Target will close two SF Bay Area stores
April 1, 2021
Target has been on a tear in the past year, growing revenue by $15 billion in 2020, so its decision to close two of its stores in the San Francisco area — Ocean Avenue in San Francisco and Stevens Creek Boulevard in Cupertino — has the locals puzzled. The company made the decision after “a rigorous annual process to evaluate the performance of every store in the portfolio and maintain the overall health of the business,” Target told Fox Business.
Recent News
Tesla Recalls Cybertruck Due to Stuck Accelerator Pedal
Tesla is recalling almost 4,000 Cybertrucks due to a sticking accelerator pedal. The problem stems from an unauthorized lubricant used during assembly, which reduces the pad’s grip on the pedal.
Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak
The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.
Procter & Gamble Reports Mixed Results After Price Hikes
Procter & Gamble’s recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.
JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport
An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.