Target reaffirms its commitment to IndyCar

The U.S. retailer Target, which sponsors Chip Ganassi’s racing team with Franchitti and Dixon driving, flew in all its top U.S. executives and introduced its Canadian management team to the media before the race on Sunday and emphasized its commitment to the IZOD IndyCar Series and the Toronto Indy.

And they’re not even opening for business in Canada till 2013! The much-loved “cheap-chic'' discount chain, Target Corp., referred to by fans as "Tar-Jay," says it has Canada in its sights as part of a future international expansion plan.

Like many U.S. retailers, Target is mulling a move outside its home market after sales and profits took a nosedive in the past year.

The announcement comes years after Target was rumored to be eyeing an entry into Canada through the purchase of Hudson's Bay Co.-owned discounter, Zellers. Hudson's Bay was publicly traded and widely held at the time.

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