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To Support Sales Growth, Target Says It's 'Leaning Into' Property Investments

Retailer May Hit $100 Billion in Annual Sales as It Spends on Store Renovations

Target's brick-and-mortar stores are at the center of its business model, even in the online era, a strategy that involves combining them with small-scale fulfillment centers. (Target Corp.)
Target's brick-and-mortar stores are at the center of its business model, even in the online era, a strategy that involves combining them with small-scale fulfillment centers. (Target Corp.)

Target Corp. executives said the company might reach annual sales of $100 billion for the first time in its history, and the chain plans to spend some of that windfall on its property.

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