• Chain Store Age, Friday, June 15, 2012 10:30 AM

Target's annual meeting was held in a CityTarget store in downtown Chicago. Last year, Target set a record and remodeled 400 stores to its PFresh format which features expanded food and consumables. The program, now in more than 1,000 of the company’s former general merchandise stores, has begun to decelerate with 230 remodels planned for this year. New store growth is ticking up to between 20 and 25 stores. The CityTarget in Chicago will be joined next month by one in Los Angles and Seattle. They will be followed by October openings in San Francisco and a second Los Angeles location. A third Los Angeles location will open in 2013 along with a location in Portland, Ore.

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