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current news

Target Goes Smaller for Cities

A Target store.
A Target store.

(Filed Under Financial and General Interest News). Target Corporation, known for its sprawling suburban stores of between approximately 135,000 and 174,000 square feet, is launching a smaller store concept for urban environments, called CityTarget.

Target announced Wednesday that the first CityTarget will open in Chicago’s newly-restored Carson Pirie building, now known as Sullivan Center. The company did not reveal the size of the store, which it plans to open in 2012 and expects to create about 200 jobs. Target currently has 10 other stores in Chicago.

“I applaud Target for bringing this urban store concept to Chicago, as well as the new jobs and economic opportunity this store will create,” Chicago Mayor Richard Daley said in a statement. “Target will be an important addition to State Street, one of Chicago’s most important retail centers, and will be located in one of the city’s most architecturally significant buildings.”

Minneapolis-based Target Corporations operates 1,750 stores in 49 states.

more Financial and General Interest News >>

Published 02-16-2011 by Amanda Torres Price

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