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Business community speaks out after Target blames crime for U.S. store closures

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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…

New York —

“The US Chamber is deeply concerned with increasing reports of stores closing in communities across the country due to large-scale theft and looting,” Tom Wickman, senior vice president of state and local policy at the US Chamber of Commerce, told CNN in a statement on Wednesday. “No store should have to close because of theft.”through the industry on Tuesday by saying it will close nine stores across four states due to large-scale theft.

“We are hearing from members large and small about the problems they continue to face from crime and, in some areas, a lack of prosecution of criminals,” Wickman said.The Chamber of Commerce said it is pushing for new legislation to close loopholes that let people sell stolen products and it is “calling on prosecutors to do their jobs and hold criminals accountable.”

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