Target closing 12 underperforming stores
Even as it continues to expand, Target Corp. keeps its eye on stores that aren't living up to its expectations.
The discounter will close 12 stores across several states on Feb. 3 of next year, reported CNBC.
"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 Target told CNBC. "Typically, a store is closed as a result of seeing several years of decreasing profitability.”
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The discounter will close 12 stores across several states on Feb. 3 of next year, reported CNBC.
"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 Target told CNBC. "Typically, a store is closed as a result of seeing several years of decreasing profitability.”
Click here for more.