San Francisco's City Target Store: An Urban Goldmine
Three -- We likely will not get it, but I want to see a breakdown of City Target versus regular Target sales. For instance, what has happened to the Daly City store since the Downtown SF City Target opened? And, when City Target opens at the old Mervyn's site, what will happen, sale-wise, if anything, to nearby locations?
If Target continues to extend the urban strategy, I guess we can assume success. To this point, it barely comes up on the company's conference calls. That's probably because there's not much to say. Same concept, different-than-usual location and slightly smaller stores. And, as I noted in December's City Target article , they really are -- and certainly feel -- slightly smaller:
On average, SuperTargets take up the most square footage at 177,291 apiece. Expanded food stores come in at 129,281 per. General merchandise stores run 119,084 square feet each. And CityTargets are not too far behind thus far at 102,800 square feet per location. Once inside you really cannot tell the difference between the stores, with SuperTarget the obvious exception.
I probably shouldn't expect a run-of-the-mill retailer like Target to do anything but mail it in. It knows it can drive revenue in places like San Francisco. So, at least from today's perspective, it sees no reason to break ground on anything but smaller stores. That's disappointing.
--Written by Rocco Pendola in Santa Monica, Calif.