Target Corp. is closing its store at 12th and Chestnut streets in Center City nearly seven years after opening the location. 

The company said it will shutter the 19,000-square-foot Washington Square store due to several years of declining performance. The store, one of Target’s small-format locations, is scheduled to close May 13. 

Target (NYSE: TGT) also cited two nearby stores in Rittenhouse Square and at Broad and Washington as better performing locations.

*Article courtesy of Philadelphia Business Journal

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