Re:Target says it's closing stores due to theft. The data te...
by dghlsakjg on Saturday October 07, 2023 @12:20PM
(#37803001)
That target used to be the closest one to me, and I NEVER went there. That store was awful in every way, I don’t doubt theft was bad, but I doubt that if theft went away it would have kept the store alive.
Re:Target says it's closing stores due to theft. The data te...
by koil on Saturday October 07, 2023 @12:25PM
(#37803058)
I live right by Portland and have visited the three stores that are closing there. Every target in this area is hit hard by theft because there are many unhoused people who need things, or addicted people who need things to sell, and word got out that target wasn’t going to let their security people touch anybody.
The three stores closing here are some of the hardest to drive to, so it’s no surprise to me that the average payment size would be smaller and result in way slimmer margins there.
This is also following all Walmarts in town closing, likely for theft as well, Nikes employee store downtown closing due to theft and employee unsafety, and countless local businesses packing up shop and moving to other areas or shutting their doors.
It’s a shame but it’s so common in the area that the news didn’t surprise me in the slightest.
Not to say that’s the reason for closing, because they are certainly in high crime areas that the article’s data fails to represent. Also worth noting that the Northgate one is at the top of a multi level mall structure so crime is much less likely to happen there despite it being a much worse area.