Nov 27, 2017
The only Target store in central Baltimore City has announced its closure for February.
Target is a company with revenues of 70 billion dollars a year from 1800 stores.
As in other big cities, many chains have closed or moved to the suburbs. Even in the Baltimore suburbs both Sears and Kmart have announced store closings.
What makes Target’s decision and other store closings so much like robbery is that elected officials find tax breaks to bribe companies to open. For example, this Target was part of a mall that got 15 million in tax breaks to renovate.
Over and over, we see retailers pit cities and regions one against another to see how much they can collect before they decide where to put the next store.