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IPFS News Link • Business/ Commerce
Target announces 13 U.S. store closures
• http://money.cnn.comTarget is closing the doors to 13 of its stores.
On Wednesday, Target (TGT) confirmed that the locations across the U.S. would be closing by January 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.