Target Will Remodel 1,000 Stores To Fend Off Wal-Mart
by Matthew Boyle, Bloomberg
Posted: 2017-10-20 15:58:57 EST

Target Corp. is stepping up its plan to remodel stores and push into more city centers, a bid to regain its cachet and fend off incursions by Wal-Mart Stores Inc. and Amazon.com Inc.

The strategy includes opening dozens of smaller stores in places like New York, Los Angeles, Chicago and Philadelphia -- and pairing those locations with web-friendly services like same-day delivery. On Thursday, Chief Executive Officer Brian Cornell helped unveil a store in Manhattan’s Herald Square, its eighth in the Big Apple, not far from the Macy’s Inc. flagship.

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