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Target inches closer to 2,000-unit mark with upcoming store launches

Published: October 3, 2024
Author: HFT

Four of Target’s new store openings this month are large-format establishments that are larger than their typical 125,000 square feet.

Target intends to open more than 300, largely full-sized shops over the next ten years, including the stores that are debuting with its redesigned layout and expanded area. Urban and smaller-format locales are also on the roster.

During Target’s 2024 financial community meeting in New York in March, business chairman and CEO Brain Cornell stated, “If you think store shopping will wind down any time in the decade, we’ll politely disagree – again.”

At the time, he pointed out that between two and three quarters of shopping still takes place in physical stores.

Target operated 1,966 total units as of August 3, the conclusion of the company’s second fiscal quarter. This month, it will open nine new locations, all of which will have formal grand debuts on October 13.

Among them are:

California

California, El Monte; 3610 Peck Road. With 319 sites across California, Target now has two new stores opening this year, the larger of which is 128,000 square feet.

Delaware

Middletown, Delaware; 361 Middletown Warwick Road. The state’s sixth Target location is located in this 147,000-square-foot store.

Florida

Miami, Florida; 249 NW 6th St. With its 50,000 square foot store in downtown Miami, Target now has 130 sites around the state.

Iowa

Waukee, Iowa; 900 SE Laurel Street. The company’s 22nd location in Iowa, the 148,000-square-foot store has one of the biggest footprints for new Target locations.

New York

Brooklyn, New York; 258 8th Street. Target currently has 107 sites in New York, and this year, three new stores have opened there, including the 25,000-square-foot location at Chelsea 23rd and 8th.

New York, NY; 123 West 125th Street. Target opened its 16th location in Manhattan with its 44,000 square foot store in Harlem.

Carolina

Carolina Pines, NC 305 Carolina Green Parkway. Target’s 147,000 square foot store is the company’s first in Southern Pines and its 54th in North Carolina.

Tennessee

Sevierville, Tennessee; Winfield Dunn Parkway, 840. The more than 148,000-square-foot property is Taret’s 31st in Tennessee and its first in Sevierville, Dolly Parton’s hometown and a popular destination in the Smoky Mountains.

Hawaii

Honolulu, Hawaii; 2345 Kuhio Avenue. Target’s 78,000-square-foot shop is the company’s tenth in the state.

37 locations—some of which have already opened and some of which are opening this month—are included in Target’s extensive list of impending store openings.

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