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Bright Spot: Target to Open 27 Stores on Sunday


This blog has been so littered with troubling news lately that I'm finding it necessary to really try and celebrate any positive announcement. Today we have news from Target about a mass opening it will undertake on Sunday when 27 new stores debut.

Target Corp. said Tuesday it will open 27 stores across 15 states on Sunday, including the chain's first two locations in Hawaii.

The discount retailer said the stores will hold grand opening events on Sunday.

Six of the new stores will be SuperTargets, featuring full grocery offerings as well as general merchandise, and employing 200 to 300 workers each, with about 186,000 square feet. Those stores will be in Kissimmee, Fla.; Canton, Ga.; Hillside, Ill.; and three Texas locations in Allen, Lewisville and Pflugerville.

The other 21 stores to open Sunday will offer general merchandise, with each employing 150 to 200 workers in about 128,000 square feet.

(Incidentally, In the monthly magazine, in March we started a feature called "Silver Linings of the Month" where we'll aggregate announcements like this. I figure it will serve as an informal barometer on the state of the recession. When we start having too many silver linings to choose from, it will be a very good thing!)

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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