Marketing chief Michael Francis is leaving Target and will become president of J.C. Penney. Francis has been overseeing Target's plans to expand in Canada, where the company hopes to start opening stores in 2013.
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Michael Francis, Target's former Chief Marketing Officer, is leaving J.C. Penney after only eight and a half months as president of the struggling Texas-based department chain. J.C. Penney lured Francis away from the Minneapolis-based discount chain last year. He was responsible for Penney's marketing and merchandising operations.
Michael Francis will be Gap's first marketing creative adviser, Advertising Age reports. He will officially join the San Francisco-based retail chain next week. In June, he abruptly left J.C. Penney after only eight and a half months as president. Before joining the struggling Texas-based department chain, he was the chief marketing officer for Minneapolis-based Target.
The expansion would add nearly 300 new jobs. Apogee Retail works with nonprofit groups and operates more than 250 thrift stores in the United States and Canada.
The Minneapolis-based discount giant is firming up plans to enter its first market outside the United States. Target has released a list of 125 store locations in Canada that will open starting next spring. Its first 24 stores are all in Ontario. Later this year, Target will announce additional locations that will open in 2014.
The Minneapolis-based retailer's store sales shot up more than 5 percent last month, beating Wall Street and their own expectations. Target officials say their net retail sales are now topping $40 billion for the year so far.
Minnesota Department of Transportation Commissioner Thomas Sorel is leaving the 5,000-worker agency that he has guided since April 2008, and on Dec. 1 will become the new leader of AAA Minneapolis, a 200,000-member auto club.
The Minneapolis-based company plans to hire up to 200 people at each Canadian location. Target is getting ready to open more than 120 stores in Canada next year, with the first 12 in Quebec.
Following a review by the Canadian government to see whether Target's "cultural" sales contain enough Canadian content, the Minnesota-based retailer Friday was given an OK to open stores in the country. With the approval, Target plans to open at least 125 stores in Canada starting next March.
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