Target closing 2 under-performing Michigan stores next year

DETROIT – Target is closing several stores, including a couple in Michigan.

Target will close 12 stores spread across states including Michigan, Florida, Illinois and Texas. The selected stores will close on Feb. 3, 2018.

Related: Sears closing additional 3 Kmart stores in Michigan this year

The selected Michigan stores are:

• Eastland, Harper Woods
• Benton Harbor

"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 the big-box retailer told CNBC.

"Typically, a store is closed as a result of seeing several years of decreasing profitability," she added.

Related: 5 retailers at risk of going bankrupt in 2018

Target is also putting money toward remodeling existing stores. It has plans to update 1,000 of its 1,800 stores by 2020.