With retail companies going bankrupt at an alarming rate, the value of their assets is often the first to go.
As an example, Target announced it would close nearly all of its stores in December and will have no more retail stores in the U.S. by the end of March.
The retailer, which also owns Toys R Us and Best Buy, also said it would lay off another 10 percent of its workforce.
The company said it had lost more than $30 billion in revenue since 2009 and that it was “not ready to turn the page on this long journey.”
In August, the New York Stock Exchange announced that its board of directors was recommending the company go public, citing the company’s “strong financial position, and strong brand” and that the company was “in good financial shape.”
The company is expected to report its fourth-quarter earnings on Wednesday.