9/26/2023, 9:21 PM (Source: TeleTrader)
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Chart for: Target Corp

Target to close nine stores amid safety threat

Target Corporation announced on Tuesday that it will shut down nine stores in major cities across four states, with the closures going into effect on October 21.

This decision applies to one store in New York City, two stores in Seattle, three in the San Francisco-Oakland area, and three more in Portland, Oregon.

The company emphasized it cannot run these stores "because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance."

Baha Breaking News (BBN) / DD