Executive

Target announces changes to stores, suspends returns amid coronavirus

8 days ago   |   By Fashion United

Target Corp. said it will reduce the number of new small format store openings as well as store remodel projects scheduled for 2020 due to the challenging environment resulting from the coronavirus pandemic.
Providing an updated plan for its remodel program, the discount retailer said it now anticipates to complete about 130 remodels in 2020, down from the prior expectation of about 300. The retailer will complete all remodel projects currently underway and reschedule the remaining projects into 2021.
Target now expects to open only 15 to 20 new small-format stores in 2020, compared to the...
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