Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby
tinkeringidiot @ tinkeringidiot @lemmy.world Posts 0Comments 120Joined 2 yr. ago
tinkeringidiot @ tinkeringidiot @lemmy.world
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At least this article calls out that the stores kept open also are busier, so the higher potential for theft has less impact on profitability.
Nobody closes a profitable location solely over theft. The only closures that shoplifting is driving are ones at stores that were already underperforming. If increasing theft drives a store into the red, that’s a sensible closure, but profitability is the real driver, not theft.