A third, small-format Target store will open in Anaheim, replacing a Kmart at 2222 E. Lincoln Ave. that’s closing in mid-July.
The 40,000-square-foot mini-Target is slated to open July 2018. According to the retailer, the store will include:
- groceries (fresh produce, grab-and-go items and meal solutions
- apparel and accessories for women, men and kids
- beauty, health and personal care products
- toys and sporting goods
- assortment of home items
- baby care items
- entertainment and electronics products
- CVS Pharmacy, Starbucks and online order pickup
“While retail continues to evolve, attracting a market leader like Target to Anaheim Town Square reinforces that good quality shopping centers which are responsive to the community will continue to succeed,” Sandy Sigal, president and chief executive of NewMark Merrill Companies, the owner of Anaheim Town Square, said in a statement.
Two other so-called mini-Target stores are planned for Orange and Irvine.
The smaller locations are a focus for Target, which wants to grow the brand in urban areas and college campus markets. The retailer plans to operate more than 130 small-format stores by the end of 2019.
The new stores are part of a $7 billion plan by Target to boost its bottom line after weak fourth-quarter earnings.
The retailer’s stock rose the most in six months Wednesday after its first-quarter…