Retail News

Money-losing stores close despite big chains’ best intentions

The New York Times 06/30/2021

A Target store opened in 2008 in a Black neighborhood in Baltimore was seen as a sign of faith in the community. Target says its decision to close the location in 2015 was a “last resort” that only happened after it was not able to turn a profit after years of trying.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!