Target Corp. reiterated its commitment to its Target India team and operation, which employs about 2100 team members in Bangalore. The company strongly denied that it is engaged in any discussions, or has any plans, to sell its captive center.
"Our captive center in Bangalore continues to be an important part of our long-term strategy and is highly integrated with our work and team in Minneapolis," said Gregg Steinhafel, chairman, president and CEO of Target Corp. "We remain firmly committed to this Target team and are proud of the work they do. Recent rumors about a sale are ridiculous speculation."
Target's retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1743 Target stores in 49 states.
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