Target Closing 11 Underperforming Stores
Was it Election Day? There was plenty else happening at Target. On Tuesday, the Minneapolis-based retailer announced it would close 11 stores. It also swatted away an investment firm trying to buy shares on the cheap and started selling tchotchkes made by 3-D printers, latching on to one of the hottest things in high-tech. The store-closing step is one that Target takes at least once a year after a financial review of its 1,800 U.S. outlets.