Target said it expects shoplifting will continue to be a “significant financial headwind” despite the big discounter’s recent move to shutter locations popular with pillagers — including a store in New York City.
“We think progress there probably doesn’t happen quickly,” chief financial officer Michael Fiddelke said on a Wednesday earnings call with Wall Street analysts.
In September, Target revealed a surprise move to close nine urban stores by Oct. 21, including in San Francisco, Seattle, Portland, Ore., and one in Harlem that had been a magnet for organized crime.
At the time, the company cited the “safety” of its employees amidst increasingly violent incidents.
On Wednesday, top management admitted that Target’s theft problem — known as “shrink” in industry parlance, continues to dog its 1,956 stores nationwide with no end in sight.
It’s such a sad state of affairs to think a solution involves buying more overpriced crap we don’t need.
Hire ARMED Guards > SOLVED !!!!
The issue isn’t “shoplifting.” The issue is they put everything behind locked cases because of claims of shoplifting, which made it entirely inconvenient to shop at these places. If I need to find an employee to unlock 5 different display cases in order to but what I need, I’m simply just going to shop somewhere else. I don’t need a chaperone to unlock toothpaste from a display case.
Shooting those who are Looting > SOLVED !!!!