Articles by tag: Target

Amid Concerns Over Organised Retail Theft, Retailers Must Turn to Tech to Safeguard Stores and Enhance Customer Experience

Organized retail theft

Target it set to close nine stores in cities including New York, Seattle, and San Francisco by October 21, amid concerns over theft and safety. In response to the growing concern of organized retail theft, Texas has established the Organized Retail Theft Task Force, with Texas Comptroller Glenn Hegar appointing ten members from various sectors,…

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Articles
Mob-led Theft is Costing the Retail Industry Billions. We Need More Than Just Store Security to Stop It.

Target has announced the closure of nine stores across California, Oregon, Washington, and New York, due to a surge in thefts and organized retail crime. And its shoplifting concerns are being echoed by other retailers: Whole Foods and Ulta Beauty are among the several businesses that have reported rising theft, while Nordstrom recently closed…

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Articles
Crime-Related Retail Closures Soared in 2022. Is Closing Shop the Right Solution?

There are rising concerns about increasing crime rates the past couple of years in the U.S., and the retail industry is no stranger to this. In fact, the 2022 National Retail Security Survey revealed a 26.5 percent increase in organized retail crime (ORC), according to the National Retail Foundation. How are retailers reacting? Some, like…

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Articles
Why Target Is Facing a $400 Million Profit Shortage

The consumer is feeling stressed, strategists are saying, and retailers should be cognizant as to why. With the holiday season fast approaching, companies would do well to reform their strategy to fit expectations. These areas of stress? Customers have less cash on hand than last year, and, as Lisa Miller, President, Lisa W. Miller…

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Articles
Organized Crime Targets Large Retail

Theft is always a concern for retailers. Particularly for stores like Target, which carries small but valuable products on open display shelves. While there has always been an understood amount of profit lost due to stolen or misplaced items, today’s retailers are dealing with something completely different. Organized crime, in the form of planned…

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Articles
Target Was the Target of Retail Thieves in 2022, And It Cost The Company Millions

Target’s recent quarterly earnings were unfortunately lackluster all-around, missing quarterly expectations with a profit margin of 3.9%, lower than its 5.35% estimates. Consumers’ dwindling confidence and tightening pocketbooks are likely to blame for a slow down in revenue for the retail giant; chairman and CEO of Target blamed “meaningfully” lower sales and profit margins…

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Podcasts
Are You Ready for the Retailer-as-Service Revolution?

Retail is exciting, fast-moving, and filled with opportunity, yet information overload is a constant challenge. Join retail strategist, speaker, and trainer Carol Spieckerman every other Thursday as she navigates past the noise to get to the heart of what really matters in retail. In every episode, Carol harnesses her latest retail trajectories and interviews with industry experts…

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HVAC industry
Balancing Growth and Sustainability in the HVAC Industry: Insights from Sofia Lozoya
January 7, 2025

In the latest episode of Straight Outta Crumpton, the spotlight shines on overcoming adversity, breaking into new industries, and leading with innovation. With industries like HVAC traditionally slow to adopt change, the conversation focuses on the unique challenges and opportunities presented by integrating new technologies. A growing demand for energy conservation solutions makes the…

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heating and moisture control
Heating Up a Jobsite
January 6, 2025

David Simpkins, Director of Technology at Polygon, delves into the world of construction heating and moisture control solutions in a recent presentation from their North Andover office near Boston. Simpkins introduces three varied heat options that cater to the diverse demands of construction sites, ensuring an optimal climate for efficient operations. The Spectrum of Heaters…

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Safety First
January 6, 2025

At Polygon US, safety is more than just a guideline—it is the core of our activities, pervading through every project and facility. Our team continues to demonstrate an unwavering commitment to cultivating a secure environment, reflecting our dedication towards the welfare of our staff, clients, and society at large. Meticulous Risk Management Our work often…

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Trade Education
Empowering the Next Generation Through Trade Education: Building Confidence, Career Paths, and Bright Futures
January 6, 2025

The U.S. is facing a critical shortage of skilled tradespeople, a challenge exacerbated by limited early exposure to the trades in schools. With projections showing a steady decline in the availability of qualified workers to support infrastructure and construction, programs like those led by Evin Jarrett are stepping in to bridge the gap. His…

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Other Articles
Target Pledges to Hire More Black Employees Over the Next Three Years
September 16, 2020

Target Corp recently pledged to increase diversity throughout their retail company, focusing on hiring and retaining black employees. Target’s publicly released data showed black employees made up 15% of their workforce last year, according to StarTribune. In the next 3 years, Target aims to increase that by 20%, with a special focus on presenting…

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Target’s Business Model Proves More Profitable Than Its Competitors: Business Casual
August 26, 2020

With the pandemic drastically changing the landscape of retail, America’s largest chains have had to pivot on a dime. So who has emerged as the leader? Judging by profits alone, Target far outperformed its competitors. According to The Motley Fool, Target reported a 9.6% operating margin in the second quarter, compared to the respective 5.5%…

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Walmart Dipping Same-Day Delivery Options: Business Casual
August 13, 2020

On this Business Casual segment, hosts Daniel Litwin and Tyler Kern explore how America’s biggest retail juggernaut, Walmart, is attempting to keep pace with the I-want-it-now world of modern retail. Powered by RedCircle Walmart and Instacart have teamed up to test same-day delivery services in Los Angeles, San Diego and Tulsa, Oklahoma, with positive results…

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The Shortlist, August 23, 2019: Target is Delivering & Automation is Coming Finance
August 26, 2019

Target beat its target in its earnings report this week and that could signal good news for retailers nationwide. Largely driving this success is Shipt, the same-day-delivery company that Target acquired in late 2017. Here’s what Target COO John Mulligan said in the company’s Q2 earnings conference call this week: “Our same-day options are…

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The Technology That Revitalized Physical Retail This Holiday Season
January 2, 2019

Brands Turn to Augmented and Virtual Reality to Attract More Shoppers During the Holiday Season Every consumer wants an experience. Having a product at a competitive price is not necessarily enough to lure shoppers, especially millennials, who are now the largest generation and digital natives. In fact, a Nielsen report on millennials concluded that more than 74 percent…

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