Yesterday, Target announced that it would be closing 11 underperforming stores by Feb. 2015, which only represents a small fraction of the retailer’s 1,800 stores in the U.S. But that brings this year’s total number of Target closures to 19, nearly five times the number of stores shuttered the previous year.
In fact, Target had only closed a total of 9 stores during the two previous years, while also opening more than 40 locations during that same period of time.
“The decision to close a Target store is not made lightly,” a Target rep tells the Minneapolis Star-Tribune. “We typically decide to close a store after careful consideration of the long-term financial performance of a particular location. In most cases, a store is closed as a result of seeing several years of decreasing profitability.”
The company says that employees at affected stores will be offered jobs at other stores and those who don’t accept the transfer will be giving severance packages.
Here is the complete list of the 11 stores, in 8 states, set to close on Feb. 1:
GEORGIA
8109 Mall Parkway
Lithonia, Ga.
ILLINOIS
1860 N. Richmond Road
McHenry, Ill
1717 E. West Road
Calumet City, Ill.
INDIANA
8448 Center Run Drive
Indianapolis, Ind.
IOWA
2900 S. 25th St.
Clinton, Iowa
KANSAS
301 S. Towne East Mall Drive
Wichita, Kan.
MICHIGAN
2121 N. Monroe St.
Monroe, Mich.
21400 Northwestern Highway
Southfield, Mich.
4135 Wilder Road
Bay City, Mich.
MINNESOTA
1701 18th Ave. N.W.
Austin, Minn.
TEXAS
2620 N. Josey Lane
Carrollton, Texas
by Chris Morran via Consumerist
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