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.
Let us know in the comments how do you feel about the closing stores!