Target Announces 13 U.S. Store Closures
Target is closing the doors to 13 of its stores. On Wednesday, Target confirmed that the locations across the U.S. would be closing by Jan. 31, 2016. A Target spokesperson said "the decision to close a Target store is not made lightly." She added that before the company decides to make a closure, a store's financial health is evaluated over a long period of time. "Typically, a store is closed as a result of seeing several years of decreasing profitability," she said. "Eligible" employees will be given the choice of transferring to another store. Target has 1,799 U.S. stores.