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Target Expands Retail Footprint with Massive New Atlanta Store
Target Expands Retail Footprint with Massive New Atlanta Store
22
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BTCCSquare news:
Retail giant Target (NYSE:TGT) is making a strategic pivot back to large-format stores, announcing plans for a 128,500-square-foot location NEAR Atlanta—its largest new opening in a decade. The Covington Town Center development will anchor what analysts describe as a 'retail ecosystem,' flanked by a Publix supermarket and multiple chain restaurants to drive foot traffic.
Market reaction remains muted despite the scale of the project, with shares edging up just 0.3% in early trading. The MOVE signals a departure from Target's recent emphasis on urban small-format stores, reverting to the big-box strategy that fueled its 2010s expansion.
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