Hardware Retailing

MAY 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

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May 2017 | HARDWARE RETAILING 91 A new store being built in Texas that is 126,000 square feet will offer customers products from categories such as apparel, baby, home, electronics, health and beauty and grocery. It will be the prototype for the massive store remodels that the retailer is planning, according to the Minneapolis/St. Paul Business Journal. Plus, store services include an optical department, a pharmacy, Target Mobile and order pickup. On top of revamping its existing locations, the retailer will be opening 30 small-format stores in 2017, which are primarily designed for urban markets and college campuses. By 2019, the company says it will operate more than 130 small-format stores. Unlike its typical stores that cover more than 100,000 square feet, the planned stores range in size from 20,000 to 50,000 square feet. The smaller stores will be more customized to the markets where they are located. Depending on the location and its shopper demographics, Target will vary the merchandise selections and services. For example, a small store set to open in July at the University of Florida will bring college students dorm essentials, apparel and accessories, local sports team clothes, health and beauty products, grab-and-go groceries and will also serve as a pharmacy and order pickup location. No matter the size of a Target location, the stores will remain just as important as e-commerce development, Cornell says in a press release. "The future of retail is digital," he said in his Shoptalk conference discussion. "And people will also be shopping in stores for a long time. So that means we need to keep investing in our stores to give guests every possible reason to shop." In addition to in-store pickup, Target will be using stores as fulfillment locations for local deliveries. "Think of a Target store of the future being a hyper local, shoppable distribution center," Cornell says. PLEASE VISIT US MAY 9 – 11, 2017 National Hardware Show Booth 7217 — Central Hall Carry-Home ® Coverall ® (80 0) 621 - 3345 ext. 222 • w w w.warpbros.com The Original Consumer Plasti c Sheeting

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