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Organized Retail Crime

Business
Target To Close Stores In 4 States, Including NY, Citing Theft, Organized Retail Crime Target To Close Stores In 4 States, Including NY, Citing Theft, Organized Retail Crime
Target To Close Stores In 4 States, Including NY, Citing Theft, Organized Retail Crime Citing incidents involving violence and theft, Target announced it is closing nine stores in four states, including one in New York. The New York store is in Manhattan, at 517 E 117th St. Three other stores are in California, in the San Francisco/Oakland market, and three in Oregon, in Portland. The other two stores are in Seattle, Washington. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," the company said in a statement released Tuesday afternoo…

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by Joe Lombardi
Business
Walgreens Plans To Close More Stores Due To Rising Cost Of 'Organized Retail Crime' Walgreens Plans To Close More Stores Due To Rising Cost Of 'Organized Retail Crime'
Walgreens Plans To Close More Stores Due To Rising Cost Of 'Organized Retail Crime' Walgreens is set to close five of its locations due to a rise in "organized retail crime," which has impacted a number of retailers across the country. A Walgreens spokesperson announced the closure of the five San Francisco locations, noting that retailers across the city have been impacted by the increase in retail crime, according to the San Francisco Chronicle. This issue is not unique to San Francisco, as other drug stores have reported an uptick in thefts in recent months. CBS New York reported that drug stores across New York City have seen similar issues, with the increase in shopl…

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by Nicole Valinote