Wednesday, November 8, 2017

Target closing 12 underperforming stores

In a move toward growth, Target has decided to close stores, and a dozen of them at that.

"We have a rigorous process in place to evaluate the performance of every store on an annual basis, closing or relocating underperforming locations as needed," a spokeswoman for the big-box retailer told CNBC.

The 12 stores — spread across states including Michigan, Florida, Illinois and Texas — will close on Feb. 3 of next year.. . . more

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