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Chicago Tribune
Chicago Tribune
Business
Alexia Elejalde-Ruiz

BRIEF: Target closing two Chicago-area stores

Nov. 04--Target plans to close two Chicago-area stores early next year, among 11 locations it is closing across the country, the retailer said Tuesday.

The Target at 1860 N. Richmond Road in McHenry and at 1717 E. West Road in Calumet City will close Feb. 1, Target said in a news release. The other closings are in Indiana, Michigan, Minnesota, Kansas, Texas, Iowa and Georgia.

"The decision to close a Target store is only made after careful consideration of the long-term financial performance of a particular location," the release stated. "All eligible store team members are being offered the option to transfer to other Target stores. Team members who choose not to transfer will be offered a separation package."

Target, which has 1,801 stores in the United States and 133 in Canada, closed eight stores and opened another 10 during the six months ended Aug. 2, according to its most recent regulatory filing.

aelejalderuiz@tribune.com

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