3/26/2020
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Target, which like other retailers saw massive sales of essential goods and grocery items this month, says it will adjust its ambitious 2020 growth plans to deal with the new realities caused by the coronavirus outbreak. CEO Brian Cornell said Target would finish close to 130 store-remodeling projects this year, down from the 300 it planned, and also would open 15 to 20 smaller-format stores, as opposed to the 36 it had envisioned, with much of the work on both projects being shifted to 2021.

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