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Market: NYSE
Sector: Retailers
EPIC: TGT
Latest Price: 56.67  (1.50% Ascending)
52-week High: 58.86
52-week Low: 46.33
Market Cap: 37,515.60M
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Target Corp
www.target.com

Target Corporation operates general merchandise stores with an assortment of general merchandise and food items, as well as SuperTarget stores with a line of food and general merchandise items.

Full Target Corp profile here
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Target adamant that it is not selling its captive technology centre in India

18th Jan 2010, 9:24 am
Target adamant that it is not selling its captive technology centre in India

Target Corporation (NYSE: TGT), one of the largest retailers in the United States, said it had no intention of selling its operations in India.  The company appeared to be responding to a story that was published in the Deccan Herald which claimed the company is set to announce that it has sold its captive technology centre for US$60 million.


Target currently employs around 2,100 people in Bangalore who carry out administrative support, business analytics, supply chain management, finance and accounting and other roles.


“The company emphatically refutes the irresponsible rumor that it is engaged in any discussions, or has any plans, to sell its Target India operations,” Target said this morning. “In fact, Target continues to more deeply integrate the work of its Bangalore teams with its U.S.-based teams, bringing the teams, sites and work even closer together.”


"We do not know the source of this ridiculous speculation, but we can absolutely reaffirm that it is unequivocally not true," said Tim Baer, EVP and General Counsel of Target Corporation.

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