Target’s Next Frontier: Convenience Stores And Alcohol Pickup

Still benefitting from the momentum from a years-long effort to spruce up its merchandise and stores, Target is zeroing on its next big retail push: convenience stores. The discount retailer’s top executives told Wall Street analysts at its annual strategy update on Tuesday that its 100 smaller format stores, typically 30,000 square foot—a fraction of the traditional Target’s size—have proved to be such a boon that Target will test out an even smaller 6,000-square-foot model. That’s about the size of a Dollar General store or a convenience store. The idea would be to allow Target to nestle into smaller spaces in densely populated centers of cities like New York, Philadelphia, and Chicago, as well as near college campuses. Read more at Fortune.