Omnichannel

Target shutting stores due to theft, safety issues

RCP - stock.adobe.com

September 27, 2023

Target is closing nine stores by Oct. 21 in several states due to theft activity and concerns about worker and customer safety.

The stores are in New York, Seattle, San Francisco and Portland, according to a New York Times report.

"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 a statement, according to the Times.

Earlier this year Target's chief financial leader warned that loss of merchandise could cost the retailer a $500 million profit loss.

The news comes six months after the retailer announced it was making investments to boost growth and provide customers with a differentiated guest experience. It aims to deliver "affordable joy" and a "renewed" focus on shoppers looking for a deal, according to a press release. The plan includes rolling out drive-up returns nationwide, opening 20 stores and updating 175 locations.