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With the update of old stores, TGT also announced plans to expand its smaller format stores in urban environments, which currently comprises 32 of their 1,800 stores. Comparable-store sales are nearly double at the smaller format stores in urban settings compared to their bigger locations in suburban settings. The goal is to quadruple their small-format stores in urban areas by 2019. We are cautious on the idea of opening new stores at time when Target’s store sales are falling and most retailers are closing shops. Casey Carl is just one of many in the long list of executive-level departures that have hampered TGT stock over the past year. The head of human resources, grocery, digital and marketing, among others, have also left as pressure from falling sales continues to mount. With Target struggling with its financial performance and launching new initiative these executive departures could not have happened at a worse time. Those remaining with the company have faced cuts to pay and bonuses. Cornell received no bonus from the company and a one-third paycut .
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