Case in point, my Nephew once worked for Target in what used to be their flagship store in the area. Several years ago they opened a new flagship store literally 2.9 miles up the road. As the crow flies I think it's closer to 1.5. This wasn't a move. They left both stores open. They're still both open to this day.

Management immediately started bitching at all the low level employees that they weren't "hitting numbers" anymore as if the cashiers or stockers had anything to do with this. Uh, dickhead, you cannibalized your own business because now 100% of the people who live in the direction of the new store aren't going to drive right past it to come here; they're going to go to the new store instead. You didn't make the pie any bigger, all you did was take the same pie and slice it in half.

I don't know how many millions of dollars it cost them to build, stock, and staff that new store for no goddamn reason whatsoever.

Yeah at some point the metric people used to value a stock was Square footage space, but that rule broke a long time ago.