This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: The-Sun.com and Adobe Stock.
Target has unexpectedly announced it is permanently closing three Northern California stores, in the Bay area, on October 21st.
Let us explore.
According to a September 26th report from The-Sun.com, ongoing crime such as shoplifting is major reason given for the upcoming closures.
As excerpted from the report, quoting an official Target statement on the matter: "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a news release. “We know that our stores serve an important role in their communities, but we can only be successful if the working and shopping environment is safe for all.”
The three closing Northern California stores are as follows:
1690 Folsom St. (Folsom and 13th St)
2650 Broadway (Oakland Broadway & 27th)
4301 Century Blvd.
In addition to the three Northern California stores, other Target locations throughout the country are also closing that same day, for the same reasons. The report goes on to state a Harlem, New York location is also closing, as well as two in Seattle and three in Portland, Oregon.
This is a developing story. In the event of further updates regarding this matter, I will share them here on NewsBreak.
Thank you for reading.