Target will close nine stores in major cities across the US due to violence, theft, and organized retail crime, citing the threat to the safety of its employees and customers as well as unsustainable business performance.
Following Target's announcement that it will close two Seattle stores due to safety concerns, questions arise about whether crime was the primary factor behind the decision, as police data points show that the most police responses this year were not directly related to the Target stores in the affected areas.
Business leaders express alarm as Target announces the closure of nine stores due to large-scale theft, prompting concerns about the growing problem of organized retail crime.
The former vice chairman of Target expressed his distress over the escalating theft and crime rates that have led the company to close stores in liberal cities due to concerns for public safety.
The rise in theft and violence at major retailers like Target is not only impacting the companies themselves but also negatively affecting the communities they operate in, leading to store closures, job losses, and reduced tax revenue.
Former Best Buy CEO Hubert Joly has commented on Target's mass store closures, highlighting that it is a reflection of rampant retail theft in our society and the tensions that companies need to address.
Target is closing nine stores in four metropolitan areas due to organized retail crime and other pressures from the Covid-19 pandemic, including the shift to remote work, the rise of e-commerce, and ongoing worker shortages.
