TARGET shoppers will have one less location to score deals as the giant retailer plans to close four stores all on May 13.
States across the country have seen stores shutter their doors by the droves dubbing the phenomenon “retail apocalypse.”
Giant retailers like Bed Bath & Beyond are currently in the process of closing 150 stores in the U.S. by the end of March due to rising debt.
Over 50 closures had already been announced while another 62 locations were confirmed to shut down in February.
Plus, in November 2021, CVS announced its plan to close 900 stores after facing hardship.
This results in about 300 closures per year for the next three years.
The next retailer planning on closing stores is the fan favorite Target – despite opening 20 new locations this year.
Below we’ve rounded up the four locations leaving this spring.
1. MINNEAPOLIS, MINNESOTA
This small-format store in Minneapolis, Minnesota, is set to shutter on May 13 after low foot traffic, according to spokesperson.
The small-format style was part of its plan to rethink brick and mortars by having 12,000 to 80,000 square feet instead of its 145,000-square-foot average.
Target officials confirmed that the location is between West Lake Street and Lagoon Avenue on S Fremont Avenue.
“The decision to close one of our stores isn’t something we take lightly,” Target spokesperson Joshua Thomas told the StarTribune.
“It’s an action we take only after multiple years of working to improve performance,” Joshua added.
2. PHILADELPHIA, PENNSYLVANIA
Another small-format location in the Center City will close due to poor performance over the past couple of years.
The 19,000-square-foot store only just opened seven years ago in 2016.
“The decision to close one of our stores isn’t something we take lightly,” Kayla Castañeda, a spokesperson for Target told NBC10.
About 45 store employees would be allowed to relocate to a nearby Target location for work, Kayla said.
There are still multiple Target locations open in Center City and other areas of Philadelphia.
3. WASHINGTON D.C., METRO AREA
Also on May 13, the U.S. capitol will shut down two stores due to low sales.
One store is located at 7501 Baltimore Ave. in College Park, Maryland while the other is at 500 S Washington St. in Falls Church, Virginia.
The second is a city right outside of Washington, D.C.
“We value the team members at these stores, and they will be offered the opportunity to work at nearby Target locations,” a spokesperson told MSN.
“We remain committed to these areas, including the more than 50 stores we operate in each metro area,” they added.
We reveal why three grocery stores – including Aldi – will begin closing their doors in days.
Plus, Gap has plans to shut down dozens of stores this year.