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Feb. 25, 2021, 10:54 a.m. EST · CORRECTED

Target to double the size of Apple shops in its stores

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By Tonya Garcia

A previous version of this report misstated the change Target is making to the Apple shops. It has been corrected.

Target Corp. /zigman2/quotes/207799045/composite TGT +0.93% said Thursday that it will double the size of Apple Inc. /zigman2/quotes/202934861/composite AAPL +2.02% shops in select stores. The retailer is also unveiling a new shopping experience for both store locations and its e-commerce site. The new experience will start rolling out this month with stores in 17 locations scheduled, including Gainesville, Fla., Miami, and San Jose, Calif. Additional locations are coming in the fall. Apple and Target have a 15-year relationship. Target stock has gained 70% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.77% is up 25% for the period.

/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 205.36
+1.90 +0.93%
Volume: 2.90M
April 9, 2021 4:02p
P/E Ratio
23.75
Dividend Yield
1.32%
Market Cap
$102.40 billion
Rev. per Employee
$228,756
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 133.00
+2.64 +2.02%
Volume: 106.69M
April 9, 2021 4:00p
P/E Ratio
35.95
Dividend Yield
0.62%
Market Cap
$2232.73 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,128.80
+31.63 +0.77%
Volume: 0.00
April 9, 2021 5:15p
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