Network Target announced the closure of stores in several cities - ForumDaily
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Network Target announced the closure of stores in several cities

Several Target stores will close in the near future, but at the same time, the network plans to open several new stores.

Фото: Depositphotos

The publication Cheatsheet.com tells all that is known about this network.

Which Target branches will close

Companies often close offices in connection with saving money on wages, utilities and inventory. Walmart closed dozens of Sam's Club stores at the start of 2018. Target will do the same at the beginning of 2019, closing six stores.

  • Two stores in the south of Chicago in Morgan Park and Chatham.
  • Brooklyn Center, Minnesota, near the Target headquarters in Minneapolis.
  • Commack, New York, on Long Island.
  • Cordova, Tennessee, outside of Memphis.
  • Greenfield, Wisconsin, Milwaukee Suburb.

Why Target closes stores

Any large retail retailer with hundreds or thousands of stores has at least a few of them that are either unprofitable or not profitable. The same goes for Target.

A spokeswoman said: "Target usually closes a small number of stores with low productivity every year after a thorough evaluation process."
The criteria for closing a store are unknown, but steadily declining profitability is one factor.

Cities where new Target stores will open

Фото: Depositphotos

Despite the closure of six stores, the company plans to expand. The opening of 19 new points is planned.

One of them is in New Albany, Ohio, near Columbus. The floor space will be 120 000 square feet (11 148 square meters). Two more new stores will open in Goleta, California, and Hyannis, Massachusetts.

The area of ​​three planned new stores in Manhattan, New York, is less than 35 000 square feet (3 251 square meters). And in West Lafayette, Indiana, the store’s area will be less than 12 000 square feet (1 114 square meters).

Seattle, Staten Island, New York, Miami, Chicago, Washington (DC) and Lexington, Kentucky will also soon open new Target stores.

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