Category Archives: Money

Target to Open Another 14 Small-Format Stores

Target (NYSE: TGT) has decided to open more small stores at a time when its major competitor has backed away from that concept. The retailer plans to launch 14 smaller-format locations in 2016, building upon the 20 it already has. These stores will generally be located in city environments where one of Target's traditional 100,000-square-foot locations wouldn't fit, but a store with a footprint in the 20,000-square-foot range and a targeted selection of merchandise could fill a need.