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this post was submitted on 14 Oct 2023
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https://www.businessinsider.com/target-closing-stores-due-to-crime-stats-tell-another-story-2023-10?op=1
ehhhhhhhhhhhhh. They're blaming theft, but that's not it. Theft might be a part of it, but the stats nearby contradict that. We don't have access to their internal theft metrics, but the city data doesn't pan out. When there are stores (mission district) that have higher theft and are staying open, then is it really theft?
Or is it poor retail performance since WFH is the new king and people live in the suburbs more than in the city. When continue to order online more and more instead of shop at a physical store.
Theft is an easy way to blame other people without providing evidence. It's not the CEO's failure to adapt to changing market conditions, it's the poors! It's their fault! /s
This.
Both Walmarts in Portland OR closed a few months ago. Good fucking riddance