Target to open 30 stores, remodel 325 stores in 2018

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Target will open approximately 30 “small-format” stores while remodeling more than 325 stores this year.

Target Corp. today announced that its comparable sales in November and December grew 3.4 percent, compared with the expected range of 0 to 2 percent. Target now expects 2017 will be the fourth consecutive year in which its digital sales grow more than 25 percent.

» MUST-READ RETAIL NEWS: Target will offer SAME-DAY delivery after acquiring Shipt Inc.

“As we look ahead to 2018, we will build on the foundation we established this year by launching additional exclusive brands, enhancing our digital capabilities, opening approximately 30 small-format stores and tripling the size of our remodel program to more than 325 stores,” the company announced this week.

The retailer is also focused on "rapidly" scaling up new fulfillment options including same day delivery, which will be enabled by Target's acquisition of Shipt.

“We’ve positioned our stores at the center of a continually expanding suite of convenient fulfillment options and made significant investments in our team, which enabled our stores to fulfill 70 percent of all digital orders in the November/December period,” said Brian Cornell, chairman and chief executive officer of Target.

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