Target continues to take advantage of vacated department store spaces to expand its presence in the Northeast.
After recently opening a new three-level store in the former J.C. Penney location at Macerich’s King’s Plaza in Brooklyn, one of the most highly valued retail brands in the world has just signed another lease with the big mall owner to fill the former Sears space at its Danbury Fair property in Connecticut. Target opened nearly 30 new stores in the United States during the height of the pandemic in 2020 to 2021, taking its total to 1,926 last year.
“Target coming to Danbury Fair is the latest anchor-replacement success for Macerich’s A-quality portfolio of regional town centres,” said the company’s President, Ed Coppola.
In the past year, Primark took over vacated department store spaces at Macerich’s Green Acres Mall on Long Island, Tysons Corner Center in northern Virginia, and Fashion District Philadelphia. Macerich has made similar replacements in the west, too. In May, the retail giant announced a Scheel’s All Sports will replace a former Nordstrom department store at Chandler Fashion Center in Arizona.