Articles by tag: Target
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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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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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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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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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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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 […]
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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The Anticipation of Record Heat Must be the Concern of Educational Institutions and the Safety of their Student Athletes
Temperatures around the globe are continuing to set new records, and as a result, universities now face increasing challenges in ensuring the safety and performance of their student athletes. Rising mercury poses risks of heat-related illnesses and affects the athletic performance and recovery of student athletes. Educational programs on recognizing the symptoms of heat […]
Improving HVAC Systems Plays a Key Role for Meeting Building Efficiency Goals
In today’s rapidly advancing world, the role of HVAC systems for building efficiency goals has become a pivotal topic for businesses and property owners alike. With energy costs soaring, the shift towards more energy-efficient systems isn’t just a luxury—it’s a financial imperative. Building efficiency upgrades could slash global energy demand by 12% and save […]
Generative AI Remains at an IP and Privacy Crossroads
As artificial intelligence becomes increasingly integrated into our daily lives and business operations, the conversation around its ethical and legal implications grows louder. It’s clear that generative AI will continue to face legal battles; applications from oncology, to mental health services, to the classroom, are raising questions about AI’s ethics and the consequences of […]
Strategic Capital Allocation Can Help Businesses Leverage Employee Knowledge and Collaboration for Better Returns
Strategic capital allocation, a critical aspect of business management often emphasized by investment experts like Warren Buffett, involves more than just distributing financial resources; it’s about strategic investment that drives long-term value. Firms are increasingly recognizing the need to integrate capital allocation with broader corporate strategies, ensuring that investments are not only financially sound […]
Target Pledges to Hire More Black Employees Over the Next Three Years
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 […]
Target’s Business Model Proves More Profitable Than Its Competitors: Business Casual
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% […]
Walmart Dipping Same-Day Delivery Options: Business Casual
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 […]
The Shortlist, August 23, 2019: Target is Delivering & Automation is Coming Finance
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 […]
The Technology That Revitalized Physical Retail This Holiday Season
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 […]