Target

Target Closing 13 Stores Nationwide, Citing Falling Profits

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Target plans to close 13 stores nationwide in 2016, including several in the Midwest.

The Minneapolis-based retailer says a decision to close a store usually follows several years of decreasing profitability. The retail giant plans to close the stores on Jan. 30, 2016. The 13 are among Target's nearly 1,800 stores in the U.S.

Target was hurt by a massive credit-card breach before Christmas 2013 that sent shoppers temporarily fleeing. The company also botched a major expansion into Canada and pulled the plug on that earlier this year.

Layoffs in 2015 included 2,500 jobs, or about one-fifth of the workers in the company's corporate offices in Minneapolis and Brooklyn Park.

The 13 stores slated to close in 2016, according to the Minneapolis/St. Paul Business Journal, are located in:

Casa Grande, Arizona
Victorville, California
Suncoast Pasco County in Odessa, Florida
Dixie Highway in Louisville, Kentucky
Anderson, Indiana
Ottumwa, Iowa
East Flint in Flint, Michigan
New Ulm, Minnesota
Springfield, Ohio
Columbus Southwest in Columbus, Ohio
Austin North East in Austin, Texas
Milwaukee, Wisconsin
Superior, Wisconsin

Copyright AP - Associated Press
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