According to the company, “organized crime” is a threat to its customers and employees.
Retail businesses in the US are increasingly facing violence and theft. Target, the nation’s largest distribution company, closed nine stores in major cities across the United States on Tuesday due to security concerns.
We cannot operate these shops because organized crime and theft in retail are a threat to the safety of both our staff and customers and have an impact on our business. The company stated that “we know our stores are important in the communities they serve, but success is only possible if everyone can work and shop safely.”
Target has said that it is investing heavily to stop and prevent “theft” and organized crimes in its stores. This includes adding members to its security team, hiring third party surveillance services, and installing theft deterrents throughout the business. “Despite all our efforts, it is unfortunate that we still face major challenges operating the stores successfully and safely,” concludes Mr. He.
Three stores in Portland will close, as well as three others in San Francisco, Oakland, Seattle, and New York. In the same market, this company operates large format stores that sell food, clothing, household goods, and accessories. Inflation and consumer preferences have affected the company, as well as security issues.
It assures its customers that the company will fight organized crime and theft in retail by investing heavily to ensure security. The company has taken several measures, including the hire of additional security personnel as well as third-party monitoring services. To a certain extent, lockable boxes can be implemented for merchandise categories that are most susceptible to theft. The program will train security personnel and store managers to reduce the risk of organized crime in retail and protect themselves. It will also increase investment in technology.
Parallel to this, the company will work with other businesses and authorities in the industry to support initiatives that enhance security. One of them involves promoting in Congress, the Law to Fight Organized Crime in Retail Trade which establishes a federal working group to combat theft and organised crime. Target will invite members of Congress and state legislators to visit its stores, as well as city officials, district prosecutors, police officers, and community partners, in order to share their experiences and promote solutions.
Target was harassed by conservative activists this year for the products it sold in Pride Month. Homophobic campaigns also impacted its sales. The second-quarter billing fell by 4.9% to 24384 millions dollars (or 22,300 millions euros). Although the company’s forecasts were lowered for the remainder of the year it still surprised by a higher than expected profit.
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