STORE SPACES

Target is ‘charging’ up

BY Marianne Wilson

Target is accelerating its electrical vehicle initiative.

The discounter currently has electric vehicle charging stations at 18 sites across California, Hawaii, Minnesota, North Carolina and Texas. It’s expanding the effort to more than 600 parking spaces at over 100 sites across more than 20 states.

Target said that charging stations will also be a feature that it will considers when it evaluates new stores and their associated parking footprints.

“Accelerating our efforts to install new charging stations at Target stores across the country is one way we’re building on our commitment to investing in solutions that leave our communities better for future families,” said John Leisen, VP, property management, Target. “And it’s an opportunity to work with industry-leading partners to bring a more convenient shopping experience to guests as we look to design lower-carbon solutions throughout our entire operation.”

Target’s partners in the charging ramp up are Tesla, ÇhargePoint and Electrify America.

The electrical vehicle program are part of Target’s carbon reduction efforts. In other example, the company supports renewable energy by offsetting a portion of its energy needs with solar and wind power. It is on its way to having 500 stores with rooftop solar panels by 2020, and working toward a goal to be 100% renewable overall.

In recognition of its efforts, Target is a three-time Energy Star Partner of the Year. Also, the Solar Energy Industries Association has named Target the top corporate solar installer in the U.S. two years in a row.

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Marijuana goes upscale in Big Apple with high-design store

BY CSA Staff

A rising marijuana retailer has opened a stylish-looking store in a pricey real estate district.

MedMen has made its Manhattan debut, opening a medical marijuana dispensary on Fifth Avenue, across the street from Lord & Taylor. The 2,000-sq.-ft. shop has a sleek, upscale design with an overall aesthetic that recalls an Apple Store, reported CNBC, complete with red-clad “geniuses” and iPads.

Click here to read more.

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T.The Best Real Estate School in Florida says:
Apr-26-2018 08:09 am

Marijuana was destined become legal and mainstream. Eventually, all the old politicians that keep voting against it will be dead and the elected officials will be the millenials of today.

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Report: Pier I to give stores a makeover

BY Marianne Wilson

Pier I Imports is updating the appearance of its stores as part of its new three-year turnaround plan.

The retailer plans to redesign all its stores, with a more toned-down vibe and neutral palette that will offer a more modern, less busy- look and allow the merchandise to stand out, reported Forbes.  Pier I expects to roll out the redesign, which has already been implemented in the Dallas-Fort Worth market, this fall.

Pier I revealed the details of its plans the day after it reported disappointing results for its fourth quarter and full year. Commenting on the results, Neil Saunders, managing director of GlobalData Retail, said the poor performance of its stores was dragging Pier I down.

“Regarding the nature of the stores, while we recognize that improvements have been made to the layout, we maintain our view that the proposition is not as clear and compelling as it should or could be,” he said. “Pier 1 has some nice pieces, often at good price points, but these can be hard to find. Meanwhile, categories like furniture need more space if they are to be showcased properly. In short, stores are not terrible, but neither are they inspiring enough to drive visitation.”

Pier I ended fiscal 2017 with roughly 1,020 locations.

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