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Target Announces Store Growth Plans for 2015

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Target Corp. (NYSE:TGT) will open 15 stores in 2015, including three distinct store formats: eight TargetExpress locations, one CityTarget and six general merchandise stores. Target’s strategic store growth is focused on reaching guests in urban centers with new formats like TargetExpress and CityTarget, while also offering new experiences, merchandising layouts and innovations in its general merchandise stores.

“Our store growth looks different today than it did five years ago, driven by guests’ expectations for ease and personalization in their shopping experience. Smaller formats like TargetExpress and CityTarget offer customized assortments and services to meet the needs of guests who are increasingly moving into urban centers. In our general merchandise stores, we’re embracing a test and learn philosophy, innovating with layouts and experiences and bringing digital and bricks and mortar together like never before,” said Tina Tyler, executive vice president and chief stores officer, Target.

TargetExpress
In addition to previously announced openings in San Francisco, San Diego and St. Paul, Minn. Target plans to bring two TargetExpress stores to the greater Washington, D.C. area and one to Chicago. The retailer’s newest and smallest format at approximately 20,000 square feet, TargetExpress provides an exceptional quick-trip shopping experience that is distinctly Target. The varying size and locations of these stores will enable Target to create a unique store experience and curated merchandise assortment localized for each community. Target will continue to test TargetExpress stores to learn more about operating small format locations and further enhance and customize the guest experience. Target currently operates one TargetExpress location in Minneapolis, which opened in July 2014 and has already made adjustments based on guest feedback and operational insights. For example, the assortment was expanded to include baking supplies, belts, sunglasses, jewelry and select apparel items, including C9 items. Beyond 2015, Target is exploring a number of opportunities to bring TargetExpress to select major markets across the country, including the greater Philadelphia area, Los Angeles, the greater Washington, D.C. area, Chicago and the San Francisco Bay area.

CityTarget
In 2015, Target will open its first East Coast CityTarget store in Boston near the Fenway ballpark, followed by a location in Brooklyn, N.Y. that will open in 2016 in the City Point development. CityTarget debuted in 2012 to bring the Target experience to urban guests, who have an affinity for great design and great value, but previously had to travel outside the city to one of Target’s suburban store locations. CityTarget offers an edited assortment of its best-selling merchandise with urban dwellers in mind. Smaller pack sizes and a curated assortment mean these guests can easily carry home a smaller package of paper towels or shop for an apartment-scale bistro set, rather than a larger, six-piece patio set designed for suburban dwellers. CityTarget stores are typically smaller than traditional Target stores, ranging in size from 80,000-160,000 square feet, and are some of its highest traffic locations in the company. There are currently eight CityTarget stores, including three in Los Angeles, two in San Francisco, one in Seattle, one in Portland, Ore. and one in Chicago.

General Merchandise
Target continues to innovate with its general merchandise stores, testing new layouts and merchandise assortments to provide guests with a great shopping experience that brings convenient, easy, personalized options. For example, the Fort Worth, Texas store will feature Target’s home product assortment in a lifestyle setting to stop guests in their tracks and allow them to imagine how products might look in their own homes. Additionally, the new Oahu-Kailua, Hawaii store will offer merchandise from approximately thirty local vendors to provide relevant merchandise for guests.

Community Programs and Partnerships
With each new store that Target builds, the company brings its legacy of giving to the local community through the programs and partnerships it supports. In 2015, Target will continue to sponsor numerous programs as part of its commitment to building strong communities including: Take Charge of Education; food donations; disaster response and relief; United Way Workplace Giving; National and Regional Days of Service; team member volunteerism; walks with national partners, including St. Jude and American Cancer Society; and, local giving by individual stores through GiftCard grants and a Community Engagement Fund.

A Great Place to Work
Target prides itself on being a great place to work and offers a dynamic, team-oriented culture focused on delivering excellent guest service. Interested candidates may begin to apply for store positions approximately three months prior to the store-opening date in any of the following ways:

  • Online at Target.com/careers
  • At kiosks located in all Target stores across the country
  • At a local job fair held prior to the store opening date

2015 Store Openings
The full list of 2015 store locations is below.

TargetExpress
San Francisco 225 Bush Street March
Berkeley, Calif. 2187 Shattuck Avenue March
St. Paul (Highland Park), Minn. 2080 Ford Parkway July
San Diego (South Park) 3030 Grape Street October
Target plans to open four additional locations: one in the San Francisco Bay area, two in the greater Washington, D.C. area and one in Chicago.
CityTarget
Boston 1341 Boylston Street July

General Merchandise

Westwood, Mass. 221 University Avenue March
Maui-Kahului, Hawaii 100 Hookele Street March
Oahu-Kailua, Hawaii 345 Hahani Street March
Lake Bluff, Ill. 975 Rockland Road July
Fort Worth, Texas 8917 Tehama Ridge Parkway October
San Diego 17170 Camino Del Sur October

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,790 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, that giving equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit ABullseyeView.com or follow @TargetNews on Twitter.

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