Target CEO Brian Cornell said Wednesday that he's "increasingly confident" the company will open "hundreds" of small-format stores, reshaping the big-box chain's image and real estate footprint.
"We think we have the opportunity to enter many, many new neighborhoods," Cornell said on a conference call.
Target is currently operating nearly 30 small-format locations, including a new 45,000-square-foot store in Manhattan's hip Tribeca neighborhood, where the retailer hopes to glean lessons it can apply to future stores.. . . more