Target: 'Organized retail crime' has driven $400 million in extra profit loss this year
T arget is facing a sharp rise in theft at its stores, saying that it has lost $400 million in gross profit margin this year as goods disappear from shelves. “We have seen a dramatic rise in crime,” CEO Brian Cornell told analysts and investors on a Wednesday call to discuss its latest quarterly results....
Good for them... This is what you get when you catered to the mob instead of sticking to sound business decisions. I remember when the Leftie/Demmie's rioting, looting and destruction was happening in 2020-2021 and Target came out saying they will make their stores more black friendly.
I don't shop at Target so it doesn't matter to me... I do my grocery shopping at a local grocer and other at shopping centers.