UPDATE: The truth about Target
popular.info
On September 26, Target announced it was closing nine stores "because theft and organized retail crime are…contributing to unsustainable business performance." Target said that before making the decision to shutter the stores, it had "invested heavily in strategies to prevent and stop theft and organized retail crime." But ultimately, Target claimed, those efforts failed to make those stores "successful."

Never trust the corporations excuses.

PS: I wasn’t sure if this was a good fit for this community, but I couldn’t think of another. Any suggestions?

  • Sunforged@lemmy.ml
    71·
    1 year ago

    They would have to spend time analyzing why they failed to make sure investors knew they wouldn’t do this again. Cheaper and easier to blame the poors.

    • a4ng3l@lemmy.world
      51·
      1 year ago

      Given the amount of analytics and reporting ongoing in retail I have no doubt they have all the info at hand. And they could still directly blame the poor for the poor sales performances and call to invest in better locations. More money from investors and trust is maintained.

      • Sunforged@lemmy.ml
        51·
        1 year ago

        I don’t know if you’ve ever been in one of these stores but they were terrible. Like if the merchandising was a complete train wreck, it would require multiple people at multiple levels to admit they fucked up. Plenty of retailers in the immediate area are doing just fine, they can’t even blame the location. They just aren’t setup to provide what people need if it isn’t a big box store.

        • a4ng3l@lemmy.world
          11·
          1 year ago

          Not in those area. Admittedly I only visited one in the LA area while there for work and it was quite the experience already…

      • Sunforged@lemmy.ml
        2·
        1 year ago

        I don’t know if you’ve ever been in one of these stores but they were terrible. Like if the merchandising was a complete train wreck, it would require multiple people at multiple levels to admit they fucked up. Plenty of retailers in the immediate area are doing just fine, they can’t even blame the location. They just aren’t setup to provide what people need if it isn’t a big box store.

        • PeleSpirit@lemmy.worldEnglish
          2·
          1 year ago

          I 100% agree, if they had focused on being a home store with maybe some casual wear instead of a slightly upscale 7-11, they would have done great.