Target executives cite theft as key factor impacting retailer's gross margins

Commercial theft and retail crime continue to make headlines here in New Mexico and across the country. But the scale and impact can often be hidden from public view.

But as Target Corp. announced its third-quarter earnings on Wednesday, the costs associated with theft became clearer.

CEO Brian Cornell said Target Corp. (NYSE: TGT), like other retailers, has “seen a significant increase in theft and organized retail crime,” and as a result, the company is “making significant investments in training…
Source: The Business Journal