Also from Herb Sorensen, Ph.D....
TNS Global Retail & Shopper Practice
Thinking About Merchandising
Whitepaper (PDF)
July 28, 2010
FROM RETAILWIRE:
After a 13-year wait, Target has opened its first store in Manhattan to packed crowds. The 174,000 square-foot store in East Harlem officially opened on July 25. How significant is Target's entry and early success with its first Manhattan store?
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Let's bear in mind that Walmart began as a small "country/small" town retailer in Arkansas. This is NOT a highly competitive market. But a great place to hone skills. Those skills are VERY relevant to big cities with highly competitive markets. Of course adaptation is necessary, but after blanketing the country, those adaptive skills have been honed, too. Go TARGET!!!