It's certainly a smart move for Target to open smaller-format urban stores. The retailer just announced it will open up its first new concept in Seattle in 2012 and more of the 60,000-square-foot to 100,000-square-foot locations in 10 other metro areas over the next few years.
But what took it so long?
It's not as if it hasn't had its larger stores in places like Chicago and Brooklyn, NY for years. A smaller concept that can better fit in tight spaces in urban markets that have density and income just makes sense, even to those such as us, who certainly don't have a fraction of the retail smarts that Target execs possess.
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
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.
