Target to close nine stores across four states because of theft and crime
September 27, 2023
Target Corp. will shutter nine stores across four states on Oct. 21 because of theft and threats to safety, the company announced Tuesday, the latest - and loudest -example of a retailer exiting urban locations because of crime.
Target said it made the "difficult decision" to close the stores - which include locations in the Harlem neighborhood of New York City, Seattle, Portland and the San Francisco Bay area - after the Minneapolis-based company determined that theft-preventive measures had proven ineffective. The company said it had tried adding more security, including third-party guards, and using deterrents such as locking up merchandise.
"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 said. "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."