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Showing posts with label Target. Show all posts
Showing posts with label Target. Show all posts

November 8, 2015

Target to close 13 stores in US, just after closing down all 133 stores in canada




Target is ranked No. 16 in the Internet Retailer top 500 Ranking 


The second-largest discount retailer in the United States Target  is set to close down 13 of its stores across the US  due to the locations' poor performance. Eligible employees will be given the  option to move out or be transferred  to another location according to a company spokesperson .

Target had earlier laid off about 2,000 professional employees in a series of workforce reductions. Last January, the company also closed all 133 of its stores in Canada after failing to make enough revenue there.Currently Target as 1,799 U.S. stores.This is in contrast to one of its competitor Amazon which has announced that it will hire an additional 100,000 workers for the holiday season.Meanwhile the upcoming holiday season Target has started to offer customers free shipping during this years( see after the jump or click  below)



Target's Average U.S. Revenue per Square Foot has increased steadily from $280 in 2009 to $303 in 2014.

In time for the Holiday season Target Corp. is offering free shipping and returns on all online orders from Nov. 1 through Christmas Day.  This is the second straight holiday season that Target has offered free shipping on all online orders, though last year the promotion was offered only through Dec. 20. This is also the second time in recent months that Target has offered free shipping on all online orders to entice shoppers.