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inanna

(3,547 posts) Wed Nov 4, 2015, 01:45 PM Nov 2015

Target Closing 13 Stores Nationwide Citing Falling Profits

Source: Associated Press

MINNEAPOLIS — Nov 4, 2015, 11:38 AM ET

Target plans to close 13 stores nationwide, including one in New Ulm and two others in Milwaukee and Superior, Wisconsin.

The Minneapolis-based retailer says a decision to close a store usually follows several years of decreasing profitability. The retail giant plans to close the stores on Jan. 30, 2016. The 13 are among Target's nearly 1,800 stores in the U.S.

Target was hurt by a massive credit-card breach before Christmas 2013 that sent shoppers temporarily fleeing. The company also botched a major expansion into Canada and pulled the plug on that earlier this year.

Layoffs in 2015 included 2,500 jobs, or about one-fifth of the workers in the company's corporate offices in Minneapolis and Brooklyn Park.

Read more: http://abcnews.go.com/US/wireStory/target-closing-13-stores-nationwide-citing-falling-profits-34962171

10 replies

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Target Closing 13 Stores Nationwide Citing Falling Profits (Original Post) inanna Nov 2015 OP

Before the Christmas shopping? Spitfire of ATJ Nov 2015 #1

They are closing Jan 30th Travis_0004 Nov 2015 #3

Way to motivate your workers.... Spitfire of ATJ Nov 2015 #5

The Superior WI one would make sense from a corporate jwirr Nov 2015 #2

I am surprised DesertDawg Nov 2015 #4

How much is due to online/Amazon competition, less income for purchases and appalachiablue Nov 2015 #6

It's a shame EL34x4 Nov 2015 #7

Costco is it, for me. closeupready Nov 2015 #8

maybe they are making to many stores JI7 Nov 2015 #9

Wow. Wonder how that will affect 2 new stores scheduled for downtown Philly? BumRushDaShow Nov 2015 #10

Spitfire of ATJ

(32,723 posts)

1. Before the Christmas shopping?

Reply to inanna (Original post)

Wed Nov 4, 2015, 01:48 PM

Nov 2015

Travis_0004

(5,417 posts)

3. They are closing Jan 30th

Reply to Spitfire of ATJ (Reply #1)

Wed Nov 4, 2015, 01:52 PM

Nov 2015

Spitfire of ATJ

(32,723 posts)

5. Way to motivate your workers....

Reply to Travis_0004 (Reply #3)

Wed Nov 4, 2015, 02:51 PM

Nov 2015

Give it 110% before the boot.

jwirr

(39,215 posts)

2. The Superior WI one would make sense from a corporate

Reply to inanna (Original post)

Wed Nov 4, 2015, 01:50 PM

Nov 2015

point of view because the one in Duluth will still be open.

DesertDawg

(66 posts)

4. I am surprised

Reply to inanna (Original post)

Wed Nov 4, 2015, 02:49 PM

Nov 2015

the Mesa AZ store didn't make the list. That place is hardly ever busy except for Christmas.

appalachiablue

(41,172 posts)

6. How much is due to online/Amazon competition, less income for purchases and

Reply to inanna (Original post)

Wed Nov 4, 2015, 02:56 PM

Nov 2015

automation advances I wonder. Corporate monopoly USA it is Wal-Mart. Macy's closed sites and had layoffs last year. Walgreens just bought Rite Aide.

EL34x4

(2,003 posts)

7. It's a shame

Reply to inanna (Original post)

Wed Nov 4, 2015, 03:18 PM

Nov 2015

I vastly prefer Target to Walmart, even if the prices are negligibly higher. At least Target staffs more than three checkers at a time. A year or so ago they closed down the Super Target in my neighborhood. One of 11 nationwide that were shuttered. I had shopped there for years.

closeupready

(29,503 posts)

8. Costco is it, for me.

Reply to inanna (Original post)

Wed Nov 4, 2015, 03:46 PM

Nov 2015

If I can't buy it there, then I'll try Amazon, or else buy locally.

JI7

(89,269 posts)

9. maybe they are making to many stores

Reply to inanna (Original post)

Wed Nov 4, 2015, 03:54 PM

Nov 2015

BumRushDaShow

(129,486 posts)

10. Wow. Wonder how that will affect 2 new stores scheduled for downtown Philly?

Reply to inanna (Original post)

Wed Nov 4, 2015, 06:52 PM

Nov 2015

http://www.bizjournals.com/philadelphia/blog/real-estate/2015/08/target-store-open-market-east-wash-square-philly.html

Target had always opened stores mostly on the periphery (in our rim counties - often right along city/suburb border streets on the suburban township's side... not unlike Walmart), originally demanding a certain amount of land square footage to allow for open air, street-level parking lots... And this pretty much ruled out the downtown retail districts of the major cities. They decided to finally change that policy and apparently decided to try 2 smaller foot-print stores here in Philly (one on east Chestnut St. and one on west Chestnut St.) that are due to open in 2016.

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