Target layoffs will have ripple effect downtown
The cuts at Target amount to one-third of the total layoffs downtown in the last quarter of 2008 and the first quarter of 2009, according to the Downtown Journal. Target is still the largest downtown employer.
"All employers are not equal in terms of their spending habits and their demographics," he said. "And Target employees were better paid and much more oriented toward enjoying Downtown, so it certainly would have some impact."
Downtown workers account for 55 percent of all shopping activity there, so the 1,000 missing shoppers will likely cause changes in the spending habits in the area. The cuts will also lead to a 5 percent traffic decrease in skyway traffic on the blocks surrounding their headquarters, a skyway traffic consultant says.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you'll never miss City Pages' biggest stories.