Is your local Target closing?

CBS News ^

[matt04]

MINNEAPOLIS -- Target (TGT) plans to close 13 stores nationwide, including one in New Ulm and two others in Milwaukee and Superior, Wisconsin.

The Minneapolis-based retailer says a decision to close a store usually follows several years of decreasing profitability. The retail giant plans to close the stores on Jan. 30, 2016.

Target was hurt by a massive credit-card breach before Christmas 2013 that sent shoppers temporarily fleeing. The company also botched a major expansion into Canada and pulled the plug on that earlier this year.

Layoffs in 2015 included 2,500 jobs, or about one-fifth of the workers in the company's corporate offices in Minneapolis and Brooklyn Park.

In an emailed statement, a Target spokeswoman wrote, "The decision to close a Target store is not made lightly. We typically decide to close a store after careful consideration of the long-term financial performance of a particular location."

[trisham]

:)

[dhs12345]

Maybe it is a reflection of the poor quality of appliances these days and consumers are catching on and Sears sells all of the worst brands.

An appliance use to last decades. Now you are lucky for it to last beyond 5 years.

We refuse to “buy American” appliances for this very reason. Heck, most of the brand name companies manufacture in Mexico.

[Bodleian_Girl]

My target isn’t closing but as far as I’m concerned it might as well. You would search for days trying to find a simple religious sympathy card and never find one, but right down at kids eye level they stock homosexual cards.

They JCPenniezed themselves with sucking up to the 1 % of immoral sodomites so they’ll just have to do without my money.

[Bodleian_Girl]

Totally agree with you.

[yefragetuwrabrumuy]

A lot of this is pretty common sense stuff.

1) If you sell common products that many other retailers sell, but you sell them for more, eventually customers will wise up.

2) If you sell inexpensive products, you have to move a LOT of them. If your products are expensive, like cars, you may only need to sell a dozen a month. If you sell a balance of products, they still need to sell based on their value and the floor space they take.

3) Quality is also an issue. You can sell cheap mixers for $15 each, or top of the line KitchenAid mixers for $350, not including its numerous adapters. But you have to ask: which of them will not just give you the best profit, but the best profit *margin*.

4) Target used to have a good formula, its suppliers giving it cheap knock off products that were almost the same as high end models; unique enough so that only Target sold them.

[bamafour]

There is a Target and Walmart on my work commute. One morning I had to return items to both stores.
At Walmart I stood in line while a older black female associate talked and carried on with a black female customer for 10 mins or so. The wait was made worse since the customer had a muslim traitor in the white house shirt on and I had to stand there looking at his face. Finally it was my turn...no hello, no can I help you. She just processed my return with no interaction at all. So be it.
Off to Target...no line and a pleasant young black man said hello and how can I help you? In and out in 2 minutes.
Based on that experience I try to shop that Target often. Unfortunately I have to go to Walmart for items that Target does not carry.