Wednesday, October 18, 2017

Target continues small store push

Target's store in Uptown is one of about a dozen new urban stores the retailer is opening this week. This is the Fremont Avenue South and Lake Street entrance photographed on Tuesday, October 17, 2017, in Minneapolis, Minn.Target opened its first small-format store in 2014 in Dinkytown near the University of Minnesota. It has since opened dozens more around the country — including one in St. Paul's Highland Park neighborhood — placing them in underserved areas such as college neighborhoods or in dense urban and suburban areas where its bigger stores wouldn't otherwise easily fit.

These smaller stores, while still relatively few in number compared with Target's 1,800 big-box stores, are part of the retailer's growth strategy. The retailer is opening 32 new stores this year, most of them with the smaller format, and is planning to ramp up the pace in the next couple of years to 40 new stores a year.. . . more

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