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Target building DC in Texas

BY Staff Writer

New York City — Target Corp. is building a distribution center in Denton, Texas, the Dallas Business Journal reported.

The 360,000-sq.-ft. center is expected to open in March 2013.

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Cabela’s announces new credit facility

BY Staff Writer

Sidney, Neb. — Cabela’s Inc. announced the signing of a new credit facility with a consortium of financial institutions led by U.S. Bank.

The new $415 million, five-year credit facility replaces Cabela’s existing $350 million, five-year agreement signed in 2007. Additionally, the new facility may be increased to $500 million subject to certain terms and conditions.

“The new facility provides us with long-term financing flexibility as we continue to expand our retail store footprint, increase brand loyalty through the operations of World’s Foremost Bank, focus on direct channel growth and increase our market share,” said Tommy Millner, Cabela’s CEO.

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Safeway raises $14M for breast cancer research

BY CSA STAFF

PLEASANTON, Calif. — Safeway has announced its stores raised $14.5 million in October for breast cancer research. The company thanked its customers and employees for their commitment to finding a cure for the most common form of cancer for women.

"We continue to be humbled by the generosity of our customers and the commitment our employees have for the cause," said Larree Renda, EVP Safeway and chair of the Safeway Foundation. "This kind of fundraising outcome will have a real and measurable impact on the science of finding a cure."

During the last 11 years, Safeway and its nearly 1,700 stores — including Vons, Pavilions, Dominick’s, Tom Thumb, Randalls, Genuardi’s, Carrs and Pak ‘N Save — have raised more than $108 million for the cause.

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