Dunnes, the parent company of Target and Best Buy, is planning to close a store in the Orlando suburb of Tempe, according to a press release.
The store, which opened in the spring, will be demolished and the property sold, the release said.
The property is near the intersection of US-2 and Paseo de los Muertos and has about 50 employees, according the release.
“It’s unfortunate to see a company that has built a reputation as a top-tier retailer shut down.
This is the right decision for us to make,” said Greg Hensley, CEO of Dunnes Brands, in the release, adding that he is committed to keeping the store open and providing quality customer service.
In August, a new Target store opened in Tempe.
The Target store has a full service kitchen, and the restaurant offers a full menu of vegetarian and vegan meals.
The new location will be located at 1021 N. Paseos Road.
The closure will affect more than 600 workers, according Hensay.
The company is planning a sale of the property.
Hensley also said the store’s closure will benefit customers by creating more job opportunities, and is one of several Target locations in the area that have closed.
At least four stores have closed in Florida in recent years: Target, Walmart, Walmart Supercenter and Walgreens.