These Retailers Are Bucking The Store Closure Trend—for Better Or Worse

Target said Monday it will add to its growing New York City footprint with a midtown store opening this October. It's one of roughly 30 small shops the retailer plans to open this year.


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Located in dense urban areas like Manhattan and Philadelphia, such shops that are already open generate two times the sales productivity of an average Target store, the company has said. It's aiming to cut the ribbon on 100 of these over the next three years.


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Still, some investors expected to hear the retailer would quicken the pace of its store closures at its recent investor day in New York City. Despite a third straight quarterly comparable-sales decline over the holidays, Target stuck with its strategy of exiting 10 to 15 locations a year.

Source : http://www.cnbc.com/2017/03/20/these-retailers-are-bucking-the-store-closure-trend.html

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