Target to Close Stores in NYC, San Francisco Citing Safety, Theft Concerns
26 Setembro 2023 - 4:55PM
Dow Jones News
By Ben Glickman
Target will close nine stores across four states because of
theft and organized retail crime.
The Minneapolis-based retailer said Tuesday stores in New York
City, Seattle, San Francisco and Portland, Ore., would close
effective Oct. 21.
Target said theft was "threatening the safety of our team and
guests, and contributing to unsustainable business
performance."
Investments to prevent theft, including adding security guards,
using third-party guard services and using theft-deterrent tools,
have been ineffective in curbing retail crime, according to the
company.
Target will work with certain team members at closing locations
to allow them to transfer to other Target stores.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
September 26, 2023 15:40 ET (19:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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