Target CEO Brian Cornell warned Wednesday that its stores continued to get hit by retail crime, which the company expects to result in losses of more than $500 million this year.
Target said it "engaged in a variety of mitigation efforts which begin with significant resource investments to protect our team and our guests." The company is also installing fixtures to protect merchandise and adjusting its assortment in affected stores.
While it continues to "contend with significant headwinds caused by inventory shrink," Cornell said the company is still focused onHe noted how critical these locations are saying they "create jobs, serve local shoppers, and act as critical hubs in communities across the country."
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 battling inventory 'shrink' caused by theft and organized retail crime, says CEOTheft and organized retail crime are "a worsening trend," according to Target CEO Brian Cornell.
Lire la suite »
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 »
Target CEO: We're seeing 'violent' incidents in our stores, and it's costing us millionsAs Target decides whether to close stores in high crime cities, it said would look to improve worker training and add more 'asset protection' employees to the locations. 'Violent incidents are increasing,' says Target CEO:
Lire la suite »
NEISD senior garners $1.2 million in scholarship offersA Johnson High School senior is celebrating a full-ride scholarship to Cornell University.
Lire la suite »
101-year-old WWII veteran takes part in graduation ceremony 8 decades laterFred Taylor was able to finally take part in his graduation ceremony at Cornell College Saturday.
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 »