Target Closing Colorado Springs Store

[KingU8ol0Soopers]

Target announced today the closing of a 43 year old, 131,000 sq. foot store at 335 N. Academy Blvd. in Colorado Springs for "financial reasons." There is a fairly new SuperTarget about 4.5 miles away.

Three years after the Target store opened, the Citadel Mall, located right across the street opened, and this area was a very strong retail area until around the 2000's. Since then the retail corridor that the store is in, the Academy Blvd. corridor, has seen some tough times. Several major retailers, including Safeway, Albertsons, Longs Drugs, Walmart, Best Buy, TJ Maxx, Hobby Lobby, Sports Authority, Shoe Carnival, Macy's, as well as others, have either moved to the nearby Powers Blvd. Corridor, or closed.

Here is a picture of a 100% vacant shopping center which once housed several of those stores.



(It is interesting to note, however, that Lowe's recently demolished a vacant part of a shopping center in this area and built a new store there.)

http://www.gazette.com/articles/store-1 ... rings.html

[Alpha8472]

There is a huge Walmart Supercenter just a few blocks away. I can see why this Target has gone out of business.

A Target without a full line of groceries simply cannot compete with a Walmart Supercenter. Target probably wanted to simply cut its losses and focus on its Super Target 4.5 miles away.

In some areas, Walmart is actually decently run and is a tolerable place to shop. In some areas, the Walmarts are in very rough and often dangerous neighborhoods and that is why some people prefer to shop at Target even though they have higher prices. Target often has less of a rowdy crowd. In some cases the shoppers at some Walmarts can be dangerous. You get harassed by beggars and panhandlers at Walmart. Just trying to get through the Walmart parking lot, you get confronted by all sorts of seedy people selling illegal stuff out of the trunks of their cars.

[Super S]

43 years old is OLD for a Target store.

[KingU8ol0Soopers]

There is a huge Walmart Supercenter just a few blocks away. I can see why this Target has gone out of business.

A Target without a full line of groceries simply cannot compete with a Walmart Supercenter. Target probably wanted to simply cut its losses and focus on its Super Target 4.5 miles away.

In some areas, Walmart is actually decently run and is a tolerable place to shop. In some areas, the Walmarts are in very rough and often dangerous neighborhoods and that is why some people prefer to shop at Target even though they have higher prices. Target often has less of a rowdy crowd. In some cases the shoppers at some Walmarts can be dangerous. You get harassed by beggars and panhandlers at Walmart. Just trying to get through the Walmart parking lot, you get confronted by all sorts of seedy people selling illegal stuff out of the trunks of their cars.

I forgot that that Walmart was that close to the Target. That's probably a big contributing factor to the store's closing.

The Walmart known down the street, known as the "Platte Walmart" has a notorious reputation for being a less than desirable place to shop (see this meme about it, for example). Searching "Platte Walmart" on the local newspaper's website comes up with a bunch of articles about different crimes committed there. Although the Target was more of a desirable and safer place to shop, it looks like the Walmart, in a way, won.

43 years old is OLD for a Target store.

Based on the pictures in the news article, they have done a great job of keeping it up to date.

[KingU8ol0Soopers]

Just a little year under Target's announcement of this store closing, Garden Ridge announced that they're opening up a store here. Considering how many vacant commercial properties there are in the part of town where this store is located, I think this is a pretty good turnover time for this property.

http://gazette.com/texas-based-home-dec ... le/1508089