Most of the news about the largest retail chains in recent months has been about plans for smaller-footprint outlets.
This week, Target disclosed that its expansion plans are focused on its largest stores. CEO Brian Cornell said in an earnings call that the retailer is planning to open 300 stores within the next 10 years, with most of them full-sized.
"We're excited about the pipeline. It will be more larger size stores, there will be broader food offerings and we're going to be moving into trade areas where we can pick up incremental volume and market share," Cornell said.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
