As Target decides whether to vacate these hotbeds of crime, it said would look to improve worker training and add more "asset protection" employees to the locations.

Target CEO: We're seeing 'violent' incidents in our stores, and it's costing us millions

By News on the Net -- Yahoo Finance——Bio and Archives--May 18, 2023

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. ---More...

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