News

Target prepares to close 12 stores in February 2018

Thursday 9 November 2017 11:23 CET | News

Target, an US-based discount store retailer, has announced that it will close 12 stores across 9 US states in February 2018.  

The stores are set to close on February 3, the Star Tribune reported. A spokeswoman told the news outlet that the 12 Target locations across the US experienced several years of decreasing profitability.

In 2017, the retailer has opened 32 stores and plans to open 35 new locations in 2018, the Star Tribune reported. The company also plans to invest into redesigning its brick-and-mortar business and has announced that 1,000 of its 1,800 stores will be refurbished by 2020. 

In the US, more than 6,300 store closures have been announced so far this year, including 1,430 RadioShacks and more than 800 Payless stores.

BusinessInsider.com gives the complete list of cities where stores will be closed: 

  • Hastings, Minnesota

  • Fergus Falls, Minnesota

  • Harper Woods, Michigan (at the Eastland Center)

  • Hutchinson, Kansas

  • Benton Harbor, Michigan

  • Slidell, Louisiana

  • Lauderhill, Florida

  • Matteson, Illinois

  • Romeoville, Illinois

  • Baltimore, Maryland (in the Mondawmin Mall)

  • Macon, Georgia

  • San Antonio, Texas (Far East location)


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: retail, retail stores, Target, US, ecommerce, store closures
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce