Yes, Target is a chain of big-box stores, but the company sees its future in considerably smaller boxes. Instead of suburban stores of more than 100,000 square feet in the suburbs, all but one of the stores that Target has planned in 2016 and 2017 are small-format stores in urban areas across the country. [More]
If you’re looking for a photograph to illustrate how our economy has changed over the past few months, take a look at this. No, that’s not a parking lot in a town where everyone has the same taste. It’s the Port of Long Beach, where “thousands of cars worth tens of millions of dollars are being warehoused,” unwanted by the dealers who used to sell them. They’re imports — Mercedes-Benz, Toyota, and Nissan orphans.