In a recent statement, Target announced the company’s decision to close nine stores across four states, effective October 21. The press release cites theft and organized retail crime that threatens the safety of its team and guests as the reasons for ceasing operations in these locations.
The stores being closed next month include multiple locations in San Francisco, Seattle and Portland, Oregon, as well as one location in Manhattan’s East Harlem.
“We know that our stores serve an important role in their communities, but we can only be successful if the working and shopping environment is safe for all,” the retailer said in the statement. Prior to deciding to close, the company “invested heavily” in various strategies to prevent and stop theft, such as adding more security team members, using third-party guard services and implementing theft-deterrent tools.
“The team members at these stores have worked hard to maintain our high standards by creating a positive working and shopping experience for each other, our guests and their communities,” stated the retailer. “We are extremely thankful for their efforts and will be partnering closely with all eligible team members to offer them an opportunity to transfer to other Target locations.”
The company announced investment plans to continue to combat theft and organized retail crime in the press release, including measures at the store level as well as working with associations like the National Retail Federation to fund advocacy.
Shrinkage is growing with nationwide reports of shoplifting and profit losses for retailers.
There have been reports of smaller pilfering events all the way to organized retail crime (ORC) with mobs coming into stores to grab what they can and run out as quickly as possible—a lot of incidents have even been recorded by customers and then picked up by local and national news.
To learn about store safety, whether it’s robbery deterrence, food safety or proper equipment handling procedures for employees, come to the education session “Creating a Safe Store Environment” at the NACS Show in Atlanta October 4.