Target is closing 13 stores after the Black Friday and Christmas shopping season. The discount retailer cites shrinking profits for the nationwide closure of the stores. Mega deals after the first of the year will likely attract shoppers to the going out of business sales at the locations slated to shutter its doors forever.
Target's 13 store closings decision was announced at time of year when companies typically reveal such plans leading into the Black Friday and the holiday shopping season, MSN reported. The store closings were reportedly based upon poor performance over the course of several years. A company representative told the media that a decision to close a store is never made lightly. Eligible workers will be given the opportunity to transfer to open positions at other locations, CNN Money reported.
Target announces store closings. https://t.co/hx5061KXbe pic.twitter.com/MwTZRrBAIt
— CNN Breaking News (@cnnbrk) November 4, 2015
— CNN Breaking News (@cnnbrk) November 4, 2015
The hottest deals on the hottest gifts! Save 50% on a top toy every day w/ #Cartwheel: https://t.co/QZkwUf3cnf pic.twitter.com/VBDuewsIWk
— Target Deals (@TargetDeals) November 3, 2015
— Target Deals (@TargetDeals) November 3, 2015
Target Black Friday Commercial
