The Memphis Business Journal reports that Target Corp. “has identified the top 50 metro markets in the country and is in an aggressive growth phase to saturate those top markets,” places where” the typical education and income demographics are higher.”
The goal isn’t necessarily to be downtown, but rather on the suburban edge of major metro areas. Target has identified seven such locations in the Memphis area alone, and is moving ahead on such plans throughout the country. The company reportedly will put off smaller markets at least until 2010.
According to the Journal, “the median age of a Target customer is 45 with a $57,000 median household income. 90% of customers are female, 39% have children at home and 44% have completed college.”
The goal isn’t necessarily to be downtown, but rather on the suburban edge of major metro areas. Target has identified seven such locations in the Memphis area alone, and is moving ahead on such plans throughout the country. The company reportedly will put off smaller markets at least until 2010.
According to the Journal, “the median age of a Target customer is 45 with a $57,000 median household income. 90% of customers are female, 39% have children at home and 44% have completed college.”
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