Target closing 13 stores nationwide citing falling profits

[rangerrebew]

Target closing 13 stores nationwide citing falling profits
Wed, Nov 4, 2015
0 Comments

MINNEAPOLIS (AP) — 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.

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.

http://www.srnnews.com/target-closing-13-stores-nationwide-citing-falling-profits/

[Bigun]

They could close every single one and I wouldn't notice!

[rangerrebew]

You don't think, per chance, people stopped going to Target because of their unisex restroom policy, do you?   I have.

[ABX]

13 is not a lot of closings for a company their size. They have almost 2000 regular stores, 230 super stores, and 1500 pharmacies.