From the special retail issue: Although it’s been just a year since Target shuttered its 133 Canadian stores, the company has already moved on in a big way, namely rolling out “flexible format” locations in major cities, which means smaller, less traditional Target stores customized to meet the needs of urbanites, including carrying smaller pack sizes and locally relevant merchandise. Target’s senior vice president of store development, Mark Schindele, who works with a 50-person real estate team, answered The Real Deal‘s questions about where the resurgent retail giant is spending its money and its plans to open more than 20 new U.S. stores between this year and next. [more]
Top Target exec talks retail giant’s urban moves
Mark Schindele on how his firm spends money and its plan to open 20 new stores in the U.S.