Retail Giant Target is Closing a Dozen Stores

Target plans to close 12 stores, even as the retailer doubles down on the brick-and-mortar shopping experience. The stores are set to shutter on February 3, the Star Tribune reported. A spokeswoman told the news outlet that the 12 Target locations across the US experienced “several years of decreasing

profitability.” Target has opened 32 stores this year and plans to open 35 new locations in 2018, the Star Tribune reported. It’s also investing heavily in revamping the design of its stores, with plans to refurbish 1,000 of its 1,8000 stores by 2020. In the US, more than 6,300 store closures have been announced so far this year, including 1,430 RadioShacks and more than 800 Payless stores. MORE