TARGET PLANS TO ENTER REMAINING THREE STATES

Target senior vp of real estate, Scott Nelson, said in an interview this week that the company is looking to enter Alaska, Hawaii and Vermont, which will put the retailer in all 50 states. Construction is reportedly underway in Alaska, and the company is currently trying to decide where it should locate in Vermont. Nelson said Target has plans to open a store on the island of Oahu, but it also has interest in opening stores on all the major Hawaiian islands.

Meanwhile, the retailer recently signed a lease to locate in the East River Plaza in Manhattan, a first for Target. Wal-Mart has yet to make similar inroads.