Target Will Remodel More Stores to Fend Off Wal-Mart
- Retailer now expects to revamp 1,000 locations by end of 2020
- Target opens second Manhattan location, in Herald Square
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Target Corp. is stepping up its plan to remodel stores and push into more city centers, a bid to regain its cachet and fend off incursions by Wal-Mart Stores Inc. and Amazon.com Inc.
The retailer now plans to revamp more than 1,000 locations by the end of 2020, part of a sweeping overhaul of its operations. The Minneapolis-based company had previously said it was remodeling 600 stores by 2019.