Target Sees Food Offer as Minimal Threat

Although Target Corp. here expects to take market share away from the grocery sector as it expands its food offerings, Wal-Mart Stores is likely to cause more damage, Douglas Scovanner, Target's executive vice president and chief financial officer, told an investors conference late last month. While Target has only a 1% or 2% market share in dry groceries, dairy and frozen foods, Wal-Mart

MINNEAPOLIS — Although Target Corp. here expects to take market share away from the grocery sector as it expands its food offerings, Wal-Mart Stores is likely to cause more damage, Douglas Scovanner, Target's executive vice president and chief financial officer, told an investors conference late last month.

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