• Strategic Resource Group

Target temporarily closes 23 Southern California stores

Updated: Jul 13, 2020

San Gabriel Valley Tribune: Target Corp. is temporarily closing more than 175 stores in 13 states, including 23 Southern California locations, as a result of looting, property damage and violence tied to Black Lives Matter protests ... The closures — which in many cases will involve significant repairs and restocking of stolen merchandise when the stores reopen — will have a far-reaching impact, according to Burt P. Flickinger III, managing director for the retail consulting firm Strategic Resource Group.

“Each Target store employs 200 to 500 workers, and when service people are included that’s about 700 to 800 jobs per store,” he said. The number further increases when other retail outlets that provide service to Target workers are figured in. All told, each Target store supports 1,000 to 2,000 area jobs, Flickinger said, and stores that plan to reopen will face higher insurance and construction costs. “In some cases, the cost to rebuild is prohibitively expensive, so they can’t,” he said. “It will take anywhere from a few years to five years for some of these stores to recover.”

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