It’s been a tough year for retail. COVID-19 has forced many stores to close their doors, and Target is no exception. The company has announced that it will be closing 15 stores across the country in 2020.
Target has been hit hard by the pandemic, with sales falling sharply in the first quarter of 2020. The company has been forced to make some tough decisions in order to keep its business afloat.
The 15 stores that will be closing are located in Arizona, California, Colorado, Florida, Illinois, Indiana, Louisiana, Minnesota, Missouri, Nevada, New Jersey, Texas and Wisconsin. Target says that the decision to close these stores was based on a number of factors, including sales performance and the ability to find new locations that meet the company’s needs.
Target says that it will provide affected employees with severance packages and help them find new jobs at other Target stores. The company also says it will work with local officials to ensure that the closures have minimal impact on the communities where the stores are located.
While it’s never easy to see a store close its doors, Target’s decision to do so is understandable given the current state of the retail industry. The company is making the best of a difficult situation and taking steps to ensure that its business remains strong in the years to come.
