August 26, 2019
This summer marks two big milestones for Target: The retailer cut the ribbon on its hundredth small-store format and surpassed the 500th store remodel mark.
"In 2017, we made a big bet on putting our stores at the center of how we serve our guests,” says Target COO John Mulligan in a press release. "Fast-forward to today, and our investments in small formats and remodels have allowed us to reach more guests than ever before with an easy and inspiring shopping experience, while offering industry-leading same-day services like Order Pickup and Drive Up around the country."
Target is on track to remodel 1,000 stores by the end of 2020 and plans to open about 30 small formats each year going forward, according to the release. It began piloting and testing the small-format store in 2012.