Target Closing More Stores This Year Than In Last Two Years Combined

(Freddie Campos)

Yesterday, Target announced that it would be closing 11 underperforming stores by Feb. 2015, which only represents a small fraction of the retailer’s 1,800 stores in the U.S. But that brings this year’s total number of Target closures to 19, nearly five times the number of stores shuttered the previous year.

In fact, Target had only closed a total of 9 stores during the two previous years, while also opening more than 40 locations during that same period of time.

“The decision to close a Target store is not made lightly,” a Target rep tells the Minneapolis Star-Tribune. “We typically decide to close a store after careful consideration of the long-term financial performance of a particular location. In most cases, a store is closed as a result of seeing several years of decreasing profitability.”

The company says that employees at affected stores will be offered jobs at other stores and those who don’t accept the transfer will be giving severance packages.

Here is the complete list of the 11 stores, in 8 states, set to close on Feb. 1:

GEORGIA

8109 Mall Parkway

Lithonia, Ga.

ILLINOIS

1860 N. Richmond Road

McHenry, Ill

1717 E. West Road

Calumet City, Ill.

INDIANA

8448 Center Run Drive

Indianapolis, Ind.

IOWA

2900 S. 25th St.

Clinton, Iowa

KANSAS

301 S. Towne East Mall Drive

Wichita, Kan.

MICHIGAN

2121 N. Monroe St.

Monroe, Mich.

21400 Northwestern Highway

Southfield, Mich.

4135 Wilder Road

Bay City, Mich.

MINNESOTA

1701 18th Ave. N.W.

Austin, Minn.

TEXAS

2620 N. Josey Lane

Carrollton, Texas

by Chris Morran via Consumerist