Key Points
- Target also says it’s still on pace to open 30 small-format stores across the country each year.
- The
company expects to complete 300 additional store remodelings in 2020,
putting it on track to remodel at least 1,000 locations out of its fleet
of more than 1,800.
- Target’s latest earning report shows how
these investments are driving traffic and sales at a time when other
retailers are struggling.
Target is surpassing major milestones this week on its store investments, days after the retailer reported earnings that blew past analysts’ estimates and sent its shares surging to new highs.
Target announced Friday it has opened its 100th small-format location and finished remodeling its 500th location since it unveiled a $7 billion investment plan in 2017...
RSK: I like Target and they seem to keep up and even precede trends.
Ken Notes: Small is the new big as retailers see growth in smaller markets. Look at the Dollar General numbers...
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- - Volume: 7 - WEEK: 35 Date: 8/27/2019 6:18:15 AM -