Target takes action against retail theft, closing stores and implementing security measures

Target has announced the closure of nine stores across the United States, including locations in New York City, the San Francisco Bay area, Portland, and Seattle. The company cited organized retail crime and theft as the primary reasons for the closures, stating that they pose a threat to the safety of employees and customers and contribute to unsustainable business performance. Target's decision comes as retailers express concerns about shrinkage and loss of profits. However, critics argue that retailers may be attributing too much of their losses to organized crime. The affected stores will remain open until October 21, and employees will be offered the opportunity to transfer to other locations.