Pressroom
Target Corporation Remains Firmly Committed to Target India
MINNEAPOLIS, November 3, 2009 -- Target Corporation (NYSE:TGT) today reiterated its commitment to its Target India team and operation, which employs about 2,100 team members in Bangalore. The company strongly denied that it is engaged in any discussions, or has any plans, to sell its captive center.
“Our captive center in Bangalore continues to be an important part of our long-term strategy and is highly integrated with our work and team in Minneapolis,” said Gregg Steinhafel, chairman, president and chief executive officer of Target Corporation. “We remain firmly committed to this Target team and are proud of the work they do. Recent rumors about a sale are ridiculous speculation.”
Target Corporation's retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,743 Target stores in 49 states.
Target Corporation news releases are available at www.target.com.