US retailer Target Corporation said it plans to withdraw the listing of its common stock from NYSE Arca Inc, formerly the Pacific Exchange.

The company said it made the decision in the light of the increased fees associated with dual listings resulting from the NYSE Group's recent merger with Archipelago Holdings, the parent company of NYSE Arca.

Target's common stock will continue to be listed on the New York Stock Exchange while NYSE Arca will continue to trade Target stock on an unlisted trading privilege basis.

The company expects the withdrawal to be effective within the next month. It does not foresee any impact on its stock's liquidity.