Target going even smaller with small-format stores

Target Corp.’s small-format stores have been one its biggest wins in recent years, letting the retailer push into neighborhoods where it wouldn’t otherwise be able to compete. In the coming year, Target plans to go even smaller, introducing a store of about 6,000 square feet, half the size of its smallest location so far.

Minneapolis-based Target (NYSE: TGT) announced the smaller-format plan — one of several strategies executives touted as the retailer looks to keep growing in a rapidly changing…