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Target stores to be larger and greener as prototypes rolled out

Target Corp. (NYSE: TGT) is set to deploy two larger-store prototypes in 2008 that will apparently be bigger than current Target locations and green certified as the company promotes a more environmentally conscious shopping experience to its customers.

In terms of more greener stores, Target joins larger competitor Wal-Mart Stores, Inc. (NYSE: WMT), which recently held a company-wide meeting where 'being green' was the central theme of the show. One of the prototype locations will be a general merchandise store and one will be a SuperTarget location -- and both are scheduled to open in October. Both will feature added space for consumer electronics as well as grocery items.

If all goes well with the new Target prototypes, the discount retailer plans to deploy the prototype designs at more than 100 locations in 2009. Target rolls out prototype designs every four to five years to keep the consumer shopping experience fresh. There's a competitive edge: there are not too many (if any) national retailers I know of that change store designs on a large scale on such a frequent basis.

Best Buy (BBY) to start building 'green' store locations

Best Buy, Inc. (NYSE: BBY) just can't let a week go by without announcing some corporate initiative that grabs headlines. Let's add one to the top of the pile: the largest consumer electronics retailer in the U.S. says that is wants to begin building new stores using "green" concepts soon. These new stores will use environmentally friendly energy strategies to cut down on power consumption, with a goal of cutting energy use in these stores by a third. Stores with the new design would be opened sometime in the second half of 2008, according to Best Buy officials.

That's no small amount. A 33% reduction in power consumption for large-format retail stores not only will save Best Buy money over the long term, but will help the under-strain power grids in parts of the U.S. Best Buy is not the only retailer to have a "green" store strategy. General merchandise retailers Wal-Mart Stores, Inc. (NYSE: WMT) and Target Corporation (NYSE: TGT) also have in-place green strategies as well, from in-store lighting to eco-friendly packaging requirements from its suppliers.

Where is Circuit City Stores, Inc. (NYSE: CC) when a good piece of PR is needed, though? Nowhere to be found, apparently. Circuit City is trying to imitate Best Buy's success but has not come close to exactly replicating it. If the retailer wanted some good press coverage for a change, it could replicate Best Buy's strategy here and look into energy-efficient lighting, buildings made from recycled materials (if it ever opens new stores), and new day-lighting systems that don't waste energy during daytime hours. But then again, Best Buy is making adjustments to existing stores to bring them more into the "green." Can Circuit City follow behind that one? Mr. Schoonover should consider it.

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Last updated: November 27, 2009: 05:50 AM

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