CHICAGO - MAY 23: Shoppers pay for their merchandise at a Target store May 23, 2007 in Chicago, Illinois. Today Target reported and 18 percent increase in it's quarterly earnings, beating analyst expectations. (Photo by Scott Olson/Getty Images)(Credit: Scott Olson/Getty Images)
MONROE (WWJ) – Target is closing nearly a dozen stores nationwide, including three in Michigan.
The retailer announced Tuesday it is shutting down stores in Monroe, Southfield and Bay City by Feb. 1, the first day of the company’s fiscal year. All three locations are located in shopping malls.
READ MORE: Lighthouse Partners With Gleaners To Expand Food Relief“The decision to close a Target store is only made after careful consideration of the long-term financial performance of a particular location,” the Minneapolis-based company said in a statement.
READ MORE: 3 Dead, 9 Hurt In Separate Weekend Shootings In DetroitAll eligible employees will be offered the option to transfer to another Target store or accept a separation package.
MORE NEWS: Olivia Newton-John, Beloved Singer, Songwriter And Actress, Dies At 73Other Target stores closing their doors are located in Georgia, Indiana, Iowa, Illinois, Kansas, Minnesota and Texas.