Target recently announced the closure of nine stores in New York; Seattle; the San Francisco and Oakland area; and Portland, Ore., citing employee and guest safety
Target Corp.’s recent announcement that it will close nine stores across four states marked the latest chapter in the retail industry’s ongoing struggle against theft and organized retail crime.
The news garnered plenty of attention, although Target has not revealed data about specific incidents at the stores. Nonetheless, researchers have sought to fill in these gaps.Citing publicly available crime data, Popular Information reports that stores being closed in New York, San Francisco and Seattle actually have lower levels of theft than nearby stores that have remained open.
“Target’s decision to close stores in cities like San Francisco, New York City and Seattle, where foot traffic has declined and theft rates are notably high, aligns with a strategic move to mitigate financial losses,” Gravy’s chief marketing officer, Jolene Wiggins, said in a statement. “However, the closure of stores in a city like Portland, where customer visits have recently surged, might seem puzzling at first glance.
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