuperTarget stores on Sunday. The new sites include the company’s first two stores in Hawaii.

Each general merchandise store employs 150 to 250 people, and each SuperTarget has 200 to 300 workers, the company said.

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’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.

“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,” Gregg Steinhafel, Target president and CEO, said in a news release that month.

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.

Still, two other retailers also announced plans to expand. Kohl’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.

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4 Responses

  1. People in America need to realize jus what got America in this shape…cheap… yes so-call cheap items from a foreign land.

    quote*Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China.*end quote!

    Now! if there be 182 country’s making items for the world to buy and they have only 5% of the pie in China…duh! This company makes the nice people of China support their currency(yuan) by keeping it in their country working for the people there…. but with the yuan going up in value and the US dollar going down…all the foreign items that the American consumer buys thinking it is cheap has went up in price.

    People…its all about the currency and to keep a currency strong you got to keep it floating around the country you live in so it can work for you. For the past 12 years all them US dollars are being shipped overseas to a foreign bank and with the American worker not making anything for the foreigner to buy the “we the people” have to turn to the “second” largest employer in America(Uncle Sam) to sell “we the people” debt in order to get all them dollars back!

    50 years ago a foreigner would had given their left nut for a US dollar or a Hershey’s chocolate bar and today the same foreigner has got Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico. Wake up! America and think “MADE IN AMERICA.”

    quote*”Considering that there are over 30,000 ships at sea this morning,” writes James Carlton, director of the Williams College-Mystic Seaport Maritime Studies Program, in an e-mail, “the total number of organisms and species in this global ‘bioflow’ on the morning your readers read your piece could be staggering – billions of individuals, and thousands of species.”

    Indeed, scientists have long considered ballast water the primary way invasive aquatic organisms are introduced. From the zebra mussel’s arrival in the Great Lakes, to an American jellyfish severely disrupting Black Sea fisheries, the potential costs of accidental introduction of a species to new homes can be tremendous. Aquatic invasives cost the US $9 billion yearly, according to estimates by David Pimentel, professor emeritus of ecology and evolutionary biology at Cornell University in Ithaca, N.Y. Zebra and quagga mussels (a cousin to the zebra) alone cost the $1 billion annually.*end quote!

    tats $9 billion in hidden taxes to ALL TAXPAYERS….cheap ain’t chic and it cost America jobs! If a USA company can put 95% Chinese made items in their stores in China to help the Chinese workers….why not 95% American made items in the United States of America…tats what the hyphen in the name did years ago before it disappeared and the STAR showed up.

    • Hi Madmilker,

      This is one of the best comment on mentioned article in our blog and we appreciate the information & details you have shared with us.

      Wish you goodluck,
      Thanks
      Retailnu

      • well, thank you….and if you have time ….

        Remember what Lance Winslow wrote in tat article “The Flow of Trade in a Global Economy”….dang! better yet…jus take the time and read tis ….”Now let us look at Wal-Mart again; you buy a product there, 6% goes to the employees, 10-18% is profit to the company, 25% goes to other costs and 50% goes to re-stock or the cost of goods sold. Of the 50% about 20-25% goes to China, a guess, but you get the point. Now then, how long will it take at 433 Billion dollars at year for China to have all of our money, leaving no money flow for us to circulate? At a 17 Trillion dollar economy less than 40-years minus the 1/6 they buy from us. Some say that if we keep putting money into our economy, it would take forever, but if we do not then eventually all the money flow will go. If China buys our debt then eventually they own us, no need to worry about a war, they are buying America, due in part to our own mismanaged trade, so whose fault is that? Not necessarily China, as they are doing what’s in the best interests, and we should make sure that trade is not only free, but fair too.”

        Also, think for a moment about George Washington….yes the man tat is on the US dollar bill…. “Washington had been reelected unanimously in 1792. His decision not to seek a third term established a tradition that is now embedded in the 22d Amendment of the Constitution.

        Take the time to read his farewell address after only eight years of serving his country and than ask yourself tis….How do you think George feels being sent overseas in return for all tat foreign so-call cheap items and being left in a foreign bank because the American worker doesn’t make anythig for the foreigners to buy. Cheap items didn’t make tis great union of 57…oops! 50 states the greatest place on the face of tis Earth…..the American worker (union and non-union) did.

        You can’t have a strong country without having a strong currency and you can’t have a strong currency unless you keep it floating around within your 50 states. Tis is why the store with the star in the name puts 95% China made items in their stores in China….to keep their “yuan” in their country helping the nice people there. And with only 5% left for all the other 182 country’s tat make stuff including the United States of America….tat doesn’t produce very many jobs outside of China.

        Being an old person myself and knowing how it wus back in the 40’s, 50’s and 60’s in tis union of 50 states….I look at George each time I pull him out of my billfold and make a promise to send him out for items made in America so after floating around helping each hand he touches jus maybe one day he will shake mine again.

      • and don’t forget about those 15 cargo ships tat pollute as much as 760 MILLION AUTOMOBILES….

        or….

        tat deal tat China, Mexico, Wal*Mart and tat container company made on tat port in Mexico back in 2006…..

        oh!

        and with Wal*Mart moving their Global Procurement Offices to Hong Kong and than to China years ago…..

        think for a minute what the reason behind taking Sam’s squiggly line out of tat name and replacing it with a big single STAR.

        God Bless!

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