Seeking newly frugal shoppers, Target to open 27 new stores on Sunday

Aloha, Target (TGT). In an exceedingly rare bit of good news, the discount retailer announced earlier this week that it is celebrating the opening of 27 new stores on Sunday, including its first locations in Hawaii, as well as stores all over the continental US, including Rogers, Arkansas; Santa Clarita, California; Pensacola, Florida; Bethlehem, Georgia; Las Vegas, Nevada; Paramus, New Jersey; Cincinnati, Lebanon and Reynoldsburg, Ohio; Philadelphia and Exton, Pennsylvania; Houston, San Antonio and San Marcos, Texas; and Sun Prairie, Wisconsin. It's part of a bigger push by the chain to expand by 60 stores this year.

Kohl's (KSS), another big discounter, plans to open 55 new stores in 2009. Retail sales may be plummeting -- most big chains announced their February results yesterday and they weren't pretty -- but that's not stopping these companies from trying to seize market share.