Business community speaks out after Target blames crime for Bay Area store closures

📆 28/09/2023 21:49:00
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Target sent shockwaves through the industry on Tuesday by saying it will close nine stores across four states due to large-scale theft. It is not clear whether the stores were under-performing or r…

Business leaders are expressing alarm after Target became the latest retailer to blame crime for pulling the plug on stores.

Crime statistics are not growing significantly more serious. But as economic fears grow amid inflation and rising borrowing costs, shoplifting often comes with the territory, industry watchers say. “We call on policymakers to tackle this problem head-on before it gets further out of control,” Wickman said.

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Target closing 3 Bay Area stores due to retail theft, company announces'We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests.' Target says it is closing nine stores across four states due to retail theft including three in the Bay Area.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »