Saturday, February 18, 2012

US Target Corp. company targets India for Canada foray

Target Corp, the US' third largest retailer, is aiming to set up shop in Canada next year. For its maiden overseas foray, the Minneapolis-based company has set its sights thousands of miles away on its technology centre in Bangalore.

From the Indian city, a 2,500-strong team, including architects, will draw up a blueprint to help Target in Canada. They will create the design for the stores and the layout of shelves, decide what the shelves should be stocked with and assist in setting a supply chain for over 100 stores that will be opened.

With $68 billion in sales, Target spends nearly $1 billion on technology. "Our India team and their contribution will be critical for the Canada launch," said Ken Kaiser, vice-president for corporate systems development, who was instrumental in setting up the retailer's India centre.

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