As of February 2025, Target has not announced any new store closures. The most recent closures occurred in October 2023, when nine stores were shut down due to safety concerns and theft. These closures affected locations in New York City, Seattle, San Francisco, Oakland, and Portland.

In the broader retail landscape, several chains have announced closures in 2025. Walgreens plans to close 1,200 stores by the end of 2027, with 500 closures expected in the 2025 fiscal year. CVS is also closing stores in areas with overlapping locations or low foot traffic, having already closed 266 stores and planning to close 320 more.

These developments reflect ongoing challenges in the retail industry, including shifts in consumer behavior and economic factors.