Target to open 42 new stores

MINNEAPOLIS Target announced today that 42 new Target stores will officially open Sunday, bringing the number of U.S. stores to 1,537. California will see the most new stores (7), followed by Florida with 5, and Pennsylvania with (4).

Target Corporation today reported net earnings for the first quarter ended May 5 of $651 million, or 75 cents per share, compared with $554 million, or 63 cents per share in the first quarter ended April 29, 2006, representing a 19.6%  increase in earnings per share.