Author Topic: Target Closing 13 Stores Nationwide Citing Falling Profits  (Read 436 times)

Offline Tzvi s

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Target Closing 13 Stores Nationwide Citing Falling Profits
« on: November 04, 2015, 06:01:44 PM »
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.

(AP)

- See more at: http://www.theyeshivaworld.com/news/headlines-breaking-stories/357235/target-closing-13-stores-nationwide-citing-falling-profits.html#sthash.HF8b7hqQ.dpuf

Offline zale

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Re: Target Closing 13 Stores Nationwide Citing Falling Profits
« Reply #1 on: November 04, 2015, 06:07:57 PM »
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.

(AP)

This is all true, but the real reason is Amazon.com

Offline Hatastah

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Re: Target Closing 13 Stores Nationwide Citing Falling Profits
« Reply #2 on: November 04, 2015, 06:12:19 PM »

This is all true, but the real reason is Amazon.com
My personal opinion? Killing red card loads

Offline yochiek93

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Re: Target Closing 13 Stores Nationwide Citing Falling Profits
« Reply #3 on: November 04, 2015, 07:31:52 PM »
My personal opinion? Killing red card loads