MINNEAPOLIS — Target Corp. on Friday said it will unveil 10 smaller, urban footprint stores in 2012, with the first unit bowing in downtown Seattle, just two blocks from Pike’s Market.
The announcement was made during a media conference held at Target Field here, home of the Minnesota Twins. John Griffith, executive vice president of property development, said the size of the stores would be 60,000 square feet to 100,000 square feet. That’s roughly half the size of a typical Target, which ranges from 125,000 square feet to 180,000 square feet.
Griffith said after Seattle, the urban prototype will roll out to San Francisco, Los Angeles, Chicago, Boston, New York, Philadelphia, Miami and the Washington, D.C., area.
Target didn’t discuss the type of merchandise the urban stores will carry, but it’s expected to focus heavily on food and essentials. “We’re trying to fit the Target to the market and not the other way around,” Griffith said.
The cities Target selected have large downtown populations with at least 100,000 people living within a two-mile drive of the store.
Target operates a handful of downtown sites, including Atlantic Terminal in Brooklyn and a new unit in Harlem that opened in July.
Target’s main rival, Wal-Mart Stores Inc., is planning its own aggressive push into urban markets with a new small format with 20,000 square feet of space, a fraction of the size of its Supercenters.
In other Target news, the 1,743-unit chain in June completed the remodeling of 400 stores and added grocery areas called P-Fresh to many SuperTargets.
After an initial test in Kansas City, a new credit card program that offers shoppers the opportunity to save 5 percent on each store visit rolled out to the entire chain, said Doug Scovanner, executive vice president of finance and chief financial officer.
Despite the difficult economy, Target’s sales for the first six months rose 4.7 percent, said Scovanner.
Target revealed one of its holiday promotions. The retailer invited 50 musical acts, from pop to choral to country, to submit an original Christmas song. Six songs will be selected for Target.com where consumers will be able to download them for free starting on Nov. 25.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)