Target Slows Pace of P-fresh Remodels

Target said it would slow the pace of its remodeling efforts in 2012 after expanding the grocery offering in almost 400 locations last year.

MINNEAPOLIS — Target Corp. here said Thursday that it would slow the pace of its P-fresh remodeling program in 2012, with only 230 stores scheduled for a revamp that greatly expands the grocery offering in traditional Target stores.

That number is down from almost 400 P-fresh remodels in 2011, the company said during its fourth-quarter earnings call with investors.

Gregg Steinhafel, chair

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