Cut-price retailer Target Corp has extended its licensing deal with apparel maker Mossimo Inc for an extra two years until 31 January 2008.
 
Mossimo and Target, which operates 1,313 discount stores throughout the US, signed their original agreement in March 2000.

Under the deal Mossimo provides design services and licenses the Mossimo trademark to Target in the US in exchange for license royalties and design service fees.

Financial terms were not disclosed.