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.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews