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30 Sep 2023 17:22:25 UTC
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$500 Million GONE: How Lost Inventory CRUSHED Target
Retail giant Target has announced the closure of nine stores in several major cities, attributing the decision to escalating violence, theft, and organized retail crime. Yes, you read that right. Unlike other companies tip-toeing around the topic with PR-friendly language about "optimizing store locations" or "redeveloping retail footprint," Target candidly stated that their stores are closing because employees, vendors, and shoppers are not safe. It's as if common sense prevailed for a moment, and Target laid it all out there, citing a $500 million hit to their profitability due to lost or stolen inventory. The company even warned that some communities can't afford to spare the cops for extra security. How's that for progress in our so-called progressive cities?
Target isn't the only one making such bold moves; CVS is also closing 900 stores over the next three years, for similar reasons. Locations affected include Harlem, Seattle, San Francisco, Oakland, and Portland—notice any patterns there? Sure, some say it's shocking, but is it really? The prevailing lack of safety and the erosion of law and order have made these decisions inevitable. So the next time you wonder why your favorite store in a bustling area is shutting down, perhaps consider the shopping spree some patrons are indulging in—just not the kind that benefits the store's bottom line.
#TargetClosures #RetailCrime #ProgressiveFail
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00:00 Introduction: Breaking Down Store Closures in Major Cities
01:00 Target's Justification: Why Stores Are Closing
03:00 Corporate Speak vs Reality: Deciphering Target's Statements
05:00 Cities Affected: Which Locations Are Seeing Closures
07:00 Other Retailers Affected: CVS Also Scaling Back
09:00 Geographical Patterns: Where Store Closures Are Most Common
11:00 Local Reactions: How Communities Feel About Closures
13:00 REI Pulls Out of Portland: What It Means
16:00 Inflation and Consumer Spending: The Larger Economic Context
18:00 Locked Merchandise Cases: The New Reality for Shoppers
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Target isn't the only one making such bold moves; CVS is also closing 900 stores over the next three years, for similar reasons. Locations affected include Harlem, Seattle, San Francisco, Oakland, and Portland—notice any patterns there? Sure, some say it's shocking, but is it really? The prevailing lack of safety and the erosion of law and order have made these decisions inevitable. So the next time you wonder why your favorite store in a bustling area is shutting down, perhaps consider the shopping spree some patrons are indulging in—just not the kind that benefits the store's bottom line.
#TargetClosures #RetailCrime #ProgressiveFail
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00:00 Introduction: Breaking Down Store Closures in Major Cities
01:00 Target's Justification: Why Stores Are Closing
03:00 Corporate Speak vs Reality: Deciphering Target's Statements
05:00 Cities Affected: Which Locations Are Seeing Closures
07:00 Other Retailers Affected: CVS Also Scaling Back
09:00 Geographical Patterns: Where Store Closures Are Most Common
11:00 Local Reactions: How Communities Feel About Closures
13:00 REI Pulls Out of Portland: What It Means
16:00 Inflation and Consumer Spending: The Larger Economic Context
18:00 Locked Merchandise Cases: The New Reality for Shoppers
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Within a 24-hour period this week, a homeless encampment at a Portland, Oregon, park was removed, and a construction crew showed up to build pickleball courts and a skate ramp in its place.
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