), an operator of general merchandise stores, plans to recruit
hundreds of employees for various store designations, in Canada.
The company has planned to open 24 stores in Ontario (in Canada) by
the end of first three months of calendar year 2013.
Target revealed that each of the Ontario stores will employ
about 150-200 heads throughout the season and will offer a moving
career in the retail market with various opportunities coming their
way. Moreover, the company is interested in hiring the employees
who want to be involved in part-time employment.
Target is seeking capable employees who have the required
expertise to assist in bringing the company's brand into
recognition in the new market. The company has started receiving
the curriculum vitae (CV) from the interested candidates. Further
details for this hiring program are available on the company's
The move by the company to recruit employees will help to bring
down the unemployment rate in the struggling economy.
In addition, the company is looking for pharmacy franchise
owners to run pharmacy business in all the possible stores in
Canada. This will surely help to increase customer traffic and will
help to bring company's brand into recognition in the new Canadian
Target had earlier announced that it remains on course to open
125 stores in Canada by the end of 2013. We believe the opening of
stores outside the United States will boost the company's top and
bottom lines and improve its efficiency in generating a steady cash
Target aims to exceed $100 billion in sales and achieve earnings
per share growth at a CAGR of approximately 10% to 12% per year,
resulting in annual earnings of over $8.00 per share or more by
2017. The company also expects to achieve 3% annual growth in
comparable-store sales on an average.
Currently, we have a long-term Neutral rating on the stock.
Moreover, Target, which competes with
Costco Wholesale Corporation
), holds a Zacks #3 Rank, translating into a short-term Hold
recommendation for the next 1-3 months.
COSTCO WHOLE CP (COST): Free Stock Analysis
TARGET CORP (TGT): Free Stock Analysis Report
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