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, WWeek.com, KING5.com, and Adobe Stock.
Target has unexpectedly announced it is permanently closing nine U.S. stores on October 21st.
One location in New York City's Harlem will close, along with three in Northern California, two in Seattle, and three Portland, Oregon.
Let us explore.
According to a September 26th report from The-Sun.com, ongoing crime such as shoplifting is the 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.
According to a WWeek.com report, the Oregon closings are the following: Target will close three of its Portland locations next month, including the downtown Target store on Southwest Morrison Street... The other two locations closing are on Southeast Powell Boulevard and in the Hollywood neighborhood.
As to Seattle's closings, per KING5.com: Target said the University Way and Ballard stores will be shuttered on Oct. 21.
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.