Posted on 03/16/2023 7:46:03 PM PDT by SeekAndFind
Not unlike many other corporations with retail locations in cities nationwide, Target is calling it quits on Philadelphia. They follow in the footsteps of Wawa, who we noted last year had enough of Philadelphia's crime and also picked up and left shop at several locations in Center City.
Target, located just blocks from one Wawa that recently closed, is taking the same action, according to the Philadelphia Business Journal. Its store at 12th and Chestnut streets in Center City will be closing after 7 years of operation.
The 19,000 sq. foot store is going to be closing "due to several years of declining performance", the report says. The company plans on attempting to relocate its 45 part and full time employees at the store.
Kayla Castañeda, a spokesperson for Target, commented: "The decision to close one of our stores isn’t something we take lightly. It’s an action we take only after multiple years of working to improve performance."
Target is also going to be closing three other stores, one in its hometown of Minneapolis and two in the Washington, D.C., area, the report continued. The company is also looking to open a massive 22,000 sq. foot store near 37th and Chestnut - basically in the middle of U Penn's campus - which will help it replace its presence lost in Center City.
The Center City store had just opened in July 2016 as part of an apartment building, and its across the street from a brand new $762 million Jefferson Health facility that is nearing the end of construction. On the south side of the closing Target store, additional commercial and residential buildings are being erected.
But the influx of new buildings onto the block wasn't enough for the company to want to keep its store open. In addition to Wawa stores that have closed, a Marshalls located at 10th and Market street - just blocks away from Target - also closed earlier this year.
Yea, team!
Rising theft along with declining performance.
OMG! Target is creating a “food desert!”
Somebody call Moochelle!
Soon Philadelphia will be a food and retail dessert.
When your product is walking out the door without the matching funds being deposited in your store’s account at the end of the day, a store seems to be labeled “under-performing”. Or, at least that is my experience from years ago when working in retail. Your experience may differ.
Too big to fail? Take your lumps Big Corpses. No Bailouts.
Stupid investment - no customer base. Only freebies.
here come the BLM retail deserts!
Pennsylvania Ping!
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Shuttering blue city stores is the ultimate loss prevention.
Target was an early facilitator of the any-gender toilet rooms.
Seems like they are getting a reward. Not that there is anything wrong with having a store in Philly.
Target is opposed to the Reparations that are withdrawn from their stores everyday. Just wait....very soon....you’re racist!!
New Mayor coming.
Plenty of goods were probably being moved, but fewer actual sales...
More goods being moved, yet with fewer sales...
This is so sad. Before I retired in 2017, our company did several conventions at the Philly convention center. They totally renovated it around 2012 or so, and the wonderful Reading Market across Arch Street was such a treat...so much better than the usual convention center food! And the Liberty Bell, and a great art museum, the Rocky Steps, and a wonderful Museum of the American Revolution. SO MUCH OF VALUE. God help Philly.
Jill Biden: If declining performance were that important I would have kicked your wrinkled rear out of here long ago.
Speaking of Moochelle, I felt acidy barf rising in the back of my throat when I saw a TV ad tonight for a Moochelle podcast which features her and Oprah hugging.
Must un-see TV.
Otherwise known as theft by dark skinned people.
Wow…12th and Chestnut used to be such a nice and busy area. I think the upscale Adelphia House apartment building is (was?) right there too. Wannamaker’s was about a block over from there.
Center City was a cool area once. Looks like the Dems have destroyed it.
Low performance huh? More like high theft performance.
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