The Ratings Game: Target is adding stores, but analysts say they should be cutting locations instead

Target has announced a multibillion-dollar overhaul of the business that will include store redesigns and other changes.

While much of retail is focused on scaling back the brick-and-mortar footprint, Target Corp. said on Tuesday that its stores, both existing ones and the small-format stores to come, will be critical to the growth of the company’s business. But analysts wonder if the company should consider some closures in order to free up funds for the many projects the retailer has planned.

During the company’s financial community meeting, which took place shortly after the release of the retailer’s fourth-quarter earnings, Target TGT, -1.60% outlined its strategy for the future, which includes a $7 billion investment over the next three years.

>>> Original Source <<<