See which’small format’ stores survive Target’s planned closure of underperforming urban locations.
Shockingly, TARGET has announced that a store in its headquarters city will be closing.
A spokesperson for the small-format store confirmed on Monday that the location in Minneapolis, Minnesota would be closing due to low customer traffic.
It was announced by Target on April 30 that the S Fremont Avenue store, which is located between West Lake Street and Lagoon Avenue, will close on May 13.
We don’t make the decision to close a store lightly,” a Target spokesman, Joshua Thomas, told the StarTribune.
It’s something we do only after years of steady effort to boost output.
“That is the case for our Uptown store.”
The company claims it will provide team members with opportunities to work at other stores in the area.
About 45 full- and part-time employees were working at the store at any given time.
This marks the fourth store closure so far in 2018.
The other places were in the nation’s capital. also, Philadelphia.
Target shoppers need not worry, though, because the chain will open 20 new stores in 2018.
Since product prices have reached all-time highs and consumer demand has slumped, retailers have taken a significant financial hit from inflation.
About 40% of U.S. department stores have shut down since 2016.
Over 60 major retailers, including Brooks Brothers, J. Crew, and more, filed for bankruptcy just in the past year. Shopping at J.Crew, Sears, Lucky Brand, Forever 21, and Circuit City.
Just this week, three grocery stores have closed.
Nearly 5,000 Walmart stores can’t all meet “financial expectations,” the company said, according to WBBM, a CBS affiliate in Chicago.
The final day for shopping at the Pinellas Park, Florida, location is Friday, March 17.
On the same day, the H Street Walmart pharmacy will also be closing.
People who need their regular prescription medications on a consistent basis will have to switch pharmacies.
The remaining portions of the store will be closing on March 31st, two weeks later.
Piggly Wiggly is a grocery store chain that has a strong presence in the South and Midwest, where it is present in 18 states.
Unfortunately, it is the latest casualty of the retail apocalypse and will be closing a location in Milwaukee, Wisconsin.
During the 14 days beginning on Saturday, March 18, 2023, the company’s senior director emailed that “employee separations” would begin, though no specific date was given.
There will be a number of CVS store closures beginning next week and continuing throughout the month of March.
“We consider many factors when making store closure decisions including maintaining access to pharmacy services, local market dynamics, population shifts, a community’s store density, and ensuring there are other geographic access points to meet the needs of the community,” the store said, as reported by local Fox affiliate WDAF-TV.
On Thursday, March 16, this CVS in Tallahassee, Florida, will close its doors forever.
Here is a complete rundown of all the stores that will be closing in 2023.
There will be some store closures and five store openings at Aldi in 2018.