In comparison to the huge stores it usually opens, this is considerably smaller. This smaller store will be part of the chain’s new strategy. It’s hoping to open around 30 small-format stores per year during the next few years. Even so, a new 80,000 square feet store is planned this season in Hyannis Port’s Cape Cod Mall. As is a 27,000 square feet store in the Field’s Nook area on Geneva Avenue. Not to mention a 40,000 square feet store near the North Quincy MBTA Station in Hancock Street. So the bigger store concept is still alive and well. But obviously, changes are now expected in the future.
The small Beacon Hill Store will be on the same design as the bigger stores. But it will provide a more localized shopping experience for customers. Taking the needs of local shoppers into consideration will be the mission of this new Target store. In a publicly issued statement, Target said that the smaller stores will have many of the same categories that you can find in the larger stores. Yet, the selection of goods available would be by the shopping needs of the local community. This is owing to the fact that there are some places where the ‘big store’ concept doesn’t fit. That’s agreed. Many shoppers would agree, though, that smaller stores can serve their needs as well. In fact, some shoppers feel lost in the bigger concept stores and avoid them. Smaller stores can provide a more personal shopping experience.
A concept store is one that sells a carefully selected range of goods. The type of goods are based on a particular idea to provide a certain type of shopping experience. The Beacon Hill Store which Target is opening is meeting the needs of local residents. It's a concept store rather than being a general store, the Beacon Hill store. It might not suit shoppers from another neighborhood. That’s okay. As the smaller store becomes more widespread, Target will open such stores where there's a requirement.
News in the same category
Amazon has announced that it will open a branch of its Amazon Go supermarket chain in New York City. This will be the fourth Amazon Go branch, and the first to be opened outside Seattle, Washington.
The announcement was made at the beginning of this year and it is now confirmed: two small Target stores will open next year in Philadelphia.
That's good news for 99 Cents Only: after a struggling phase, efforts have paid off and the bargain stores chain is back to positive.