Minneapolis-based retailer Target Corp. plans to close its store in northern Chula Vista at the close of business on Feb. 1, 2014.

The company said the store, opened in 1983 at 40 N. Fourth Ave., “is being closed after careful consideration of the financial performance and potential of this specific location.” All eligible employees will be offered the option to transfer to other nearby Target locations.

Two other Chula Vista Target stores will remain open, at 1240 Broadway and 910 Eastlake Parkway.

Target Corp. (NYSE: TGT) operates 1,888 stores in the United States and Canada, including 20 in San Diego County.

— SDBJ Staff Report