ST Alpha - "I'm dumb. The article lays out that shoplifting hasn't increased in those areas. So *why* are they actually closing those stores?" (Reading a Post)

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In response to "According to Gothamist, Target also plans to open another location in Harlem at 125th Street and Lenox Avenue, which is “just 1.5 miles from the " by Krusty

I'm dumb. The article lays out that shoplifting hasn't increased in those areas. So why are they actually closing those stores?

Posted by Mop🧹 (aka rburriel) Oct 6 '23, 07:25

The best the article can offer - as best as I can tell - is "we have too much inventory", but then how does that not fly in the face of them opening new stores nearby? Is it just that their leases are too expensive? Their employee costs are too high?

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to me, everything flies in the face of nearby store openings except unfavorable lease terms -- nm - crash davis 😺 Oct 6, 07:32
That's a good question. I haven't read anything that gives a good reason for the closures especially considering that they're opening more - Krusty Oct 6, 07:29
Probably a mixture of all those factors, but "shoplifting" is sexy and not something you can blame on C suite decisions. -- nm - Reagen Oct 6, 07:27 1
- Maybe they have access to the Minority Report? -- nm - Spawn Oct 6, 08:05

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I'm dumb. The article lays out that shoplifting hasn't increased in those areas. So *why* are they actually closing those stores?

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I'm dumb. The article lays out that shoplifting hasn't increased in those areas. So why are they actually closing those stores?