Target has high hopes for its new tiny stores

Target (TGT), long associated with cavernous big-box stores for decades, plans to open hundreds more new locations in coming years, but some will be a fraction of the 140,000-square-feet of its typical store.The sixth-largest retailer plans to open more than a dozen of what it calls “Flexible Format” stores in 2017 in urban areas and near college campuses. They’ll include one in Bethesda, Maryland, outside of Washington, D.C.; Cambridge, Massachusetts, where Harvard University