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Your Local Target Store Might Be Closing Soon

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Your Local Target Store Might Be Closing Soon

  • Shares of Target Corporation (NYSE: TGT) fell around 1 percent on Wednesday trading.
  • The decline was triggered by news of the company closing 13 stores around the United States.
  • Target's Wednesday closing price came in at $77.39.
  • Target announced on Wednesday that it would be closing 13 stores nationwide at the end of January 2016. In an email, spokeswoman Molly Snyder assured the decision was “not made lightly.” She explained the decision follows several years of declining profitability.

    The spokeswoman also ensured that all eligible employees working at the closing stores would be offered transfers to other stores operated by the company.

    Related Link: Target Goes Global: Target.com Now Shoppable Worldwide

    Out of the roughly 1,800 stores Target operates in the United States, the ones to be shut down are:

    • Austin North East - Austin, Texas
    • Suncoast Pasco County - Odessa, Florida
    • Casa Grande, Arizona
    • Victorville, California
    • East Flint - Flint, Michigan
    • Columbus Southwest - Columbus, Ohio
    • Northridge - Milwaukee, Wisconsin
    • Superior, Wisconsin
    • Springfield, Ohio
    • New Ulm, Minnesota
    • Ottumwa, Iowa
    • Anderson, Indiana
    • Dixie Highway - Louisville, Kentucky

    Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

    Image Credit: Public Domain

     

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