business news in context, analysis with attitude

CNBC reports that Target will close 12 stores - in Michigan, Florida, Illinois and Texas - on February 3, 2018.

The decision was made after “several years of decreasing profitability” at the units.

At the same time, Target is focusing on remodeling existing - and, presumably, profitable - stores, as well as opening more than two dozen small-format units that it says are more profitable than big-box units.
KC's View: