Target Slows Pace of PFresh Remodels

MINNEAPOLIS — Target Corp. here said that it would slow the pace of its PFresh remodeling program in 2012, with only 230 stores scheduled to receive the revamp that includes a greatly expanded grocery offering.

That number is down from almost 400 PFresh remodels in 2011, the company said during its fourth-quarter earnings call with investors.

Gregg S

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