In a move that should surprise no one, Target has decided to shutter several stores after lengthy periods of theft and violence in major U.S. cities. Can you guess which metropolitan areas are going to be affected?
In a story from CNBC, we learned that the embattled big box retail store is adding closures to its list of troubles. Target was under fire earlier this year due to some choices made during Pride and since 2020. However, long before that, locations in NYC, San Francisco, Seattle, and Portland had experienced elevated levels of organized shoplifting and threats to employee safety.
A press release from Target did not sugarcoat the reasons why several employees were about to find themselves without jobs:
At Target, we take the decision to close stores very seriously, and only do so after taking meaningful steps to invest in the guest experience and improve business performance. With that said, we have made the difficult decision to close nine Target stores across four states, effective Oct. 21.
In this case, 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. We know that our stores serve an important role in their communities, but we can only be successful if the working and shopping environment is safe for all.
Before making this decision, we invested heavily in strategies to prevent and stop theft and organized retail crime in our stores, such as adding more security team members, using third-party guard services, and implementing theft-deterrent tools across our business. Despite our efforts, unfortunately, we continue to face fundamental challenges to operating these stores safely and successfully.
The lengthy corporate letter went on to name the exact locations, how many remain in the immediate area, and what steps the retailer will take to improve security and safety. Here are the stores that will be shut down in four states as of Oct. 21:
New York City Market:
- Harlem: 517 E 117th Street
Seattle Market:
- Seattle University Way: 4535 University Way NE
- Seattle Ballard: 1448 NW Market St, Ste 100
San Francisco/Oakland Market:
- SF Folsom and 13th St: 1690 Folsom St
- Oakland Broadway & 27th: 2650 Broadway
- Pittsburg: 4301 Century Blvd
Portland Market:
- Portland Galleria: 939 SW Morrison St
- Portland Powell: 3031 SE Powell Blvd
- Portland Hollywood: 4030 NE Halsey St
Retailers fleeing San Francisco aren’t anything new. Still, the flight of businesses from the once-lucrative city has certainly increased based on the videos we’ve seen of now-empty storefronts.
[Source: CNBC]
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