Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Target CEO: We're seeing 'violent' incidents in our stores, and it's costing us millions
Yahoo Finance ^ | 5/17/23 | Brian Sozzi

Posted on 05/17/2023 8:16:44 AM PDT by CFW

Target (TGT) has become a target for major thefts, and it's taking a huge chunk out of profits.

The retailer estimated in its earnings release Wednesday that inventory shrinkage — mostly the theft of merchandise — would clip profits by a whopping $500 million this year. Factoring in an about $700 million profit hit from inventory shrinkage in 2022, Target is on pace to see $1.2 billion in profits go up in smoke, due primarily to organized retail crime.

Target Chairman and CEO Brian Cornell says the problem is getting worse, is nationwide, and across various merchandise departments.

"The unfortunate fact is violent incidents are increasing at our stores and across the entire retail industry. And when products are stolen, simply put they are no longer available for guests who depend on them," Cornell said on a call with reporters.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Politics/Elections
KEYWORDS: crime; culture; retail; target; theft
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-102 next last
To: CFW

This is NOT nationwide. The ceo needs to get out of his blue city for a while.


21 posted on 05/17/2023 8:26:09 AM PDT by axxmann (If McCain is conservative then I'm a freakin' anarchist.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: OHPatriot
Hey Target, maybe time to adjust your business model?

Exactly - go back to the model where Target was thought of as a designer Walmart and the stores were overrun with legions of suburban MILFs.

They had it made and blew it.

22 posted on 05/17/2023 8:27:28 AM PDT by AAABEST ( NY/DC/CA media/political/military industrial complex DELENDA EST)
[ Post Reply | Private Reply | To 6 | View Replies]

To: CFW

Just yesterday I went to target for a baby gift, as they were registered there. I walked out with nothing. I was shocked at how pro trans they were since I last was there. Not just T-shirts but signs showing how woke…evil..they have become.

https://www.target.com/s?searchTerm=trans+t+shirts&category=0%7CAll%7Cmatchallpartial%7Call+categories&tref=typeahead%257Cterm%257C0%257Ctrans%2520t%2520shirts%257Ctrans%2520t%2520shirts%257C%257C%257Cservice%257C10%257C%257C%257C&searchTermRaw=trans+

I will never walk in there again. They are deep into this..they brought this onto themselves.


23 posted on 05/17/2023 8:27:28 AM PDT by Linda Frances (Woe to those who call evil good and good evil, who put darkness for light and light for darkness. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: joma89

Absolutely.......I’m not really sure why people shop there to begin with.....not much they have that I can’t find at Walmart and probably cheaper.

Last 3 times my wife dragged me in there we walked out empty handed.

Only redeeming value I can see is they have a surprisingly extensive selection of hard to find electronic accessories like cables and plugs.....but I’d just as soon order online and wait than give that woke ass company my hard earned money.

When they banned The Salvation Army I said F ‘em.


24 posted on 05/17/2023 8:29:24 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: CFW

Maybe having a men’s and ladies room used by men and ladies would help?


25 posted on 05/17/2023 8:29:38 AM PDT by albie
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW

26 posted on 05/17/2023 8:30:55 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

I bet big box stores in more conservative states, in which criminals are likely to be punished for repeated arrests for theft, see a lower amount of product being taken as “reparations”.

In my rural area, the thugs are simply shocked when they come into our county to commit crimes, are arrested when doing so, and find themselves sentenced to jail time. We only have one small grocery store and they can’t afford to lose product to shoplifters. Our deputies, whose offices are a half-mile away from the store, are happy to help the store owner out by taking the perps on a tour of the nearby jail facilities. It’s a small building, but the tour takes quite a long time.


27 posted on 05/17/2023 8:31:14 AM PDT by CFW (old and retired)
[ Post Reply | Private Reply | To 12 | View Replies]

To: CFW

But diversity is our strength, right?!


28 posted on 05/17/2023 8:31:50 AM PDT by BuchananBrigadeTrumpFan (If in doubt, it's probably sarcasm)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ImJustAnotherOkie

And I wouldn’t mind giving them a one way ticket back to Africa.


29 posted on 05/17/2023 8:32:46 AM PDT by No name given (Anonymous is who you’ll know me as)
[ Post Reply | Private Reply | To 5 | View Replies]

To: sit-rep

I hate to say it, but that makes a lot of sense!


30 posted on 05/17/2023 8:33:58 AM PDT by No name given (Anonymous is who you’ll know me as)
[ Post Reply | Private Reply | To 16 | View Replies]

To: CFW
Perhaps more Transgenders in bathrooms and clothing for infants and children will help stem the problems Target is experiencing?

LGBTQInfant: Target Releases LGBTQ+ Clothes for Babies, Kids
31 posted on 05/17/2023 8:36:13 AM PDT by Jan_Sobieski (Sanctification)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW

Communist community property redistribution.


32 posted on 05/17/2023 8:36:20 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW

Target is a woke company. Maybe they should try to be even more woke. Hold “Free Stuff Fridays”. Anyone who self-identifies as an oppressed person doesn’t have to pay on those days. Just shop, then leave. No penalties attached. No judgements made.

Yes, that should turn things around.


33 posted on 05/17/2023 8:41:55 AM PDT by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW

It’s costing us millions

They know what they need to do but won’t SECURITY PEOPLE but they don’t.
They will do as Walmart and other stores do when one shuts down jack up prices at the other stores to make up the difference.

Bonus round : tax write off


34 posted on 05/17/2023 8:42:47 AM PDT by Vaduz (....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: caww
It might help if they arrested the thieves. ....and fine them a huge penalty. If they don’t pay then off to jail.

Arrest them? Fine them?

AHAHAHAHAH!

35 posted on 05/17/2023 8:46:18 AM PDT by 17th Miss Regt ( )
[ Post Reply | Private Reply | To 18 | View Replies]

To: Openurmind

Blue folk vote for anarchy (lax or unenforced laws), they cry when they get it.


36 posted on 05/17/2023 8:48:19 AM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TV)
[ Post Reply | Private Reply | To 32 | View Replies]

To: CFW

13% ruining everything.


37 posted on 05/17/2023 8:49:41 AM PDT by toddausauras (Trump Lake 2024....Go down swinging!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW
The retailer estimated in its earnings release Wednesday that inventory shrinkage — mostly the theft of merchandise — would clip profits by a whopping $500 million this year.

Deduct that amount to any reparations claims.

38 posted on 05/17/2023 8:51:43 AM PDT by Angelino97
[ Post Reply | Private Reply | To 1 | View Replies]

To: CFW

I hope they go under with their selling of transgender clothes for children. Shame on them.


39 posted on 05/17/2023 8:52:01 AM PDT by Persevero (You cannot comply your way out of tyranny. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Linda Frances

Yes people will still register at Target but I won’t shop off those registries.


40 posted on 05/17/2023 8:53:32 AM PDT by Persevero (You cannot comply your way out of tyranny. )
[ Post Reply | Private Reply | To 23 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101-102 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson