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.
While Target has only a 1% or 2% market share in dry groceries, dairy and frozen foods, “Wal-Mart nationally is in the 20s,” he said.
“So if our P-fresh [expanded food] concept turns ...
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