Target Closing 13 Stores Nationwide Citing Falling Profits

[Tzvi s]

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

[zale]

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

[Hatastah]

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

My personal opinion? Killing red card loads

[yochiek93]

My personal opinion? Killing red card loads