Target To Spend $4B Per Year On Real Estate To Consolidate Pandemic Gains

 

Target just wrapped up a bumper year for sales and will now look to build on that momentum in a big way.

The retailer will look to spend about $4B per year for the next several years expanding and upgrading its real estate portfolio, Fortune reported. That outlay is driven by Target's sales growing by more than $15B in 2020, which is greater than the previous 11 years combined, according to the company's year-end fiscal statement.

https://www.bisnow.com/national/news/retail/target-to-spend-4b-per-year-real-estate-pandemic-gains-108001?utm_source=outbound_pub_46&utm_campaign=outbound_issue_46674&utm_content=outbound_link_8&utm_medium=email