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Target selling office furnishings unit

BY Marianne Wilson

Minneapolis — Target Corp. is selling its Target Commercial Interiors (TCI) subsidiary, which provides office furnishings and related services for business and commercial clients, to Minneapolis-based Omni Workspace Company, commonly known as A&M Business Interior Services. A&M will operate TCI, which will be renamed on the completion of the acquisition, as a wholly owned subsidiary.

“Target Commercial Interiors has a rich history and a great track record with clients, but its business model is tailored to commercial customers. The decision to exit a business is always difficult, but we are thrilled that TCI will remain in Minneapolis,” said Target CFO John Mulligan.

TCI was founded in 1953 as Dayton’s Commercial Interiors, changing its name in 2004 shortly after The Dayton Company became Target. TCI supplies office furniture to Target’s Minneapolis headquarters and its other offices around the country, and will remain a vendor partner to Target.

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Target sells commercial interior business

BY CSA STAFF

Target is shedding an obscure division that many people didn’t even know existed, as CEO Brian Cornell continues with his transformation of the company.

The company announced it will sell Target Commercial Interiors (TCI), a subsidiary that provides office furnishings and related services for business and commercial clients.

Minneapolis-based Omni Workspace Company, more commonly known as A&M Business Interior Services, will acquire TCI and operate it as a wholly owned subsidiary. TCI will be renamed following the completion of the acquisition.

“Target is continuing to drive our transformation by focusing on our core businesses and putting our guests at the center of everything we do. Target Commercial Interiors has a rich history and a great track record with clients, but its business model is tailored to commercial customers. The decision to exit a business is always difficult, but we are thrilled that TCI will remain in Minneapolis,” said Target Chief Financial Officer John Mulligan.

“I’m looking forward to the future as we join forces with nearly 30-year partner A&M Business Interior Services to combine talented teams, industry expertise and a tremendous group of clients. My leadership team and I are committed to ensuring a smooth transition for our team and for Target,” said Mike Litwin, vice president and general manager, Target Commercial Interiors.

TCI was established in 1953 as Dayton’s Commercial Interiors, changing its name in 2004 shortly after The Dayton Company became Target Corporation. TCI supplies office furniture to Target’s Minneapolis headquarters and its other offices around the country, and will remain a vendor partner to Target.

Target currently operates about 1,795 stores.

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Starbucks ‘Express,’ New York City

BY CSA STAFF
Press ECS to exit
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Starbucks has unveiled its new “express” store format, just across from the New York Stock Exchange in downtown Manhattan. The 538-sq.-ft. space is one of the most streamlined in the company’s diverse portfolio.

The store is designed to provide a fast, convenient experience. Upon entry, customers are greeted by a Starbucks employee who takes orders with a handheld device. A digital menu board displayed on four low-glare monitors is positioned to the right of the entry. A set of menu options, tailored for New York customers, rotates on the screens. The display also serves as a form of art at night with glowing images of coffee farms shining through the front window.

Artwork made from hot-rolled steel with a black patina finish and a laser-etched coffee tree design hangs where the menu in a traditional Starbucks would be located.

Starbucks plans to open four more express format stores in New York in 2015.

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