Target, grappling with escalating theft and “organized retail crime,” is set to close nine outlets across four states. Despite “adding more security team members, using third-party guard services, and implementing theft-deterrent tools,” the challenges with crime persisted. Below are the affected markets along with the remaining stores and employment data:
New York City: Harlem: 517 E 117th St. (96 remaining stores, over 20,000 team members) Seattle: University Way: 4535 University Way NE Ballard: 1448 NW Market St., Ste. 100 (22 remaining stores, nearly 4,000 team members) San Francisco/Oakland: SF Folsom: 1690 Folsom St. Oakland Broadway: 2650 Broadway Pittsburg: 4301 Century Blvd. (32 remaining stores, over 6,400 team members) Portland: Galleria: 939 SW Morrison St. Powell: 3031 SE Powell Blvd. Hollywood: 4030 NE Halsey St. (15 remaining stores, more than 2,500 team members) Over 150 stores remain operational in these regions. Target is boosting security through locking cases for certain merchandise and allying with the U.S. Department of Homeland Security’s Homeland Security Investigations division. “While we will continue to make meaningful investments throughout our business, we cannot solve this issue on our own,” the firm noted.
Costco Customers in Turmoil Over Retailer’s Controversial New Policy, Outcry Erupts
The big box retailer’s efforts to cut down on customers trying to shop with other peopIe’s membership cards is not being well-received.
Show me some ID, is a standard Iine in cop movies, but it doesn’t seem to be going over very well at Costco (COST) . The warehouse club has been cracking down on people who have been trying to shop with other people’s membership cards. Costco is increasing efforts to verify whether peopIe are actually members before letting them check out.
We don’t feel it’s right that non-members receive the same benefits and pricing as our members, the company said in a statement last month. Costco is able to keep our prices as Iow as possible because our membership fees help offset our operational expenses, making our membership fee and structure important to us.
Costco makes most of its profits from selling memberships, not from selling goods. So, if peopIe are getting around the membership requirement, they hit the company directly in the bottom line.
Leave a Reply