Target’s Plans Now Call For 10 New Stores, 12 Closures in 2014
Target recently announced plans to open five new U.S. stores later this year, which it expects to open just a few months after closing eight other locations.
The Minneapolis-based retailer said it will open new stores in Liberty Township, Ohio; Santa Clara and Santa Rosa, California; North Brunswick, New Jersey; and Wilmington, Massachusetts. All are expected to open in October except the Santa Rosa location, which is expected to open in July. To date, Target has now revealed plans to open a total of 10 new stores in 2014; the other planned openings were announced in November.
Target said all five of the recently announced stores will be between 130,000 and 140,000 square feet. They will all offer grocery products, a Starbucks, and a Target pharmacy, and the California and New Jersey locations will also house an optical department.
The company said that two months before each location opens, it will hold nearby job fairs to recruit new employees. Target said the Ohio and Massachusetts stores will both create about 150 jobs, the two stores in California expect to hire about 200 new employees each, and the site in New Jersey expects to hire about 250 new employees.
Before those new stores open their doors, however, Target locations in the following cities will close in May: West Dundee, Illinois; Las Vegas and North Las Vegas, Nevada; Duluth, Georgia; Middletown and Trotwood, Ohio; Memphis, Tennessee; and Orange Park, Florida.
News of those closures came after Target announced in November plans to shutter four other stores, which will close next month in the following cities: Leesburg, Florida; Morrow, Georgia; Chandler, Arizona; and Chula Vista, California.
Target cited financial performance as the cause of all 12 closures and said “eligible” employees will be offered opportunities to transfer to a similar position at nearby Target stores.
News of the recent closures came in conjunction with Target’s announcement that its recent data breach affected 70 million holiday-season shoppers, rather than the previously disclosed 40 million.
Meanwhile, Minneapolis will soon be home to the smallest Target in the country when the company opens its first “TargetExpress” store near the University of Minnesota. The store will be about 15 percent the size of typical Target locations, only taking up about 20,000 square feet, and will stock a mix of grocery and pharmacy items as well as basic clothing and electronics.
Target currently operates a total of 1,921 retail stores—1,797 in the United States and 124 in Canada.