These Target stores

The retail chain Target announced the closing of nine stores in major cities across four states, blaming theft and organized retail crime that made the environment unsafe for staff and customers – and unsustainable for business.

According to the company, they struggle to contain store crimes that have hurt their bottom line.

The company will close stores in New York City, the San Francisco Bay area, Portland and Seattle, explicitly citing retail theft as the driving factor for the closures.

“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 press release.

Business Insider

Despite “adding more security team members, using third-party guard services, and implementing theft-deterrent tools,” the challenges with crime persisted. 

The stores in question are listed below.

  1. New York City:
    • Harlem: 517 E 117th St. (96 remaining stores, over 20,000 team members)
  2. Seattle:
    • University Way: 4535 University Way NE
    • Ballard: 1448 NW Market St., Ste. 100 (22 remaining stores, nearly 4,000 team members)
  3. San Francisco/Oakland:
    • SF Folsom: 1690 Folsom St.
    • Oakland Broadway: 2650 Broadway
    • Pittsburg: 4301 Century Blvd. (32 remaining stores, over 6,400 team members)
  4. Portland:
    • Galleria: 939 SW Morrison St.
    • Powell: 3031 SE Powell Blvd.
    • Hollywood: 4030 NE Halsey St. (15 remaining stores, more than 2,500 team members)

As per Target CEO Brian Cornell, the retail theft was “a worsening trend that emerged last year.”

“The problem affects all of us, limiting product availability, creating a less convenient shopping experience, and putting our team and guests in harm’s way,” Cornell told CNBC.

The company is allying with the U.S. Department of Homeland Security’s Homeland Security Investigations division, because as they stated, “While we will continue to make meaningful investments throughout our business, we cannot solve this issue on our own.”

They did not comment whether the stores were under-performing or reaching their revenue goals, but said they expected to lose $500 million this year due to rising theft.

Please SHARE this article with your family and friends on Facebook.

Bored Daddy

Love and Peace

Monica Pop
Monica Pop
Monica Pop is a senior writer for Bored Daddy magazine covering the latest trending and popular articles across the United States and around the world.

More from author

Related posts

Latest posts

U.S. Faces First Backyard Bird Flu Case as Emergency Declared in Several States

The Centers for Disease Control and Prevention (CDC) has confirmed the first severe case of avian influenza A(H5N1) ("H5N1 bird flu") in a backyard...

Heartwarming Holiday Moments That Changed My Life Forever

A Gift That Changed Everything When I was a child, my family couldn’t afford gifts during the holidays and the magic of the season. Determined...

My sister asked me to look after my niece, but just hours before she returned, I realized the child was missing

Babysitting my niece for a day made me realize a lot of things about life. Who thought such a small child could hold such...

The man I rescued in a storm 20 years ago appeared at my door yesterday

I was young, full of dreams, and determined to succeed. While attending college, I worked at a local diner, hoping to save as much...

An orphan’s prayer for his mother to come in church leads to an unbelievable answer

That ancient chapel has heard the pleas of Alan, a six-year-old boy, many times. As he knelt on the stone floor, this orphan's prayer...

I rented an apartment to my husband’s mistress

Mila believed her life was perfect. She was married to the man she loved, Richard, and was very successful in the field of real...