Target thinking small is best for store expansion

More smaller, “flex-format” stores are in Target’s future.



Target Corp. CEO Brian Cornell sees the chain eventually opening hundreds of smaller “flex-format” stores, he told reporters Wednesday prior to the company’s fall national meeting at its Minneapolis headquarters, Bloomberg reported.



Target has opened 23 smaller stores in major cities, with plans to add nine more this year, including one in the Tribeca section of downtown Manhattan.



The retailer plans to open at least 16 flex-stores in 2017.