Theft and organized retail crime are "a worsening trend," according to Target CEO Brian Cornell.
Speaking during a conference call to discuss the company’s fiscal first-quarter results Wednesday, Cornell described theft and organized retail crime as “a worsening trend.”
Speaking during a conference call to discuss the company’s fiscal first-quarter results Wednesday, Cornell described theft and organized retail crime as “a worsening trend.”In a statement that accompanied Target’s results, the CEO said that inventory shrink will reduce the company’s profitability by more than $500 million compared with last year.
During the conference call, Cornell said that Target is working with the National Retail Federation, the Retail Industry Leaders Association and other partners across the country on the issue, and is advocating for public policy changes to tackle the problem. “The unfortunate fact is that violent incidents are increasing at our stores and across the entire retail industry,” Cornell said during the conference call.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Target CEO: Retail theft may cost company over $1.2B this yearTarget said it’s seeing an increasing number of violent incidents at stores, but doesn’t want to close stores because that hurts workers and the community.
Lire la suite »
Comcast Will 'More Likely Than Not' Sell Hulu Shares to DisneyICYMI: Following up on Disney CEO BobIger's comments from earlier this month, Comcast CEO BrianRoberts offered an update on the Hulu situation and where things stand with Disney buying Comcast's shares in the streaming service. / DisneyPlus
Lire la suite »
Brian Cox and Jennifer Coolidge to Star in Crime ComedyBrian Cox and Jennifer Coolidge are set to star in a new crime comedy.
Lire la suite »
Riff Raff Cast: Jennifer Coolidge, Brian Cox & More Join Crime Comedy MovieJennifer Coolidge, Brian Cox, and more actors have joined the Riff Raff cast of the upcoming crime comedy movie.
Lire la suite »
Boone County authorities searching for theft suspects in LebanonThe Boone County Sheriff's Office, IMPD and the Lebanon Police Department are working together to determine the culprits of numerous car break-ins over the weekend.
Lire la suite »
Vikings 2023 Breakout Player: Brian AsamoahA downhill thumper that will stick his facemask through your chest plate, it doesn’t take long for Vikings LB Brian Asamoah to make his ...
Lire la suite »