Target Closing Stores in San Francisco Bay Area Due to Rampant Retail Theft
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Target is closing 3 stores in the San Francisco Bay Area and 6 other stores across the U.S. due to rampant retail theft.
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The Bay Area stores closing are located in San Francisco, Oakland, and Pittsburg. Residents say the closures will impact their shopping.
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Target has added security measures but says organized retail crime is threatening safety and leading to unsustainable business performance.
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The retailer has seen a sharp rise in theft-related losses, estimated at over $1.2 billion this year. Violent incidents against workers are also up 120%.
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Other major retailers like Walgreens, Old Navy, and Nordstrom have closed San Francisco stores recently due to retail theft and pandemic impacts.