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target
11/17/2023
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By Ethan Huff
Dallas, Los Angeles see largest increases in shoplifting as U.S. economy falters
Retail theft is up bigtime across the United States – but not necessarily in the places you might think. According to a new report from the nonpartisan Council on Criminal Justice (CCJ), Los Angeles and Dallas saw the largest increases in retail theft during the first half of both 2022 and 2023. Retail theft in […]
11/16/2023
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By Zoey Sky
Target CEO warns that shoppers are spending less because of budgetary concerns
Former Walmart CEO Bill Simon recently warned that American consumers are nearing a “breaking point.” Now, it’s Target CEO Brian Cornell’s turn to warn about the cutback in consumer spending. In an interview with CNBC‘s Becky Quick on “Squawk Box,” Cornell talked about Target’s challenges, including the cash crunch facing consumers amid high inflation. Cornell also shed […]
11/02/2023
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By News Editors
The new normal is coming to a store near you – products locked behind plexiglass, and a 40-minute wait to buy toothpaste
Would you spend the better part of an hour at a store waiting for an employee to come unlock the glass barrier between you and your favorite brand of toothpaste? Toothbrush? Vitamins? Let’s me ask another question instead of naming individual products. (Article by Susan Duclos republished from AllNewsPipeline.com) What product from Walgreens, Walmart, Target or your […]
09/28/2023
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By Ethan Huff
Target to shutter NINE stores in major U.S. cities, all Democrat controlled, due to out-of-control theft and violence
In its continued decline, American retail giant Target has announced the closure of nine more stores in major cities – all controlled by the left – across the United States. After earlier announcing that lost and stolen inventory has cost the company $500 million in profits just this year, Target decided that it simply cannot […]
08/22/2023
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By Laura Harris
Target and Bud Light suffer huge drops in sales after going all out in support of LGBTQ cultism
Retail giant Target and beer manufacturer Anheuser-Busch InBev, the parent company of Bud Light, have suffered huge drops in sales due to controversial LGBTQ-related marketing campaigns. Target, a well-known advocate for diversity and inclusion, revealed on August 16 that its sales for the second quarter plummeted by more than five percent after featuring LGBTQ-themed merchandise such as onesies for newborns […]
07/06/2023
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By Arsenio Toledo
Target to spend $5 billion on its stores to prevent them from shutting down
Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down. The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, […]
06/05/2023
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By Cassie B.
Target LOSES $14 BILLION in market value as backlash over controversial “Pride” collection continues
Target is the latest company to find out the meaning of “get woke, go broke” as the backlash over its controversial LGBT Pride line of products has led to a major financial setback. Financial services giant JPMorgan downgraded Target’s stock from “neutral” to “overweight” as its market value dropped $14 billion in the fallout from […]
05/25/2023
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By News Editors
Target loses $9B in week following boycott calls over LGBTQ-friendly kids clothing
Target has lost $9 billion in market value since angry social media users called for a boycott of the Minneapolis-based retailer over its rollout of the “PRIDE” collection featuring LGBTQ-friendly clothing for children. (Article by Ariel Zilber republished from NYPost.com) A week ago Wednesday before the controversy erupted, Target’s stock closed at $160.96 a share, giving the big-box […]
05/19/2023
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By Ramon Tomey
Target projects losses from organized retail crime will increase by $500M this year
Big-box retailer Target has projected that its losses from organized retail crime will increase by $500 million in 2023. Target CEO Brian Cornell made this projection during the company’s earnings call for the first quarter of the year, which happened on May 17. Filings disclosed that Target’s inventory loss amounted to a total of $763 […]
05/18/2023
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By Arsenio Toledo
Target on pace to lose $1.2 billion in profits over a two-year period due to organized retail crime (which is only getting worse)
Organized retail crime is expected to cost major retailer Target up to $500 million in lost profits this year due to inventory shrinkage, or theft of merchandise. Factoring in the approximately $750 million in profits Target lost last year from inventory shrinkage, the company is on pace to see $1.2 billion in profits go up in […]
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