Retail Roundup—Target's new apartment location, Office Depot's B2B push

Office cubicles

Target opens small format in apartment building

Target will open a small-format store on the first floor or an apartment building opening in Uptown Minneapolis. The store will occupy 21,000 square feet, about one-fifth of a typical Target, and contain a CVS Pharmacy and a store pickup area. (StarTribune)

Office Depot makes B2B push

In the highly competitive market of office supply retailers, Office Depot has started pushing marketing toward its business customers. The company is hoping to connect better with this group of customers and refresh the brand. (Ad Age)

SimpleTire partners with FedEx for pickup

Online tire retailer SimpleTire has partnered with FedEx to offer a place for customers to have their tires shipped to for pickup. Avoiding home delivery security concerns, consumers can now have the option to get the tires at their convenience at any of the more than 1,799 FedEx locations across the country, for free. (PR Newswire)

Sears Canada lays off 2,900, restructures

Sears Canada announced it will close 59 stores and eliminate 2,900 jobs as part of a restructuring plan. The retailer was also granted protection from its creditors, giving the company 30 days to restructure under $450 million debtor-in-possession financing. (CBC News)