Target Said to Have J Sainsbury in Sights for International Expansion
NEW YORK - Minneapolis-based Target Corp. is setting its sights on an overseas acquisition, possibly in the United Kingdom, according to several reports in the British press. The chain is rumored to be considering supermarket chain J Sainsbury, among others, as a target, although retail analysts told Progressive Grocer they question the likelihood that the mass merchant would make such a move in the ultracompetitive U.K. retail market.