Target ( TGT) announced late last year its decision to open its first small store in Seattle in 2012.

This pared-down location will be between 60,000 and 100,000 square feet, compared to a typical Target store of between 125,000 and 180,000 square feet.

Next year, Target will open similar stores -- to be called CityTargets -- in several markets around the country, including Chicago, San Francisco and Los Angeles. These stores will sell everyday items like food, housewares and apparel.

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