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93-3WMMR Audio on Demand presents the Preston and Steve Show podcast.

And now Preston and Steve's news updates with Kathy Romano.

Hi, here we are today Wednesday the 15th day of March good morning, Kathy.

Good morning in the news this morning. Target is closing its Washington Square

store in Center City, Philadelphia. The store on the 1100 block of Chestnut Street will close

for good on May 13th. A target spokesperson says that they are taking the action after

multiple years of working to improve performance. To the guests who shopped with us at Washington Square,

we appreciate you shopping with us and we hope that you'll continue to visit us at another location

close to you or via target.com and the target app the spokesperson said in a statement.

Did you like some vote of candles after hearing this? I did. I don't know this store though.

Is it one of those big stores or is it the smaller store? I think it's a small one, right?

It's a small one. The shutdown follows the closure of several other high-profile stores in the

area, including Wawa. It has residents concerned about the state of shopping in their neighborhood.

But as of November of 2022, 80% of storefronts are occupied, which is up from 45% during the

height of the pandemic in the summer of 2020. It's also nearing the 89% occupancy it was before

the pandemic. The majority of storefronts are currently occupied by independent or local

retailers and restaurants. The center city district said in their retail report that many

national chain retailers close stores across the country due to the trends accelerated by the

pandemic. The target store first opened in 2016 and employees roughly 45 full and part-time

employees. Those team members are being offered the opportunity to work at other nearby locations.

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