March 6, 2018 / 7:37 PM / 3 months ago

BRIEF-Target To Raise Capital Investment To Over $3 Billion In 2018 - Conf call

March 6 (Reuters) - Target Corp:

* CEO - NEIGHBORHOOD STORES FULFILLED MORE THAN HALF OF OUR TOTAL DIGITAL VOLUME - CONF CALL ‍​

* CEO - RAISING STARTING WAGE TO $12 AN HOUR THIS SPRING - CONF CALL ‍​

* CEO - EXPECTS 325 MORE STORES TO BE REMODELED IN 2018 - CONF CALL ‍​

* CEO - TO OFFER FREE TWO DAY DELIVER ON “HUNDREDS OF THOUSANDS OF ITEMS” ON WEBSITE - CONF CALL ‍​

* CEO - CO TO EXPAND SAME-DAY DELIVERY SERVICE FROM MANHATTAN TO ALL 5 BOROUGHS AND SEVERAL OTHER BIG-CITY MARKETS‍​

* STORES WILL BE OUR PREFERRED SHIPPING POINT OF DIGITAL ORDERS IN THE LONG RUN - CONF CALL

* TO RAISE CAPITAL INVESTMENT TO OVER $3 BILLION IN 2018 - CONF CALL

* THE YEAR’S EXPECTED DECLINE IN OPERATING MARGIN RATE WILL BE DRIVEN ENTIRELY BY $175 MILLION INCREASE IN DEPRECIATION & AMORTIZATION Further company coverage:

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