Planned big-box stores won't open
Construction for several new big-box stores in the Chicago area has been cancelled. Target, Wal-Mart and Home Depot have pulled back on plans for new sites.
Crains Chicago Business reports that Target won't open stores in Morris, Antioch, Arlington Heights, and at 76th and Ashland in Chicago, as previously planned. Wal-Mart has axed stores in Aurora, St. Charles, Crystal Lake, Elgin, East Dundee and Bradley. And Home Depot has called off projects in Minooka and at 119th and Interstate 57 in Chicago.
Analysts say many consumers are financially struggling with the housing market, and that may be the reason these stores don't want to expand.
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