Target has announced that it will be closing locations in Minneapolis, Philadelphia, and the Washington, D.C., area because the stores have “declining foot traffic.”
According to the company, one location in Philadelphia, one in Minneapolis and two in the Washington area will be closed.
The stores, which are smaller-format stores aimed at urban areas, will close on May 13 because of declining foot traffic, Target executives said.
Most store employees will be offered positions at other locations.
“The decision to close one of our stores isn’t something we take lightly,” Kayla Castañeda, a spokesperson for Target, said. “It’s an action we take only after multiple years of working to improve performance.”
Target joins Walmart in announcing the closure of retail locations. Over the past month, Walmart has announced that 10 of its properties will be closed in the coming weeks and months.
Target filed a report with the Securities and Exchange Commission last week saying it intends to open about 20 new stores. The retailer also said it would completely remodel 70 locations this year.
Castañeda told Insider that Target does not have plans to close any other locations in 2023.
Here are the locations set to close:
- Maryland: 7501 Baltimore Ave, College Park
- Minnesota: 1300 W Lake St., Minneapolis
- Pennsylvania: 1128 Chestnut St., Philadelphia
- Virginia: 500 S Washington St, Falls Church