$400 mil, some idiot said "theft's no big deal, the store can just write it off"

[theking]

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....

[Hung_Low]

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.

[theking]

Why would they wasted all these public resources if "theft is no big deal, they can just write it off" like some idiot claimed?  :

Fencing rings that netted $18 million in L.A. railroad thefts are taken down, authorities say

Two theft rings that netted more than $18 million worth of merchandise stolen from railroad cars have been dismantled, authorities said Nov. 17, months after images of a sea of discarded containers along Union Pacific tracks in Lincoln Heights, Calif., drew national attention.