Goal scraps plan to open new retailer in Philadelphia after crime disaster led to different retailer closures nationwide
‘Making Cash’ host Charles Payne analyzes the September retail gross sales report after it smashed expectations.
Goal has deserted plans to open a brand new retailer that’s at the moment underneath building in a Philadelphia neighborhood, only one month after saying the closure of 9 different shops throughout the nation attributable to ongoing retail theft.
The brand new retailer was set to open within the metropolis’s College Metropolis neighborhood close to the College of Pennsylvania campus on thirty seventh and Chestnut streets, FOX29 Philadelphia reported.
Goal didn’t present a particular motive for scrapping the plans in statements to native information retailers.
“We routinely assess our present tasks and have made the choice to now not pursue a retailer on this location,” Goal spokesperson Jim Joice instructed the Philly Voice.
TARGET POINTS TO RETAIL CRIME AS REASON AS COMPANY SET TO SHUTTER 9 STORES
Goal has reportedly scrapped plans to open a brand new retailer in Philadelphia’s College Metropolis neighborhood. The retail large didn’t present a particular motive as to why in statements to native information retailers. (Bing Guan/Bloomberg through Getty Pictures / Getty Pictures)
Fox Information Digital reached out to Goal for remark however didn’t instantly hear again.
In September, Goal introduced {that a} whole of 9 shops throughout 4 states had been shuttering attributable to ongoing theft and arranged retail crime. (Scott Olson/Getty Pictures / Getty Pictures)
Earlier this yr, Goal shut down a retailer location in Heart Metropolis attributable to underperformance. The retailer nonetheless has 10 shops in Philadelphia and about 50 all through the better metropolitan space, in response to the newspaper.
OVER 500 TARGET EMPLOYEES AFFECTED BY NEW YORK, SEATTLE, OREGON CLOSURES
The choice on the brand new retailer comes after the retail large introduced in September {that a} whole of 9 shops can be closed in New York Metropolis, Seattle, San Francisco, Oakland, Pittsburgh and Portland.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| TGT | TARGET CORP. | 111.01 | +1.45 | +1.32% |
Goal had cited theft and organized retail crime as elements in its determination to shut these shops.
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Greater than 500 Goal workers had been impacted by the crime-related retailer closures in New York, Seattle and Oregon.
