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In 2005, Target began operation of an overseas technology office in Bangalore, India. [47] It reached 1,397 units and $52.6 billion in sales. [20] In February 2005, Target Corporation took a $65 million charge to change the way it accounted for leases, which would reconcile the way Target depreciated its buildings and calculated rent expense.
Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis, Minnesota.It is the seventh-largest retailer in the United States, and a component of the S&P 500 Index. [3]
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Over time, Target began to far eclipse the success of the other Dayton Hudson stores, and on January 13, 2000, Dayton Hudson took the name Target Corporation. Ulrich sold the other store groups, including Mervyn's and Marshall Field's , and focused on promoting the Target brand.
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