When Target said on September 26, 2023 that it would close nine stores across four states on October 21, 2023, its rationale was that it could no longer continue because of theft.
"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," the company wrote at the time.
And yet, there are questions, based on publicly available crime data, and also suspicions that company strategy, not an onslaught of organized theft, might be the bigger reason.
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