Target closing 2 under-performing Michigan stores next year Target will close 12 stores in 2018
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.
Copyright 2017 by WDIV ClickOnDetroit - All rights reserved.
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