Recovery: Target Is Closing Even More Stores
November 4th, 2015Via: Money:
Minneapolis-headquartered retailer Target is having a rough go of it.
Following months of layoffs and a bungled Canadian expansion—and two years after a massive customer credit card data breach—the company has decided to close 13 stores, including locations in Austin, Texas; Columbus, Ohio; Louisville, Kentucky; and Milwaukee, Wisconsin. This follows another 11 store closures earlier this year. The chain has approximately 1,800 stores in the U.S.
Blaming decreasing profitability, Target representatives say the 13 stores will close on January 30, 2016.
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