Target PFresh Expansion


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Tue. November 22nd, 2011

You can never be fresh enough, as this major American retailer expands its grocery division at home and abroad.<hr class="legacyRuler"><hr class="invisible minimal-padding">Target is planning to expand its "P-Fresh" grocery sections to 380 additional stores this year. That's an increase from last year's total of 341. President and CEO Gregg Steinhafel shared on the company's earning's call that the section will offer produce, dry groceries, dairy, and frozen foods. Target also plans to open between 100 and 150 stores in Canada primarily in 2013. The new ventures mean the company is anticipating that sales will top $100 billion dollars within the next six to seven years.<hr class="legacyRuler"><hr class="invisible minimal-padding">We'll see how P-Fresh helps Target hit its mark for the near future.<hr class="legacyRuler"><hr class="invisible minimal-padding">