Lets not over think this. It all boils down to net income. If a store has high enough revenue and theft is low in addition to overhead (rent, labor, etc), they will have positive net income. The store is profitable. If revenue drops or theft increases even a little or rent increases ,the store is not profitable. Thats what Target looked at. We dont need a video for this.
Wild guess this journalist doesn't live in East Harlem or even shopped at this store. I live nearby, every time I shopped there, I'd see people steal. Additionally the facility it was located in was a mess and the elevators were always broken which often made it inaccessible. Worse yet, 911 calls in this area will often have you waiting hours for a response. I once saw people trying to break into a building nearby, police finally showed up hours later long after the thieves were gone. As a resident of the area, im just surprised they stayed open as long as they did.
@@herbtapp3031 what does that even mean "by the view of your home". Are you so closed minded to suggest that people in East Harlem don't have nice homes or don't live in homes like mine? You must not know the neighborhood.
@@sarahnoda I do know White people created segregation for a reason and they have happily applied it for 200 years. it is called East Harlem for a historical reason.
@@herbtapp3031So.. just because they haven’t made a video in a couple years.. that makes them a bot? LOL YOU gotta be the bot.. it’s either that or you’re a pathetically brainwashed liberal.. or you’re one of the people that frequently steals from stores like this and just trying to run cover to muddy the waters on why stores like this in minority communities keep closing. Either way.. sad and pathetic.
@@davidnewman2541not really, they just need better insurance like Walmart. It’s a laugh that Walmart claims they gotta raise prices cause of theft when their insurance for shoplifting nets them 1.5x the retail value of the item stolen. Incentives for crime on all sides.
You can’t just speculate based on that loan there’s other reasons why maybe they’re paying their employees less maybe they had less employees maybe it was a hub store there’s a lot of variables just because you say one thing does it determine why they closed it. There’s a lot of factors going into that.
@@neilmenon8943because they are communist's. Fill out your papers, stand in line for your potato and praise them for spending your stolen taxes an fees so wisely.
The bottom line is economics is a science and all businesses must make between 5% and 10% profit after all expenses in order to be solvent. If they are making that profit, they will not close because their goal is to make a profit however if their slim margins are shaved due to theft or super high insurance rates due to local crime or unsustainable minimum labor pay laws or high County taxes or a combination thereof, the highly experienced and intelligent accountants and actuaries recommend either moving or closing down the establishments. Like they say follow the science and not personal antidotes or rumors
Nope. It was shrink driven by their complete mismanagement of their laborforce and as a result the proliferation of bad inventory management leading to on paper shrink losses. I used to work in management of logistics and inventory at Target. The National Retailers Federation agrees with me
I did see theft a bit as well, but yes I still have to agree with this too. Lower sales still and reduction in hours from corporate as such, plus those important tasks are regularly skipped or half assed to help with OPU, drive-up and cashiering because their teams aren’t able to keep up with influxes in the day.
Yup. Target Canada had a MASSIVE logistics and inventory management problem. Canadian Business magazine had a great article on it. I can imagine similar things happening in the US.
No, they are leaving because the Democrats' has led to outright theft. Where else are these businesses leaving other than Democrat Party cities that declare war on civilized society?
It isn't just how much theft at each location. You'd need to take into account of the total amount of sales. If you have high enough sales at a location, even with some thefts, the location may still be profitable. Maybe the East Harlem location wasn't profitable but the Central Harlem location was.
Then you don't say you're closing this store due to theft; you say you're closing the store due to conditions affecting all stores. They managed to paint that specific community in a very negative light to hide their ulterior motive.
@@nonamesleft136No.. saying they closed due to theft is still accurate and needs to be said. Public/social shaming needs to come back again.. seems to be the only thing that might make people think twice before doing something stupid.
@@ocmetals4675it’s what people are willing to settle for. There’s an exchange rate to supply and demand. You have a lot of people out there, they all can’t fill high compensation roles. More people of working age enter the job market each year than there are jobs.
So one of the things this “reporter” doesn’t seem to get is that it is not as much where the building as as it is the layout of the store. When target opened that location, they retrofitted a preexisting industrial building. The new location was a previously a retail location, meaning the layout is better for preventing theft. Also “the company should have tried more” is bs. It isn’t a private company’s job to fix your crappy city
@@THE-id1by the only people who fail to understand the problem with trying to operate a business in the middle of lawlessness, looting and jeopardized personal safety are the ones who never tried to operate a business in the middle of lawlessness, looting and jeopardized personal safety. If you care about the businesses in your community then step up and protect the businesses in your community.
@davidnewman2541 That's the thing, he doesn't care about the businesses in his community. As far as people with his mindset are concerned, theft isn't very bad and the stores are running a con, and ripping off customers. They say the stores closing is what they deserve, then are angry when they do close. All I'm seeing are these conspiracy theories that blame everyone but the thieves. There's no reasoning here.
I’ve never seen a documentary so obviously hunting after a predetermined conclusion. Obviously stores close for financial reasons, one factor of which is theft. If the people stealing were instead buying the financial picture would be different and the stores would still be there.
There’s a police station in Central Harlem right by where the new Target is opening. Police are all over 125th st. I never saw a policeman at the shopping center where the old Target was.
I've worked at Target before the pandemic. It has always been a policy for employees to NOT engage with thieves. Security guards are just giving the impression that these stores are being watched. They get paid minimum wage to basicly be "security theatre," but these store managers are not winning a Tony anytime soon
At my job, the employer is more concerned about employees stealing, rather than deal with the same customers that steal every day or customers that walk out with a $500+ worth of groceries
@@ca6360 sort of. The cost of buying inventory is deductible, and since you don't get any revenue from stolen merchandise, that means there is less profit to be taxed on. Not much of a consolation though. The "write-off" is only worth about a quarter of the losses taken.
"If the working environment is safe for all..." They told you why the store is closing. It isn't the theft itself, it is the legal liability the thieves bring when it comes to employee and customer safety.
All three stores that Target closed in Portland were quite new smaller-format stores. Limited research suggests theft at their larger outlying store in the area suffer greater theft levels as well.
I was at the warehouse whangarei, new zealand yesterday. there were 2 security guards by the exit door (there are 2, 1 way auto doors to go in the store and 2, 1 way auto doors to leave the store) and possibly 1 guard on a camera in a backroom. if you dont pay for something an alarm goes off when you try to exit. Apparently, retail theft is very low at my local warehouse store.
So… what is this video trying to say? Yes, target is seemingly keeping stores open in places where, imperfect data, SUGGESTS more theft is happening. But they can’t close all stores, and those stores may have way more traffic. As this video says “this isn’t to say that a lot isn’t being stolen from target”. Ok so you agree it is… so again what are you saying? lol
They're closing stores in neighborhoods where there's less crime compared to where their opening new stores. The video is questioning whether the claim that they're closing stores due to crime is true not. I suspect insurance fraud. Think about it, their security is trained not to stop shoplifters, and they're opening stores in areas where there's a likelihood of more shoplifters. They want people to steal. They probably moke more money from insurance claims than sales.
@@Mahlatse11You’ve obviously never had to deal with insurance over a theft claim.. even just one is like pulling teeth to get insurance to do anything.. at best, they will pay off whatever was left and that’s it.. they won’t also replace what was stolen.. now.. just imagine trying to pull this off on thousands of claims by one company in one area.. it’d raise red flags for the insurance company in quick order. This is why I have a problem with people that tried to shrug off or even try to justify mass looting and shoplifting by saying “oh, insurance will take care of it! I can’t believe you value property over peoples lives! You bigot!”… these people have never had to deal with an insurance theft claim before.. when you have stuff stolen.. it’s more than likely just gone and you’re gonna have to eat that financial loss. Unless you have full coverage but I don’t think you understand how expensive full coverage for businesses is.. and the more claims you have.. the higher your premiums go up.. have a lot of claims..? Well congratulations.. now no insurance company will cover you unless you pay them a unsustainable amount.
@@Mahlatse11 you think they are insured for the shrink theft? You think stores enjoy being stolen from and that they are making money off of theft? Then why in the world are all the stores shuttering
@@Mahlatse11stores don’t get back the majority of stolen revenue by insurance claims. this claim you made makes zero sense when you actually understand the reality of retail insurance backing theft. stores lose money that way. the insurance is just a way to stop the full loss and get back SOME money, not all of it. the cost of insurance for theft is dramatically high, it makes zero sense to take a route of insurance fraud when you factor in the cost of it. most stores don’t bother to buy it because it doesn’t make financial sense, and for the stores that do buy it, they have dramatically higher premiums year by year depending on how many claims they make. big brands can make some money back from insurance claims and write offs on taxes, but they still lose money from theft.
THANK YOU for this piece. Cause they kept saying crime in San Francisco and now all of a sudden Macy's is closing 150 stores So is it crime or a change in shopping
So the breakthrough discovery is that stores that are more successful with more traffic will have more thefts than less successful stores with less traffic?
Why should they have to be responsible for paying for security when they can just move? Maybe the community should stop robbing the store. Also, security can't stop mass looting.
@@ricky5505 Every store has security or even under cover. This has been the case for decades in retail stores in every area no matter what neighborhood. MACY'S has top security since it has open which is why you don't hear about theft on the regular at that store and they make less than Target
@user-ur1hy4mp2w In areas that only deal with shopliftings here and there, security can deal with it. In these areas, it's mass shoplifting and looting. Security can not deal with that. Especially when they're not prosecuting shoplifters because of lefty policies.
Store closures are about responsibility. A municipal gov holds thieves responsible for theft or the business holds the community responsible by closing the local store.
The problem is you individually in this instance are s dehumanizing a whole group who does not share most if not just some your political beliefs? Thinking they read or listen less. Who likes Long form podcasts statistically?
It's insane! So now they have to send the National guard to every single Target, Walmart, etc and keep them there permanently? With fortified bunkers, minefields, barbed wired all around the stores, strip search every single customer that goes in and everything???.....just to go get a pack of cokes and chips??? 🤣🤣🤣🤣
How about locking up thieves? Stop causing law abiding citizens to have to pay more, get their items from behind locks, etc.. Ridiculous. Try some major punishment for crime. Where I live, nothing is locked up except tech & guns.
They closed that store because less people are shopping there. The target in 207st is large too but it feels comfortable to shop and easy to get there. I didn't like the east harlem target because it was hard to get there.
Maybe the surge in shoplifting, is because these corporations unfairly raising prices way past the inflation rate. In the industry I work in, our profit margin is about 10% a year. That means that after every employee and Bill is paid, including inflation. At the end of the year our growth is 10%. Wal Mart and target and these other large, practically monopolistic corporations, are making 50%. And they're doing it by charging us more. While we suffer with stagnant pay, they're making money hand over fist. And they're doing it on purpose, because they know everyone will blame the politicians instead of the corporations. Because they don't want too much power on the left, because they might have to actually start paying taxes like the rest of us.
Oh really, not like when you shop there you have to pay inflated prices to cover for all the theft, because a company can't run on deficit. So they raised prices over inflation and law abiding citizens turned to thiefs overnight, makes perfect sense that argument, it's so easy to cross the line ain't it. Have you noticed that actual goods you buy get more expensive way above the stated inflation. Ever wondered why that is besides the easy explanation of "corporate greed"? You think the inflation announced by the Government should perfectly match the increased price of your pasta? I can see you relate to the working class, so I guess you have no plans of ever opening a business yourself to see what it's like.
It’s both the corporations AND the politicians/government. Politicians can do a lot to make inflation go up.. and democrats these last 4-5 years have seemingly been dead set on doing everything in their power to increase inflation. Biden and his economic secretary both have on camera said that “inflation is a good thing”.. But no.. the surge in shoplifting is 99.98% on the politicians shoulders via their ridiculously soft on crime approach policies. It’s true we needed some reform to our legal system.. but the democrats went wasaay to far with it. People have to much incentive to shoplift these days and especially if they live in a liberal controlled city/county.. cops aren’t even called on them most of the time and on the rare occasion they are.. it will take them so long to get there that the suspect is already long gone.. then on the rarer occasion the cops are called and show up on time.. there is a 50/50 odds that the cops won’t arrest them unless they have a warrant for a serious felony… then on the even rarer still occasion that the cops do arrest the suspect.. the suspect will just be able to bail out a couple hours later and ignore their court dates.. rinse and repeat. That is why there is a surge in crime and especially theft.
If everystore had a membership or present a vlaid ID to shop 🤷🏾♂️ The only other thing is for politicians to do their jobs and make strict laws about stealing... thieves have no punishment for theft at all
It's not just Target, tons of businesses big and small are making this claim, saying they closed due to theft or safety concerns. Don't blame us, He did it 👉 🧔🏽♂️
They closed one in a part of Portland that has very little crime. Didn't make sense to anyone living here. There's something else going on. Personally I think they're closing stores because of more and more people shopping online. That dramatically increased because of the pandemic. In fact I strictly order online now. Groceries and everything. It's easier and actually cheaper for me.
Stores have been doing this for a while all over. They’ll blame crime for closing one location, yet leave another open that’s a few miles away. Crime is their go-to scapegoat for everything, including layoffs and rent. They were banking on gentrification.
WTF is this new attitude that everyone thinks private companies, private citizens etc owe them an explanation for ANYTHING EVER. Target is a private company and owes no one in Harlem an explanation.
Noone realizes that crime and homelessness would not exist if we helped and taught one another.kept rent low. Kept prices low. Make college actually affordable. And made right choices. If you want people to stop stealing. Stop adding to the suffering
Wow holy crap its that simple? If only the president could push the big red button that lowers prices instantly. I love pie in the sky ideas that mean nothing
Target might've gotten the new area at a record low price due to this shoplifting phenomenon going on and with hundreds of stores leaving New York. When crime is bad in an area it hurts the real estate in that area. All of us law abiding Americans are hoping this crime wave is just a fluke and will pass. Then the real estate in that area will shoot back up again. It's a smart strategy if that's the case.
There is no way paying more on securities or changing the store layout can solve this problem if all they do is pull out camera when the thefts come 😅 you should question NY gov for solving the crime problem
Target is a business. They’re there to make money not lose money. Target is not a charity and not obligated to set up shop in underserved communities. It’s unfortunate that their exit will discourage other large retail stores from going into that neighborhood.
9:45 which wouldnt help, theyd just run by or force open the door. More bodies wont change anything when staff are discouraged from stopping them. Their needs to be severe punishment. People wont loot when the consequences outweigh the benefits.
One of the largest and most reputable American owned companies has closed many locations because of rampant retail theft plaguing business nationwide. And then there is propaganda pushing NBC. We won't cover the facts. No, no, we can't trust Target is telling the truth. We must stick to the agenda and have 0 integrity journalism. We have to spew a bunch of bull to try and fool the average American. This is all Targets fault for closing stores.
If the crime level is lower near the target that is closing, are you saying that since it’s lower, they are closing it because target is racist??? There couldn’t possibly be other reasons?
Why, and please source for theft of retail stores being unreported. Also, they did include the company's indicator. Shrink was under 1%, a good and stable figure. This was part of the evidence for something else going on.
No one has a "right" to shop at Target. Also, the "investigation" doesn't specify what the 911 calls were referring to. For example, was a candy bar stolen or thousands of dollars of merchandise per given location.
Does any in this reporting or in the comments know how to run a business on this scale? Not all theft is reported. I could witness many thefts throughout the day. Maybe one out of twenty gets reported.
Doesn’t matter what the reason is. They’re a private business that can do what they want to.
Exactly, side with corporate
Private individual or corporate have right to move their property. This isn't China or North Korea😊
@gqsmoove2616 exactly, side with the criminals. Surprising no one...
Nom nom nom boots nom nom lickyty spit
Lets not over think this. It all boils down to net income. If a store has high enough revenue and theft is low in addition to overhead (rent, labor, etc), they will have positive net income. The store is profitable. If revenue drops or theft increases even a little or rent increases ,the store is not profitable. Thats what Target looked at. We dont need a video for this.
Nah! It's the high rent! Not theft! Stop playing in our faces! Even retail giant don't want to pay high rent!
Wild guess this journalist doesn't live in East Harlem or even shopped at this store. I live nearby, every time I shopped there, I'd see people steal. Additionally the facility it was located in was a mess and the elevators were always broken which often made it inaccessible.
Worse yet, 911 calls in this area will often have you waiting hours for a response. I once saw people trying to break into a building nearby, police finally showed up hours later long after the thieves were gone. As a resident of the area, im just surprised they stayed open as long as they did.
Yeah, you have not made a video in two years Bot and by the view of your home that is not East Harlem.
@@herbtapp3031 Guess you didn't bother checking the live tab bot
@@herbtapp3031 what does that even mean "by the view of your home". Are you so closed minded to suggest that people in East Harlem don't have nice homes or don't live in homes like mine? You must not know the neighborhood.
@@sarahnoda I do know White people created segregation for a reason and they have happily applied it for 200 years. it is called East Harlem for a historical reason.
@@herbtapp3031So.. just because they haven’t made a video in a couple years.. that makes them a bot? LOL YOU gotta be the bot.. it’s either that or you’re a pathetically brainwashed liberal.. or you’re one of the people that frequently steals from stores like this and just trying to run cover to muddy the waters on why stores like this in minority communities keep closing. Either way.. sad and pathetic.
How about Don’t Steal??
How are they going to get their back to school gear?
Are you calling landlords theives? Or did you not pay attention 😂😂
there's an entire population of losers who do this for a living. They're SOOOOO trashy.
Target had four stores in Seattle. They closed the two with the LEAST theft. They just happened to be the two lowest-earning stores.
Hard to be profitable when half your inventory walks out the door every month.
@@davidnewman2541 so why did they open another location nearby?
@@davidnewman2541not really, they just need better insurance like Walmart. It’s a laugh that Walmart claims they gotta raise prices cause of theft when their insurance for shoplifting nets them 1.5x the retail value of the item stolen. Incentives for crime on all sides.
You can’t just speculate based on that loan there’s other reasons why maybe they’re paying their employees less maybe they had less employees maybe it was a hub store there’s a lot of variables just because you say one thing does it determine why they closed it. There’s a lot of factors going into that.
Exactly m I don't think it had to do with crime. Same thing happened in Portland. I think it's because more and more people are shopping online now.
“$15 an hour, doing 40 hours a week” in New York City, that’s insane! There’s no way you could afford rent.
If you live in south Bronx you can
Right, and these are people they want to stop the theft that’s so important to stop.
Target is not a job to have if you want to have a nice place drive a nice car.Its retail.Not ment to sustain a whole household.
Denver pays $20 per hour how come New York is $15 an hour.
@@neilmenon8943because they are communist's. Fill out your papers, stand in line for your potato and praise them for spending your stolen taxes an fees so wisely.
One of the stores closed in Seattle wasn’t nearly the highest theft stores in Seattle. It seems like rent was the real issue, crime was a scapegoat.
You mean crime is the reason.
Even if they did lie, that should be a tell. Tail sign
They disclosed their theft numbers?
The bottom line is economics is a science and all businesses must make between 5% and 10% profit after all expenses in order to be solvent. If they are making that profit, they will not close because their goal is to make a profit however if their slim margins are shaved due to theft or super high insurance rates due to local crime or unsustainable minimum labor pay laws or high County taxes or a combination thereof, the highly experienced and intelligent accountants and actuaries recommend either moving or closing down the establishments.
Like they say follow the science and not personal antidotes or rumors
It’s a business not a social welfare entity. They can close their business for any reason and they don’t need to tell you why.
Nope. It was shrink driven by their complete mismanagement of their laborforce and as a result the proliferation of bad inventory management leading to on paper shrink losses. I used to work in management of logistics and inventory at Target. The National Retailers Federation agrees with me
Amen. Well said👏👏👏
I did see theft a bit as well, but yes I still have to agree with this too. Lower sales still and reduction in hours from corporate as such, plus those important tasks are regularly skipped or half assed to help with OPU, drive-up and cashiering because their teams aren’t able to keep up with influxes in the day.
Yup. Target Canada had a MASSIVE logistics and inventory management problem. Canadian Business magazine had a great article on it. I can imagine similar things happening in the US.
No, they are leaving because the Democrats' has led to outright theft. Where else are these businesses leaving other than Democrat Party cities that declare war on civilized society?
It isn't just how much theft at each location. You'd need to take into account of the total amount of sales. If you have high enough sales at a location, even with some thefts, the location may still be profitable. Maybe the East Harlem location wasn't profitable but the Central Harlem location was.
Correct. But these not-so-smart reporters can’t wrap their heads around this simple concept.
Then you don't say you're closing this store due to theft; you say you're closing the store due to conditions affecting all stores. They managed to paint that specific community in a very negative light to hide their ulterior motive.
@@nonamesleft136No.. saying they closed due to theft is still accurate and needs to be said. Public/social shaming needs to come back again.. seems to be the only thing that might make people think twice before doing something stupid.
@@darthsilversith667 ok then, let’s shame everyone for their bad behavior though. Like Target and their wage theft. $15? That’s theft.
@@ocmetals4675it’s what people are willing to settle for. There’s an exchange rate to supply and demand. You have a lot of people out there, they all can’t fill high compensation roles. More people of working age enter the job market each year than there are jobs.
So one of the things this “reporter” doesn’t seem to get is that it is not as much where the building as as it is the layout of the store. When target opened that location, they retrofitted a preexisting industrial building. The new location was a previously a retail location, meaning the layout is better for preventing theft.
Also “the company should have tried more” is bs. It isn’t a private company’s job to fix your crappy city
Who can blame them?
You can blame them for lying about the reasons
@@THE-id1by the only people who fail to understand the problem with trying to operate a business in the middle of lawlessness, looting and jeopardized personal safety are the ones who never tried to operate a business in the middle of lawlessness, looting and jeopardized personal safety. If you care about the businesses in your community then step up and protect the businesses in your community.
@davidnewman2541 That's the thing, he doesn't care about the businesses in his community. As far as people with his mindset are concerned, theft isn't very bad and the stores are running a con, and ripping off customers. They say the stores closing is what they deserve, then are angry when they do close. All I'm seeing are these conspiracy theories that blame everyone but the thieves. There's no reasoning here.
@@THE-id1byUnmitigated theft is the reason. Quit gaslighting.
I’ve never seen a documentary so obviously hunting after a predetermined conclusion. Obviously stores close for financial reasons, one factor of which is theft. If the people stealing were instead buying the financial picture would be different and the stores would still be there.
Haaaayyyy, dat's raaaayyyciiiisssst!
The KURT RUSSELL movie "ESCAPE FROM NEW YORK" is becoming more and MORE real everyday😳
There’s a police station in Central Harlem right by where the new Target is opening. Police are all over 125th st. I never saw a policeman at the shopping center where the old Target was.
✊🏿 really care for their communities
Perhaps the community should stop stealing. It's not their job to care for their community. It's their job to make a profit selling merchandise.
Nothing to see, just the fatherless behavior
There were thirteen up votes before I gave you one too, as in 13 percent.
The stores will be like a vending machine. Pay before you buy! lol
Pay before you buy makes no sense
I've worked at Target before the pandemic. It has always been a policy for employees to NOT engage with thieves. Security guards are just giving the impression that these stores are being watched. They get paid minimum wage to basicly be "security theatre," but these store managers are not winning a Tony anytime soon
What is the problem if a business wants to close?
At my job, the employer is more concerned about employees stealing, rather than deal with the same customers that steal every day or customers that walk out with a $500+ worth of groceries
It’s the bleeps
It comes to the point that the stores stop calling the police. There is not just one thief, there is a mob. And nobody is allowed to stop them.
Is theft a tax write off?
@@ca6360 sort of. The cost of buying inventory is deductible, and since you don't get any revenue from stolen merchandise, that means there is less profit to be taxed on. Not much of a consolation though. The "write-off" is only worth about a quarter of the losses taken.
"If the working environment is safe for all..."
They told you why the store is closing. It isn't the theft itself, it is the legal liability the thieves bring when it comes to employee and customer safety.
The only problem with that store was its location - not close to a train line. 125th St will bring them far more business.
The only thing not mentioned, was the cultural rot that is causing this issue
Can you elaborate on cultural rot?
All three stores that Target closed in Portland were quite new smaller-format stores. Limited research suggests theft at their larger outlying store in the area suffer greater theft levels as well.
They are moving so more people can have access to the store. The target on the east side is too far for anyone on the west side.
Lazy
I was at the warehouse whangarei, new zealand yesterday. there were 2 security guards by the exit door (there are 2, 1 way auto doors to go in the store and 2, 1 way auto doors to leave the store) and possibly 1 guard on a camera in a backroom. if you dont pay for something an alarm goes off when you try to exit. Apparently, retail theft is very low at my local warehouse store.
So… what is this video trying to say? Yes, target is seemingly keeping stores open in places where, imperfect data, SUGGESTS more theft is happening.
But they can’t close all stores, and those stores may have way more traffic.
As this video says “this isn’t to say that a lot isn’t being stolen from target”. Ok so you agree it is… so again what are you saying? lol
They're closing stores in neighborhoods where there's less crime compared to where their opening new stores. The video is questioning whether the claim that they're closing stores due to crime is true not.
I suspect insurance fraud. Think about it, their security is trained not to stop shoplifters, and they're opening stores in areas where there's a likelihood of more shoplifters. They want people to steal. They probably moke more money from insurance claims than sales.
@@Mahlatse11You’ve obviously never had to deal with insurance over a theft claim.. even just one is like pulling teeth to get insurance to do anything.. at best, they will pay off whatever was left and that’s it.. they won’t also replace what was stolen.. now.. just imagine trying to pull this off on thousands of claims by one company in one area.. it’d raise red flags for the insurance company in quick order. This is why I have a problem with people that tried to shrug off or even try to justify mass looting and shoplifting by saying “oh, insurance will take care of it! I can’t believe you value property over peoples lives! You bigot!”… these people have never had to deal with an insurance theft claim before.. when you have stuff stolen.. it’s more than likely just gone and you’re gonna have to eat that financial loss. Unless you have full coverage but I don’t think you understand how expensive full coverage for businesses is.. and the more claims you have.. the higher your premiums go up.. have a lot of claims..? Well congratulations.. now no insurance company will cover you unless you pay them a unsustainable amount.
@@Mahlatse11 you think they are insured for the shrink theft? You think stores enjoy being stolen from and that they are making money off of theft? Then why in the world are all the stores shuttering
@@Mahlatse11stores don’t get back the majority of stolen revenue by insurance claims. this claim you made makes zero sense when you actually understand the reality of retail insurance backing theft. stores lose money that way. the insurance is just a way to stop the full loss and get back SOME money, not all of it. the cost of insurance for theft is dramatically high, it makes zero sense to take a route of insurance fraud when you factor in the cost of it. most stores don’t bother to buy it because it doesn’t make financial sense, and for the stores that do buy it, they have dramatically higher premiums year by year depending on how many claims they make. big brands can make some money back from insurance claims and write offs on taxes, but they still lose money from theft.
A mile makes a big difference.
Wow! 3 football fields in area? Yea, I would have closed that store too.
THANK YOU for this piece. Cause they kept saying crime in San Francisco and now all of a sudden Macy's is closing 150 stores
So is it crime or a change in shopping
So the breakthrough discovery is that stores that are more successful with more traffic will have more thefts than less successful stores with less traffic?
No
Yeah. Costco definitely charges the most amount of money.... This is the strangest life I've ever known
Why does a retailer even need to explain why they moved?
Let's be honest. The ones to blame are the majority of the community. It starts with parenting..
They will protect their merchandise but not me, the employee. I'm constantly yelled at, hit by carts when stocking, coughed on and spit at. Lawsuit
Sounds like they should close your store and move.
@@ricky5505 sure they will 😆
That area is pretty nasty so I agree with the move. But also maybe stop being cheap and hire better security 🙄
Why should they have to be responsible for paying for security when they can just move? Maybe the community should stop robbing the store. Also, security can't stop mass looting.
What's security going to do?
@@ricky5505 Every store has security or even under cover. This has been the case for decades in retail stores in every area no matter what neighborhood. MACY'S has top security since it has open which is why you don't hear about theft on the regular at that store and they make less than Target
@@KvG-q1f How is security going to stop a mob looting?
@user-ur1hy4mp2w In areas that only deal with shopliftings here and there, security can deal with it. In these areas, it's mass shoplifting and looting. Security can not deal with that. Especially when they're not prosecuting shoplifters because of lefty policies.
Store closures are about responsibility.
A municipal gov holds thieves responsible for theft or the business holds the community responsible by closing the local store.
Target became a Target 🎯
The problem is conservatives don't know how to read, let alone read graphs of data.
The problem is you individually in this instance are s dehumanizing a whole group who does not share most if not just some your political beliefs? Thinking they read or listen less. Who likes Long form podcasts statistically?
Its easier to stand up a new store vs fixing. Its also cheaper.
It's insane! So now they have to send the National guard to every single Target, Walmart, etc and keep them there permanently? With fortified bunkers, minefields, barbed wired all around the stores, strip search every single customer that goes in and everything???.....just to go get a pack of cokes and chips??? 🤣🤣🤣🤣
The mental gymnastics in this video is amazing. Make money you stay... lose money you go...
It's revenue - crime losses - cost
Lmao 36% external theft. 29% employee theft. 7% Unknown. Process/control 27% Yeah that’s their problem as well.
How about locking up thieves? Stop causing law abiding citizens to have to pay more, get their items from behind locks, etc.. Ridiculous. Try some major punishment for crime. Where I live, nothing is locked up except tech & guns.
They closed that store because less people are shopping there. The target in 207st is large too but it feels comfortable to shop and easy to get there. I didn't like the east harlem target because it was hard to get there.
It’s funny how everyone is trying to speak for the crimes. Like they survive on it 😅
Who cares why they shut it down?
They can do what they want and if they believe the store is not worth keeping then it is their decision to make.
What is the race of the people who are stealing?? Just curious😂
I started my boycott back when they announced this.
The days of mein kampf put to rhyming poetry is over. You have allowed it to give you a kampf.
..good to know..
Small business comeback
Maybe the surge in shoplifting, is because these corporations unfairly raising prices way past the inflation rate. In the industry I work in, our profit margin is about 10% a year. That means that after every employee and Bill is paid, including inflation. At the end of the year our growth is 10%.
Wal Mart and target and these other large, practically monopolistic corporations, are making 50%. And they're doing it by charging us more. While we suffer with stagnant pay, they're making money hand over fist. And they're doing it on purpose, because they know everyone will blame the politicians instead of the corporations. Because they don't want too much power on the left, because they might have to actually start paying taxes like the rest of us.
There is so much stupidity packed tightly into this comment, bravo.
Oh really, not like when you shop there you have to pay inflated prices to cover for all the theft, because a company can't run on deficit.
So they raised prices over inflation and law abiding citizens turned to thiefs overnight, makes perfect sense that argument, it's so easy to cross the line ain't it.
Have you noticed that actual goods you buy get more expensive way above the stated inflation.
Ever wondered why that is besides the easy explanation of "corporate greed"?
You think the inflation announced by the Government should perfectly match the increased price of your pasta?
I can see you relate to the working class, so I guess you have no plans of ever opening a business yourself to see what it's like.
It’s both the corporations AND the politicians/government. Politicians can do a lot to make inflation go up.. and democrats these last 4-5 years have seemingly been dead set on doing everything in their power to increase inflation. Biden and his economic secretary both have on camera said that “inflation is a good thing”..
But no.. the surge in shoplifting is 99.98% on the politicians shoulders via their ridiculously soft on crime approach policies. It’s true we needed some reform to our legal system.. but the democrats went wasaay to far with it. People have to much incentive to shoplift these days and especially if they live in a liberal controlled city/county.. cops aren’t even called on them most of the time and on the rare occasion they are.. it will take them so long to get there that the suspect is already long gone.. then on the rarer occasion the cops are called and show up on time.. there is a 50/50 odds that the cops won’t arrest them unless they have a warrant for a serious felony… then on the even rarer still occasion that the cops do arrest the suspect.. the suspect will just be able to bail out a couple hours later and ignore their court dates.. rinse and repeat. That is why there is a surge in crime and especially theft.
Are these the biggest problems in the United States right now that deserve a national platform? I mean my god.
How is all this thievery happening and the police never show up? This has to be by design.
If everystore had a membership or present a vlaid ID to shop 🤷🏾♂️
The only other thing is for politicians to do their jobs and make strict laws about stealing... thieves have no punishment for theft at all
It's not just Target, tons of businesses big and small are making this claim, saying they closed due to theft or safety concerns. Don't blame us, He did it 👉 🧔🏽♂️
It's called wage theft for a bonus.
They closed one in a part of Portland that has very little crime. Didn't make sense to anyone living here. There's something else going on. Personally I think they're closing stores because of more and more people shopping online. That dramatically increased because of the pandemic. In fact I strictly order online now. Groceries and everything. It's easier and actually cheaper for me.
Stores have been doing this for a while all over. They’ll blame crime for closing one location, yet leave another open that’s a few miles away. Crime is their go-to scapegoat for everything, including layoffs and rent. They were banking on gentrification.
Walkinng traffic vs driving traffic ? Is that part of story
It cost less to build a new store. They will build the new store with all the new ideas to fight theft.
Keep closeing good for. Neighborhood if people can not be normal.
WTF is this new attitude that everyone thinks private companies, private citizens etc owe them an explanation for ANYTHING EVER. Target is a private company and owes no one in Harlem an explanation.
Target gave an explanation, which was wrong.
Target basically lied. Yall fell for it cuz yall are determined to feel unsafe 😂 and it found out they aren’t able to upkeep the cost.
Found the thief.
@@aichrist found the boot licker lmaooo
Is there really a question as to why this Target is closing?? Come on yall. The American citizens are not stupid. DUH
People just need to stop stealing, sorry. It's my opinion
They are building Walmart's in Western NC.. :)
Noone realizes that crime and homelessness would not exist if we helped and taught one another.kept rent low. Kept prices low. Make college actually affordable. And made right choices. If you want people to stop stealing. Stop adding to the suffering
Also consequences for their actions.. arresting and jail time
Wow holy crap its that simple? If only the president could push the big red button that lowers prices instantly. I love pie in the sky ideas that mean nothing
Let the junkies that don’t want to work live with you then.
These shoplifters look all the same. Implement measures to prevent them from entering the store in the first place.
Target might've gotten the new area at a record low price due to this shoplifting phenomenon going on and with hundreds of stores leaving New York. When crime is bad in an area it hurts the real estate in that area. All of us law abiding Americans are hoping this crime wave is just a fluke and will pass. Then the real estate in that area will shoot back up again. It's a smart strategy if that's the case.
Sounds like racism in hiding. “Law abiding Americans” talk about speech of the devil.
Word UP, my peeps !!!
Stop complaining. They mean corporations I learned
Notice NONE of those are in Red States 😊
Spoiler: It was the theft
There is no way paying more on securities or changing the store layout can solve this problem if all they do is pull out camera when the thefts come 😅 you should question NY gov for solving the crime problem
Right cuz ny is 41st / 50 in crime rate so kindly and seriously stfu
Target is a business. They’re there to make money not lose money. Target is not a charity and not obligated to set up shop in underserved communities.
It’s unfortunate that their exit will discourage other large retail stores from going into that neighborhood.
I didn't know the US is a 3rd world country.
9:45 which wouldnt help, theyd just run by or force open the door. More bodies wont change anything when staff are discouraged from stopping them. Their needs to be severe punishment. People wont loot when the consequences outweigh the benefits.
One of the largest and most reputable American owned companies has closed many locations because of rampant retail theft plaguing business nationwide. And then there is propaganda pushing NBC. We won't cover the facts. No, no, we can't trust Target is telling the truth. We must stick to the agenda and have 0 integrity journalism. We have to spew a bunch of bull to try and fool the average American. This is all Targets fault for closing stores.
If the crime level is lower near the target that is closing, are you saying that since it’s lower, they are closing it because target is racist??? There couldn’t possibly be other reasons?
They didn't say that and gave many reason to why it may have been closed, none of which was direct racism.
Faulty logic since theft so often goes unreported now. Loss indicators from the company itself r far better
Why, and please source for theft of retail stores being unreported. Also, they did include the company's indicator. Shrink was under 1%, a good and stable figure. This was part of the evidence for something else going on.
I like how liberals are doing Olympic level mental gymnastics to convince themselves that black areas of city’s don’t have a crime problem.
Lol, they can't use that as a reason to move. Even tho they are getting stolen ,. Sad
No one has a "right" to shop at Target. Also, the "investigation" doesn't specify what the 911 calls were referring to. For example, was a candy bar stolen or thousands of dollars of merchandise per given location.
May be membership card
Tax the thieves...😅😅😅😅
Media got you people straight up brainwashed. You'll believe anything they say.
Does any in this reporting or in the comments know how to run a business on this scale?
Not all theft is reported. I could witness many thefts throughout the day. Maybe one out of twenty gets reported.
So interesting
If will close and online shopping 🛍
Interesting
Imagine defending theft and claiming that a store closing is racist 🤡
Clown World!
Do yall even pretend to watch the video.
So it’s targets fault that people steal ? What a bulshit news .
I give you a idea membership card . Not membership