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ylai@lemmy.ml to United States | News & Politics@lemmy.mlEnglish · 1 year ago

Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby

www.cnbc.com

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Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby

www.cnbc.com

ylai@lemmy.ml to United States | News & Politics@lemmy.mlEnglish · 1 year ago
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Target blamed theft and violence when it closed 9 stores in New York, Seattle, San Francisco and Portland, but crime is worse at locations it kept open nearby.
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  • Nommer@sh.itjust.works
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    1 year ago

    Good. I don’t care if people are stealing from corporations. They’ve stolen enough from us 100x what any single person can.

    • Supervisor194@lemmy.world
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      1 year ago

      Yes, steal away! Just make sure you always return those shopping carts though!

      • halcyoncmdr@lemmy.world
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        1 year ago

        Gotta give the next group a place to put their stuff too.

  • LemmyIsFantastic@lemmy.world
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    1 year ago

    I could not care less. Who the hell cares and why is this a recurring story? Seems like some weird vendetta against target solely on the .ml instances.

    • davel [he/him]@lemmy.ml
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      1 year ago

      It’s recurring because, in the last couple of years, this false narrative has been propagated by a several large retain chains and repeated by corporate media. Either they each individually, and at virtually the same time, just so happened to decide to push this false narrative about their chain, or they colluded.

      Reuters: US retail lobbyists retract key claim on ‘organized’ retail crime

      • davel [he/him]@lemmy.ml
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        1 year ago

        And you’ve seen this on the .ml (and hexbear) instances for a while because we noticed something fishy was going on long before corporate media finally broke away from the false narrative.

    • ylai@lemmy.mlOP
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      1 year ago

      First of all, the source is CNBC, so it is not a “weir vendetta […] solely on the .ml instances.” This and e.g. their prior article (https://www.cnbc.com/2023/09/26/organized-retail-crime-and-theft-not-increasing-much-nrf-study-finds.html) are well in-line with economics reporting as their core business. And then, it is Target and CEO Brian Cornell and NRF — where Cornell is also a board member — pushing this narrative (e.g. https://www.nytimes.com/2023/09/26/business/target-store-closures-theft.html), that lead to news outlet to their investigative reporting. There are further legitimate concerns by press regarding NRF’s legislative lobby effort based on non-existent evidence: https://www.cnbc.com/2023/10/26/retailers-lobby-congress-to-pass-combating-organized-retail-crime-act.html

      • davel [he/him]@lemmy.ml
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        1 year ago

        deleted by creator

  • tinkeringidiot@lemmy.world
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    1 year ago

    At least this article calls out that the stores kept open also are busier, so the higher potential for theft has less impact on profitability.

    Nobody closes a profitable location solely over theft. The only closures that shoplifting is driving are ones at stores that were already underperforming. If increasing theft drives a store into the red, that’s a sensible closure, but profitability is the real driver, not theft.

  • chickenf622@sh.itjust.works
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    1 year ago

    I think if they just said we don’t make enough money there I would respect them more.

  • EvacuateSoul@lemmy.world
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    1 year ago

    I Books Could Kill did a deep dive on the Organized Retail Crime myth. It really shows how little fact checking goes into stories propagated by capital.

    It’s on their Patreon or available free here: https://kemono.su/patreon/user/82569578/post/91601254

  • OnlyTakesLs@sh.itjust.works
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    1 year ago

    *reported crime

United States | News & Politics@lemmy.ml

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