Target Store Closed Dozens of Locations in 2023

Speaking of Target, this retail chain faced several store closures in 2023, as well. In March, Target announced the shutdown of four small-format stores, citing declining foot traffic as the impetus. The affected locations included one store in Philadelphia, one in Minneapolis, and two near Washington D.C., all of which closed on May 13.

A few months later, Target announced in a statement that it would be closing nine locations on Oct. 21. These locations included one store in New York City’s Harlem neighborhood, two locations in Seattle, three stores in the San Francisco-Oakland area, and three in Portland, Oregon. Target cited theft and organized crime as the causes of the closures.