Target Blames Organized Retail Crime for Store Closures
Target claims that looting, violence, and theft have forced the company to close several stores.
To what extent does organized retail crime actually contribute to store closures? In most cases, it is difficult to tell. Aggregate data point to a “healthy” shrink level, whereas big box stores have a different perspective on the matter, probably because they are easier targets and victims. Nevertheless, theft and shrink have multiple causes that should be addressed to improve performance.