Target Downsizes Its 2020 Store Remodels Due to Coronavirus

Target (NYSE: TGT) has been remodeling hundreds of stores each year. The changes update the store to make them better fit the chain's changing merchandise (including its many owned and operated brands) while doing things like putting grab-and-go items in the front of the store in markets where that's appropriate.

Now, with coronavirus forcing the retailer to focus on keeping its supply chain working and its customers supplied, Target has decided to postpone many remodels planned for 2020.

Image source: Target.

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Source Fool.com