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: The Detroit Demolition Department Awarding Contracts To Detroit-Based Black Owned Businesses“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: Fund Pays Back Tax Debt Of 1,600 Detroit HomeownersAll eligible employees will be offered the option to transfer to another Target store or accept a separation package.
MORE NEWS: Detroit Man Charged In Connection With Son's Fatal ShootingOther Target stores closing their doors are located in Georgia, Indiana, Iowa, Illinois, Kansas, Minnesota and Texas.