Tell Us Again About Shoppiing In Stores, Grandpa Posted on September 26, 2023 at 11:18:19 PM by Grandpa Retail Shopper
Updated Tue, September 26, 2023 at 3:52 PM CDT
Target closes 9 stores in response to retail theft, adds locked cases at some stores
Retail theft is now a $112 billion problem, a National Retail Federation report found.
Target (TGT) is taking action in response to retail theft.
On Tuesday the big box retailer announced plans to close nine stores, effective Oct. 21.
"We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," the company said in a statement.
The stores set to close include one in Harlem, N.Y; two in Seattle, Wash.; three near San Francisco and Oakland, Calif.; and three in Portland, Ore. All "eligible" employees will be offered the opportunity to transfer to other Target locations, the company said.