LEXINGTON, Ky. (April 18, 2018) – Target will open a small-format store near the University of Kentucky campus, which will be the retailer’s first small-format store to open in the state.
Target has signed a lease with Core Spaces, subject to permit approvals, for the UK store that is anticipated to open in summer 2019. The small-format store will occupy the ground floor of Hub on Campus Lexington, a luxury apartment complex, located at 500 South Upper Street.
Target’s strategic priorities include reaching new guests by expanding small-format stores near college campuses, urban areas and dense suburban neighborhoods. Target’s small-format store assortments are tailored to meet the needs of local guests. The retailer is on track to operate 130 small-format stores by the end of 2019, serving new guests in communities and neighborhoods where a traditional-sized Target store may not fit. Guests who shop Target’s existing small-format stores have responded well to having these customized shopping experiences available in their neighborhoods.
“Our first small-format store in Kentucky will offer UK students and area residents a convenient, one-stop shopping experience that is uniquely Target,” said Mark Schindele, senior vice president of properties with Target. “Target continues to add locations near college campuses to help make students’ shopping experience fun and easy, and we look forward to enhancing the college life experience for the Wildcat community while also providing a new retail option for near-by residents.”
At approximately 20,000 s.f., the store will offer students and residents a quick-trip shopping experience with a curated assortment mix, including:
• A food and beverage selection with a focus on wellness offerings, including fresh produce, grab-and-go items, snacks and meal solutions
• A curated assortment of dorm and apartment essentials
• Apparel and accessories for men and women, including offerings from new Target-exclusive brands Universal Thread and Goodfellow & Co.
• Portable technology products and entertainment accessories
The store’s Order Pickup service will offer even more convenience and added security with the ability to buy online and pickup in store. More than 95 percent of Order Pickup orders are ready in less than an hour for guests at their local Target store.
The UK store will employ approximately 45 team members. Target is an employer that values the individuals who come together as a team to serve guests in the community and provides team members with opportunities to build and develop skills for their careers. Target offers market competitive wages to our team members in cities across the country and recently increased its minimum hourly wage to $12, with a commitment to reach $15 an hour by 2020. This investment in the team will allow Target to continue to recruit and retain strong team members and provide an elevated experience for its guests and in the communities it serves.
“We’re thrilled to partner with Target to deliver the first small-format store in Kentucky. Hub on Campus Lexington is designed to offer an exceptional housing option to University of Kentucky students and residents. Having Target on the first floor not only provides a convenient, one-stop shopping experience for our tenants, but also adds great value to our unique amenity mix,” said Chad J. Matesi, executive vice president of development at Core Spaces.
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