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Target says it will close nine stores in four states due to theft and organized retail crime

2023-09-27 04:27
Target is closing nine stores across four states, claiming theft and organized retail crime are creating an unsustainable business environment.
Target says it will close nine stores in four states due to theft and organized retail crime

Target is closing nine stores across four states, claiming theft and organized retail crime are creating an unsustainable business environment.

"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," Target said in a release. "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 stores will close on October 21. The stores include the East Harlem location in New York City, two locations in Seattle, three locations in Portland, and three locations in San Francisco and Oakland.

The retailer said it had added more security and implemented other anti-theft tools before deciding to close the stores.

Affected employees will be able to transfer to other Target locations.

It is not clear whether the stores were under-performing or reaching their revenue goals. Target did not comment on this.

This is a developing story and will be updated.