Target is one of America’s largest and most popular retailers, with a loyal customer base that contributed to a nearly 3% rise in sales to $107.6 billion last year. But Target, like all retailers, constantly evaluates its store footprint. And that means some locations don’t stay open.
“All good retailers review their store portfolio, often resulting in adjustments to stores, remodels, relocations, and sometimes closures. We don’t view Target closing a few stores as cause for concern,” Joe Feldman, an analyst with Telsey Advisory Group, told Retail Dive in an email.
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