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Target Says It Lost $400 Million To Shoplifting Over Three Months
International Business Times ^ | 11/16/2022 | Caroline Guerin

Posted on 11/17/2022 6:34:57 AM PST by Bon of Babble

Organized retail theft cost Target $400 million in the third quarter, the company announced Wednesday.

(Excerpt) Read more at ibtimes.com ...


TOPICS: News/Current Events
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For the quarter, Target missed its financial forecasts and executives lowered their guidance for the holiday shopping season.

Target CEO Brian Cornell said "guests' shopping behavior increasingly impacted by inflation, rising interest rates, and economic uncertainty" cut into sales.

Target (TGT) stock dropped more than 12% in early trading.

1 posted on 11/17/2022 6:34:57 AM PST by Bon of Babble
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To: Bon of Babble
Gee, just a few short years ago Target was celebrating the breakdown of society:
The Target department store chain has jumped into the transgender bathroom debate by declaring that men who claim to be women may use whatever bathroom or changing room they choose.

“Inclusivity is a core belief at Target.

Now they can deal with the results.

2 posted on 11/17/2022 6:38:12 AM PST by Bon of Babble (Rigged Elections have Consequences)
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To: Bon of Babble

Target has a policy against people identifying as thieves? How very unwoke.


3 posted on 11/17/2022 6:39:50 AM PST by hardspunned (Former DC GOP globalist stooge )
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To: Bon of Babble

Keep voting Democrat maybe you’ll get special protection from their policies.


4 posted on 11/17/2022 6:41:25 AM PST by ProudDeplorable (Concentrated power has always been the enemy of liberty. ~ Ronald Reagan)
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To: Bon of Babble

I bet most of the increase in theft came from Soros DA jurisdictions.


5 posted on 11/17/2022 6:41:46 AM PST by chuckee
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To: Bon of Babble

Well, there’s part of the explanation for the ‘missing workers’...


6 posted on 11/17/2022 6:43:07 AM PST by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: Bon of Babble

And their customers are the ones that pay for it.

I am not a customer because I boycott Target because of their gay / trans agenda.


7 posted on 11/17/2022 6:45:44 AM PST by boycott
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To: Bon of Babble

Enforce shoplifting with deadly force and this crap will slow dramatically.


8 posted on 11/17/2022 6:46:56 AM PST by Delta 21 (MAGA Republican is my pronoun.)
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To: Bon of Babble

I really like Black Lives Matter days, where all electronics are free.


9 posted on 11/17/2022 6:48:31 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: Bon of Babble

In many jurisdictions shoplifting is not prosecuted by liberal DAs or there are high dollar limits for shoplifting that encourage this theft. I know one large grocery chain has to use banning known shoplifters from entering the store under trespass laws as the local jurisdictions won’t prosecute them for theft.


10 posted on 11/17/2022 6:48:55 AM PST by The Great RJ
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To: Bon of Babble

> Inclusivity is a core belief at Target. <

Well, that’s nice. If Target can pretend that men are woman, then it’s an easy jump to pretend that shoplifters are just borrowing items, and will later return them.

See, Target? It’s actually pretty simple. Take my advice and your shoplifting numbers will dramatically improve. Yes, you will have a borrowing problem. But, hey. I can’t solve everything at once.


11 posted on 11/17/2022 6:50:17 AM PST by Leaning Right (The steal is real.)
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To: The Great RJ
I know one large grocery chain has to use banning known shoplifters from entering the store under trespass laws

How do they actually enforce this? Have bouncers with a video screen of offender pics at the entrance?

12 posted on 11/17/2022 6:53:15 AM PST by nascarnation (Let's go Brandon!)
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To: Bon of Babble

Target company officials ALLOW the theft. They are a huge company and could work getting law abiding politicians in office.

Walgreens tried to close a store in NYC recently but democrat party city officials told them if they did they would not be able to open any new locations in the city. The city gov’t politicians are ok with the theft and the assaults that happen in and around the store.


13 posted on 11/17/2022 6:57:52 AM PST by minnesota_bound (Need more money to buy everything now)
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To: Bon of Babble

C’mon, these are just reparations.


14 posted on 11/17/2022 6:57:57 AM PST by Tommy Revolts
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To: Bon of Babble

C’mon, these are just reparations.


15 posted on 11/17/2022 6:57:57 AM PST by Tommy Revolts
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To: Bon of Babble

More democrat policies: “If they only steal less that 999.00’s worth, then we won’t prosecute”.

Democrats are encouraging this kind of behavior. They want chaos, crimes and civil disobedience. Its like they want a collapse of our society.


16 posted on 11/17/2022 7:00:47 AM PST by realcleanguy (quickly things are falling apart, now that the )
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To: Bon of Babble

Gee. That’s a shame.


17 posted on 11/17/2022 7:07:53 AM PST by P-Marlowe (I got the <ΙΧΘΥΣ>< variant. Catch it. John 3:16)
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To: Bon of Babble

Wow, Winowa Ryder has been busy I see.


18 posted on 11/17/2022 7:08:17 AM PST by Rurudyne (Standup Philosopher)
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To: Bon of Babble

Go out of business......would warm my heart


19 posted on 11/17/2022 7:14:17 AM PST by GenX4Real
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To: Bon of Babble
If I was CEO, THAT CRAP WOULD NEVER HAPPEN. NEVER.
20 posted on 11/17/2022 7:15:30 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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