PRINT THIS STORY:

CHANGE TEXT SIZE:

IN BRIEF

600 more Targets in five years

Target Corp. says it plans to open about 600 stores over the next five years. Minneapolis-based Target currently operates 1,331 units, including 141 SuperTarget grocery stores. About a quarter of those new units will be SuperTargets, said Target President Gregg Steinhafel at the annual shareholders’ meeting in mid-May. “We believe that there is still a very large market for our stores,” he said. Indeed, Target could double the number of its stores and triple its volume of merchandise before it would exhaust its growth potential in the U.S., said Robert Ulrich, the company’s chairman and CEO. With so much room to grow domestically, Target has no immediate plans to expand overseas, the officials said. Wal-Mart Stores, Target’s chief competitor, operates 3,719 U.S. stores.

Marshalls, HomeGoods double up

TJX Cos. opened a Marshalls & HomeGoods superstore in May at Harmon Meadow, a power center in Secaucus, N.J., owned by Hartz Mountain Industries, also of Secaucus. The 70,000-square-foot store combines the family apparel, gifts, home fashions and accessories of Marshalls with the furniture and housewares offerings of HomeGoods. This is the second such format in the country. The first opened in Miami last year, says the company.

Big Apple, Big Adidas store

Adidas America, Portland, Ore., opened its largest Sport Performance Store, in New York City, in May. The 29,493-square-foot store offers the complete Adidas Sport Performance range of products, including shoes by designer Stella McCartney. The store’s minimalist design includes black-and-white walls and furniture, and racks that resemble weight-lifting bars. Shoes are displayed on track-and-field starter blocks. Parent company Adidas-Salomon, based in Herzogenaurach, Germany, operates about 15 Performance Stores worldwide, including units in Las Vegas; Marseille and Toulouse, in France; Lisbon, Portugal; and London.

Jos. A. Bank pilots airport store

Jos. A. Bank Clothiers opened its first airport store at Baltimore’s BWI Airport as part of its plan to open about 70 stores this year. The Hampstead, Md.-based men’s apparel retailer says it plans to increase the number of its stores over the next three to four years from 279 in 37 states and Washington, D.C., to about 500.

BJ’s to expand

BJ’s Restaurants named Jerry Deitchle CEO and announced expansion plans. The Huntington Beach, Calif.-based chain, formerly Chicago Pizza & Brewery, operates 38 casual-dining restaurants, mainly in Arizona, California, Colorado, Hawaii, Nevada, Oregon and Texas. The units operate under the names BJ’s Pizza & Grill, BJ’s Restaurant & Brewery and BJ’s Restaurant & Brewhouse. The company also makes its own beer in 10 breweries.

Wal-Mart to open ‘green’ store

Wal-Mart Stores says it will unveil its first store designed to minimize impact on the environment. The new store, a Supercenter, is one of two experimental units that will incorporate features to conserve energy and water, the company says. Some of the electricity used at the Supercenter, scheduled to open next month in McKinney, Texas, 32 miles north of Dallas, will be wind-generated. The landscaping will feature water-efficient greenery that uses half the water of traditional plantings. Wal-Mart is also working on an environment-friendly design for a store in Aurora, Colo., and says it may continue the practice at future stores. This initiative follows other environmental steps the chain has been taking lately. In April Wal-Mart launched “Acres for America,” a program that will commit $35 million toward preservation of at least one acre of wildlife habitat for each acre it uses for store construction.

© 2008 ICSC. All rights reserved. | Terms and Conditions | Privacy Policy | Contact ICSC | ICSC Home |