The retailer is the latest to curb its operations in city centers in response to safety concerns.
Target is closing nine stores across four major metropolitan areas in response to a surge in theft and crime, the company said Tuesday.
“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 news release. The company has been vocal in calling out rising levels of crime at its stores. During its latest quarterly call with investors in August, the company’s management team said theft incidents involving violence or threats of violence had increased 120% from a year earlier in the first five months of the year.
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Target to close 9 stores across 4 states, citing theftBig-box retail chain Target Corp. on Tuesday said it would close nine of its stores across four states next month.
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Target closing 9 stores: See the list of stores closing due to high theftTarget is closing nine stores in major cities across the country due to “theft or organized retail crime” that threatens the safety of employees and guests.
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Target says it will close nine stores in major cities, citing violence and theftIt’s the latest move related to theft for Target, which has been outspoken about the industrywide problem of organized retail crime.
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Target to close 9 stores including 3 in San Francisco, citing theft that threatens workers, shoppersTarget said it's closing nine store in four states, including one in East Harlem, New York and three in San Francisco, saying that theft and organized retail crime have threatened the safety of its workers and customers.
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Target to close 9 stores including 3 in San Francisco, citing theft that threatens workers, shoppersTarget said it's closing nine store in four states, including one in East Harlem, New York and three in San Francisco, saying that theft and organized retail crime have threatened the safety of its workers and customers.
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Target to close 9 stores including 3 in San Francisco, citing theft that threatens workers, shoppersTarget said it's closing nine store in four states, including one in East Harlem, New York and three in San Francisco, saying that theft and organized retail crime have threatened the safety of its workers and customers.
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