Amid the shoplifting epidemic across the country, Target told investors it’s anticipating more than a billion dollars of inventory lost this year, driven by a nation wide spike in retail theft. NBC’s Valerie Castro reports.
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#NBCNews #Target #Theft
Bet target supports democrats who are soft on crime 🤔
Went to Ross the other day.
EVERYTHING has one of those lock devices on it. EVERYTHING!
I’m looking for stuff that didn’t have one. It was weird but a sign of the times.
We law abiding citizens have to start stopping or severely hurting these criminals so that they are caught and our own way of living is preserved. They are not only hurting corporations they are now hurting the income you use to support your families it’s time to stand up and make sure we show criminals crime does not pay!
When i see corporations removing themselves from the problem I see that the communities can take a chance to heal by having businesses that are invested in the community because they were started by the community. All you don’t seem to understand it’s this freemarket capitalism bs you keep chasing that’s the problem. It already failed. We made corrections. It treated all citizens as disposable meat mechs, even children. We fixed that. Capitalism has been what we have fought at home the whole time. That’s why we have representatives who should be advocating for policies and systems that help the public at large. And yes it works because corporations are once again finding loopholes to sacrifice our entire society in the pursuit of an impossible dream. A dream of infinite growth and expansion. And the only thing to do after this is actually achieved by one entity is the entire theme of the word dystopian. There are far more problems that put us here. But the root cause the reason we can’t get better is because public interest goes wholly against corporate interest. And do you know who has more in common with corporations than citizens? Our over pedestaled various levels of governmental representatives. There are far too many who actually don’t care about you or your community. So few that personally I don’t see America getting better this decade, maybe not even the next. Which sucks cause thats most of my life being unfortunate for one reason or another. Id be surprised if i could even live to retirement age let alone not be homeless for it.
Hope spelling it out helped.
Don’t be like walmart and close down. Hire more loss and prevention.
Is their CEO an ai?
Woke Target supported and enabled lawlessness through their politics, they are reaping what they have sowed…
Oh no! Billion dollar corporations are losing 1 of those billions? Pay employees more and do more local outreach for the homeless with both food and heath and beauty products. People don’t steal if they feel like the company is a help rather than a hindrance.
Make everything unaffordable through corporate price gouging (which far outpaces inflation) and people just start stealing it all, who would have guessed.
Liberals: Those greedy capitalists always crying about losing a few bucks!!!
Two words. Service. Merchandise. They were ahead of their time and now their time has come. Since we can’t physically detain shoplifters make it impossible to shoplift by putting all stock behind lock and key. Make customers order online or through kiosks and pick up their items.
People stealing laundry detergent? Thats a basic necessity, if people are stealing that its because they have little to no other options.
I wonder if this has any thing to do with high prices everywhere??😳😳😳
Lol!!! Stop price gouging, and then maybe you’ll see a decrease in theft.
This is so awesome. My only hope is that people will become more organized and careful about doing this. They should also look into auto-reduction as a safer alternative to shoplifting.
Shoplifting costs each American an additional $500/year on our taxes to make up for the lost sales tax income. Not to mention that the stores raise prices for the rest of us who aren’t trashy losers and actually pay for products when people steal.
You’re not sticking it to corporations when you steal, you’re sticking it to everyone around you who is just trying to get by and live their life.
@ThisBagIsNotAToy good.
In my country they have a man with a rifle outside the store at all times for security.
The way you guys cut the clips is absolutely novice , it’s no way you guys still haven’t learn to clip your videos more nicely lol 😂
Keep closing may be is good ……… Because we never punish these people ….. Law . We need serious tough law
Aoc would say these thieves are just hungry beautiful thinking leftys.
Disney character panties are the most cutest and comfortable kind of panties to wear vfgh
African people…
Yup,because target let them walk right out,I seen it with my own eyes,I was like Helloooo you guys ain’t stopping him,they said no we can’t do anything
What a word salad by the Mayor lol.
But seriously, 1B is alot of loss. That is an average of 1500 per store per day! Are they just deflecting due to stiff competition from Amazon and Walmart?
It’s ridiculous- I went to Target yesterday and found that someone had left 4 empty Clear Eyes (eyedrops) boxes on a shelf in the chip aisle along with a melted Frappuccino. I hate to think that America will get a reputation for being filled with low life thieves. Shoplifting costs each American about $500/year on our taxes to make up for the lost sales tax revenue, and that number will surely be increasing. You’re paying for these trashy losers’ stolen merchandise.
Riverside Gastroenterology Specialist
Service Merchandise had the right solution! Bring em back !
Walmart recently closed more than ten stores because of this very same thing. GET A JOB YOU BUMS!
How about closing stores in all the ghetto cities? Thankfully i live in a safe city with no thugs. Our police force is one of the best.
Somebody stole the end of this report.
Service Merchandise had the right idea years ago and we need to bring them back !
They shouldn’t let criminals get away with theft.
They don’t lock anything up 😂 that’s managements fault! Ur fired 🔥
Lololololololol
I don’t feel bad for these stores who purposely keep their prices inflated because they can get away with it… Shut them all down then!
Anyone willing to lose their life for an overpriced item from China that major corporations would just write off as a loss is either dedicated or stupid.
There is NOTHING in even the highest end stores worth losing your life over.
What do you expect when people can’t afford to buy anything ????
This is Democrat’s “low level property crime in which nobody got hurt” so does not make sense to criminalize, send the poor perp to overcrowded jails. The perp will likely not get reformed in jail anyways or maybe even catch COVID. So no punishment, especially if perp is of certain racial composition. Very nice ideals for criminal justice reform – until YOU or YOUR family gets robbed.
my friend was bbq chicken on his front porch went inside to take a leak came back out and someone stole his chicken off his grill while it was still cocking.thieves everywhere these days. at the target downtown they steel from the store and sell the goods in the parking lot for half price.the police do nothing. I live in s.f. Bay Area. calif fast track no law free for all.
True dat. I bought some Tide & Downy from a fella on a creaking bicycle
Hes not going to do anything
These greedy corporations deserve this 🤷🏽♀️ Y’all are making it too hard to survive for the average working American when salaries in this country have been stagnant for years and CEOs salaries continuing to rise higher & higher
Close all stores
Nope. Tell the truth. They don’t hire many employees anymore, and most items are collecting dust in the back. They hard hire stockers or cashiers. Greed.
What ppl don’t understand is if working a regular job provides the essentials (housing food and medical), ppl will get a regular job. And that what we saw in the past where ppl working regular jobs and able to save up 2 years and buy a house BECAUSE ITS AFFORDABLE. Today, inflation has gotten so high that ppl that do these regular jobs cannot afford the essentials. SO instead of working a regular job, they find it easier and more profitable to just steal and scam to survive. This only hurts the ppl that play by the rules.
They should just raise prices in Blue areas that voted for this.
They just consider it reparations 😂😂😂
That’s huge. Seriously. For Target to come out and and say this is significant, because they prosecute theft vigorously. Moreso than any other retailer.
The thing is, I’m betting a lot of money and support went into Democrat coffers from these companies that are now getting robbed blind. The Democrats are the ones that enacted these policies that have repeat offenders turned back out on the street time and time again. Alvin Bragg is a prime example of this.
When a government “leader” talks about solving the problem:
Spend ~200 million dollars
Hire 50 new administrators and assistants
Contract 1 company to do the work protecting people until the money runs out…
This government is ridiculous
It would be interesting to see what percentage of the theft is from organized crime rings vs. everyday desperate people. It makes sense thefts of desperation for food, medicine, and necessities are up as inflation is up; poverty is higher. Theft from giant retailers is generally seen as a victimless crime. Now it may even be seen as a tool of revenge since we are all fed endless stats of soaring corporate profits since the pandemic. This is definitely a factor driving retailers to smaller stores and more online sales.
cut off a hand
Let’s talk about how much corporations pay zero in taxes and steal way more from this country every year….
I like the ending
Notice the usual suspects in the video.
All that this dunce mayor of NY needs to do is make the crimes harsher jail sentences rather than walking out the door the next day. Clearly this is the simple solution but people like this mayor ignore for being cowards.
Stop giving thiefs rights…those rights should be waved when they commit a crime
They have to stop this
They targeted Target because they have the Big Red Target on their front door.
Welcome to the Dummycrat World !
I think these big corporations can afford a few cops at their door always. That’s a lot cheaper than what they are losing.
Have to close those high theft stores. The feds and the states have to get serious or lose it all.
☢Change the laws like in other countries and theft crimes will disappear, theft is considered minor and probation is what is given, they’re out the same day. Change it to 2 years mandatory for any theft no matter what the cost. 2nd attempt, 4 years. 3rd attempt 10 years. Law makers, governments make the change!!!!!!
Yall forgot to mention Target profited over 100 billion, so whats less than 1 billion in loses? Nothing.
“Target revenue for the twelve months ending April 30, 2023 was $109.272B, a 2.14% increase year-over-year. Target annual revenue for 2023 was $109.12B, a 2.94% increase from 2022. Target annual revenue for 2022 was $106.005B, a 13.3% increase from 2021.”
Way cheaper to pay HUMANS ..self ck out S#CKS
Leave every city that “defunds the police”!
Now talk about how much money they expect to steal from their own employees…
Nice edit
I kinda find this hard to believe, i mean 750 mil in losses in inventories in low-cost merchandise ? How many truck low of them need to be stolen? If we consider each theft to steal 100k worth of goods, there need be 7500 incidents. Also if you just spend 1/5 of that amount you can probably hire armed securities.
America is much worse than a third-world country or Africa with all these crimes. Tell you how much this system is failing, and probably Russia is safer to live than in the U.S lol
This is nothing but cannon fodder for the right wing to yell CRIME and point at the people they love to hate rather than the companies who’re stealing from the poor and giving to themselves. They’re the ones breeding crime all while making record profits. They lost nothing.
There’s a very simple solution to all of these and amazon has proven it.
Why dont these stores do something to stop these kinds of crimes????
im wondering how true this is, since Walgreens over hyped their losses due to theft before the midterms started. when they did their earnings call. their theft loss was much below the hype and fear mongering. so im a skeptic.
Seriously though. Aliens need to come abduct all the thieves and experiment on them to see what makes them criminals
Soft on crime really not working
Black lives matter!!!!!!
Another Biden and democrats party failure. Trump 2024.
Majority minority areas only. Won’t affect most of us.
Stupid people elect stupid leaders………hear me?
I went to my local Target a few months ago just after they installed rows of locked glass doors over most of the beauty and health-care products… was kind of shocked. 😳
A Target employee said that a shoplifter filled a shopping cart with over $2k of merchandise and just rolled it out the door to the mall. The “security guard” wasn’t able to apprehend the thief due to corporate policy regarding liability, and it was reported to the police… they didn’t show up?! 🤔
And stores wonder why the losses are increasing if the thieves never get arrested!
Trust me even the workers steal 😂
The ceo’s, shareholders and the wealthy are doing fine.
Its just the poors who will be affected by their next step in making it too expensive to survive.
Here’s a billion dollar idea, use qr codes to purchase and receive goods near the exiting the premise. Put display items so customers can see what they are getting. Start this project in rough neighborhoods with high crime rate and slowly it’ll get to everyone else. This will generate more income and reduce crime to a halt.
this has been going on with mom and pop convenient stores for decades. They ignored the problem because those stores were primarily owned by immigrants. For the sake of political correctness and to appease to “real Americans” who were involved in the theft of these immigrant shops they increased the theft charge to $950. After all, they were stealing from immigrants right. Who cares about those people? But the irony of it all is that these immigrants shop keepers have been fighting back for decades and have developed system to thwart thefts. Most stores would only keep no more than 100 in the register. The crooks figured out, after the fact, that it was just more lucrative, now they increased the theft charge, to steal from big box retailers and every other yuppy “true American” than it is against convenient store. Life is full of such irony. The yuppie liberals that turned a blind eye on immigrant shops all those decades, and in fact helped perpetuate the crime against them, are now suffering from the monster they created. Karma is a b-tch.
Sounds like chicago thanks to mayor govenor thanks to your pollicies soft on crime and out right assanormas people you are.
What a Joke the CEO of Target is now explaining why his company lost 700 million dollars of inventory and WHERE ARE MY POLICE OFFICERS TO STOP THIS FROM HAPPENING?
Heavenly Father please bring back all the police officers in California that are off duty or need replacements and fill California with more police officers than any other place on earth in Jesus of Nazareth name amen 🙏 hallelujah thanks Jesus!
At Target you’re not going to pay high prices.
Don’t be fooled. They claim a billion in losses? They know what a write off is.
Consumers foot the bill in the end.
Time to get rid of self check out and hire more cashiers lol
well………………………………
If you want to stop this you have to go biblical. Cut off a couple of hands here and there and the effect will be a major influencer.
Tell the CEO to CUT HIS SALARY and HIRE MORE UNDER COVER AND ARMED GUARDS. PERIOD. These big Companies don’t want to SPEND MONEY FOR PREVENTION and that’s the BOTTOM LINE. PERIOD.
Meanwhile those of us who are being fleeced with higher prices are paying for the theft too.
Yup, people stealing ruins it for people buying and selling. Back in the day they use to remove a hand. Less thievery back then too.
This is what will happen. All these stores will have a Costco model. No ID and no membership, no entry. They’ll have a security gate you have to swipe your id and allow the camera to photo your face then you are granted entry. They’ll also have detectors and x-ray machines to screen for weapons and other prohibited items. They’ll also scan you for stolen goods on your way out.
“Get woke, Go broke” but in a different way. No sympathy for target 🤷
Poverty brings crime
actual economy crisis anything else is excuses