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Target Unveils Larger Store Format; John Mulligan Comments

Target Unveils Larger Store Format; John Mulligan Comments


MINNEAPOLIS, MN
Tuesday, November 15th, 2022

Retail evolution is on the table for Target, as the company recently rolled out its newest store strategy. The chain is implementing a new store design to its portfolio, which was created to better serve its guests and team members and drive continued growth.

John Mulligan, Executive Vice President and Chief Operating Officer, Target“Target’s stores are at the heart of how we deliver for our guests, whether they browse the aisles, shop online, or stop by for same-day services like Order Pickup and Drive Up,” said John Mulligan, Executive Vice President and Chief Operating Officer. “Guests and team members tell us they come to Target because they feel inspired, connected, and welcomed. With our reimagined store design and larger store footprint that better supports our same-day services, we can give guests more of what they love while incorporating features that build on our commitment to sustainability, community, and helping all families discover the joy of everyday life.”

These new larger-format stores optimize additional space and new design elements. At nearly 150,000 square feet of space, Target’s newer locations are more than 20,000 square feet larger than the chain average. According to the release, the retailer will continue to open stores of all sizes as it focuses on this larger footprint in the next few years.

Recently, Target revealed its newest store design created to better serve its guests and team members and drive continued growth

Years of research and learning went into creating both the updated store design and evolving Target’s store strategy to debut the newly expanded footprint. These larger stores will offer guests Target’s wide assortment of merchandise offerings, support the retailer’s popular same-day fulfillment services, and deliver on its stores-as-hubs strategy for digital fulfillment. Shoppers will find the retailer’s recently debuted new store design and larger store format outside of Houston, Texas.

With a more optimized store size, shoppers can expect expanded food and beverage, exclusive brand partnerships, and a curated mix of owned brands and national brands that continues to differentiate the retailer and build guest loyalty.

For more details on the strategy, check out the full press release here.

Deli Market News will keep an eye on the wire for the latest retail news, so stay tuned.

Target
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