Citing Theft and Safety Issues, Target Closes 9 Stores in 4 States
Retail TouchPoints
SEPTEMBER 27, 2023
in 2021 and in line with shrink rates seen in 2020 and 2019. Theft, both internal and external, accounts for 65% of shrink, although it can reach as high as 70% in certain verticals. reduced specific stores’ operating hours; 29.7% reduced or altered in-store product selection; and 28.1% billion in 2021.
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