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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
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To: CFW

Tribal wars go indoors.


61 posted on 05/17/2023 9:34:20 AM PDT by Old Yeller
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To: Old Yeller

Every time!


62 posted on 05/17/2023 9:34:45 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: CFW

While theft is undoubted a problem for Target, their woke agenda is costing them millions in sales every quarter. They’re selling, basically, tranny/homo clothing to kids. Pedophiles.


63 posted on 05/17/2023 9:35:47 AM PDT by meyer (FBI = KGB for the DNC; IRS = Gestapo)
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To: meyer

“While theft is undoubted a problem for Target, their woke agenda is costing them millions in sales every quarter. They’re selling, basically, tranny/homo clothing to kids. Pedophiles.”


Related article:

https://www.zerohedge.com/markets/target-reports-softening-sales-trends-evidence-consumer-slowdown-mounts

“Softening Sales Trends” - Target Stores Go Woke As Consumer Slowdown Signals Accelerate”


64 posted on 05/17/2023 9:38:19 AM PDT by CFW (old and retired)
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Are all those white supremacists getting all uppity again?


65 posted on 05/17/2023 9:38:53 AM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: SaveFerris

Nothing Samuel Colt couldn’t resolve. But I digress - it’s not popular opinion to day to make thieves pay for their transgressions with their lives.

They used to hang horse thieves. How much did a horse cost in those days?


66 posted on 05/17/2023 9:42:05 AM PDT by meyer (FBI = KGB for the DNC; IRS = Gestapo)
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To: CFW
"The unfortunate fact is violent incidents are increasing at our stores and across the entire retail industry.

Target's CEO Brian Cornell needs to move stores OUT OF DEMOCRAT HELLHOLES - then he needs to get Amazon to demand proof from their sellers that their products were bought wholesale and not from criminal scum. (of course in our world, the 'justice' people are probably on the take with many 'Big Guys' getting their 10% cut)

Then start defending traditional values. Cause this 'anything goes c rap' is NOT working.

67 posted on 05/17/2023 9:44:24 AM PDT by GOPJ (How many 'intelligence' goons & thugs live in mansions on $180,000 a year? And drive expensice cars?)
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To: caww
It might help if they arrested the thieves.

They won't arrest the shoplifters in California if they steal less than $1000 worth of merchandise. They have to feed their kids, don't ya know. And in other Democrat cities they don't prosecute them for just shoplifting.

Massachusetts just lost their US AG. She refused to prosecute shoplifters and other miscreants. She lost her job for ethics violations. Imagine - an AG fired because of ethics issues. I guess she didn't pay off the right folks.

68 posted on 05/17/2023 9:46:57 AM PDT by ladyjane
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To: caww
It might help if they arrested the thieves.

They won't arrest the shoplifters in California if they steal less than $1000 worth of merchandise. They have to feed their kids, don't ya know. And in other Democrat cities they don't prosecute them for just shoplifting.

Massachusetts just lost their US AG. She refused to prosecute shoplifters and other miscreants. She lost her job for ethics violations. Imagine - an AG fired because of ethics issues. I guess she didn't pay off the right folks.

69 posted on 05/17/2023 9:46:59 AM PDT by ladyjane
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To: meyer
When America became Mogadishu
70 posted on 05/17/2023 9:47:04 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: momincombatboots

“ Every time I hear someone from my church talk about going to target I cringe.”
Don’t just cringe, tell them your opinion of Target and why. Public shaming has always been a way to make change in society. Being silent is just accepting something you disagree with. Too much of that is going on.
Now back in the day my grandmother could insult you in several different ways but she was so suave about it you would think it had been a compliment.
The use of language has been lost..


71 posted on 05/17/2023 9:54:02 AM PDT by 9422WMR
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To: V_TWIN

Nationwide maybe, but targeted in certain areas.


72 posted on 05/17/2023 9:54:50 AM PDT by mykroar (what is extraordinarily important is this—who will count the votes, and how. - J0eStalin)
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To: 9422WMR

👍


73 posted on 05/17/2023 10:00:23 AM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: CFW

TS Target. Enjoy your wokeness.


74 posted on 05/17/2023 10:20:01 AM PDT by armydawg505
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To: ladyjane

I rcall going into dressing rooms that were posted “We arrest and prosecute shoplifters’.


75 posted on 05/17/2023 10:22:16 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: V_TWIN

Target- sucks to be you- Enjoy descent into being placed in the same sentence as K Mart and failure.


76 posted on 05/17/2023 10:22:36 AM PDT by slapshot ( - Get woke go broke-)
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To: EasySt

Targets a liberal Giant. I went there a couple times and didn’t like the atmosphere at all. Creepy!


77 posted on 05/17/2023 10:24:31 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: slapshot

Target....the sears of the 21st century......hopefully.......them AND bed bath and begone.


78 posted on 05/17/2023 10:25:45 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: CFW

It’s not the white supremacists...we abandoned your store long ago.


79 posted on 05/17/2023 10:27:10 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: V_TWIN

[AND bed bath and begone.]

Heh


80 posted on 05/17/2023 10:30:07 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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