Wealth Improvement SVP Nicole Webb gives her stock market prospects and investment advice throughout 2021.
According to Target, Target will leave his office space in the skyscraper of downtown Minneapolis on Thursday.
GOAL PARTNERS WITH CVS FOR COVID-19 EXTRACTION OF EXHAUST
The move comes as the company commemorates the future of the work at its headquarters by following a hybrid “Flex for Your Day” approach. The ‘Flex’ gives employees the option to work at the office virtually and personally, as they “gradually return to headquarters” later this year.
“Our headquarters will always play a central role in who we are and how we work at Target,” wrote Melissa Kramer, Target Chief of Staff: “We believe in the culture, collaboration and competitive benefits of working together in our vibrant headquarters. the twin cities and around the world. But the reality is that ‘Flex for Your Day’ requires less office space, so we’ll end our downtown business in downtown Minneapolis. ‘
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| TGT | TEIKEN CORP. | 179.14 | +0.65 | + 0.36% |
Target’s office workers were sent home last year to curb the spread of the coronavirus pandemic, which has infected more than 29.1 million Americans since March 2020, according to Johns Hopkins University. While the employees would originally return in June, Target announced last month that returns would be postponed until the fall.
GET FOX-BUSINESS PARTS BY CLICK HERE
About 3,500 of Target’s 8,500 downtown employees in Minneapolis who worked in the downtown coronavirus pandemic will find a ‘home base’ in one of the other headquarters buildings in the city or on the Brooklyn Park campus.
Kramer did not provide a timeline when Target would move out of space, but noted that the decision was shared early with Target’s team and external stakeholders to enable the retailer to ‘openly plan for the future’.
The goal is to lay off no teams or functions as a result of this change, and the Twin Cities will remain the home town of the retailer.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
According to the Minneapolis Star Tribune, Target is the largest employer in downtown Minneapolis and the largest tenant in downtown. The lease of the company in the city center apparently lasts until December 2031.
Minneapolis Downtown (Google Maps)
Target rents 985,000 square feet of office space in the 51-story skyscraper. In addition, the company has space next to the Nicollet Mall with Target Plaza North and South, as well as Target Plaza Commons; on South 10th Street stands Target Plaza III, and 23 miles from City Center is Target’s Brooklyn Park campus, where the retailer apparently owns 350 acres. In total, it offers Target an additional 3,195,000 square feet of office space. Prior to the pandemic, nearly 12,000 employees worked at Target’s collective offices.
“It’s not easy to say goodbye to City Center, but the Twin Cities are still our home after all these years. We have an incredible opportunity to build a new future with redesigned workspaces, technological investments and more tools. for connection and collaboration, “Kramer added. “I know the pandemic is still asking a lot of us, and I’m grateful for the ways you have tackled each challenge, proving the strength of our team and our culture through it all. There is so much to look forward to as we do. a future workplace that brings the best of Target closer together. ‘