Target goes hunting in Silicon Valley

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By Alistair Barr, Reuters

“(Reuters) – Target Corp (TGT.N) said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.

Target’s Technology Innovation Center is run by David Newman, an executive who spent six years at the online business of Wal-Mart Stores Inc (WMT.N), which has had a major presence in Silicon Valley for several years.”

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