Target to Launch Small-Format Stores, Carry iPad
Minneapolis-based Target Corporation announced plans on Friday to build smaller Target stores in 10 U.S. cities, including somewhere in the Twin Cities, according to local media reports.
The company announced its plans for the new stores at a media conference in Minneapolis. The Pioneer Press reported that Target's first small-scale store will open in Seattle next year and St. Paul might also be in the running to get one.
The small-format stores will be between 60,000 and 100,000 square feet, which is about half the size of a traditional store, according to the Pioneer Press.
A Target spokesperson would not comment on the news, saying that the company “did not have details to share at this time.”
Also on Friday, Target announced that it would start selling Apple iPads in its stores beginning October 3.
Along with the iPad, a selection of accessories including cases, iBook and iTunes gift cards, and chargers will be available in Target's electronics department.
“Target is very excited to offer the revolutionary iPad to our guests nationwide,” Mark Schindele, senior vice president of merchandising at Target, said in a statement. “We are committed to providing our guests with the best products and we think iPad will be at the top of our guests' holiday shopping lists.”
Target-which operates a retail segment and a credit-card segment-now serves customers at 1,743 stores in 49 states nationwide and on its Web site. It is Minnesota's second-largest public company based on its revenue, which totaled $65.4 billion in its most recently completed fiscal year.