Curiously, the chain plans to open another location in Harlem, according to its corporate website.
Make your contribution now and help Gothamist thrive in 2023.Retail giant Target says it will close its East Harlem location next month along with eight other stores across the country, citing “theft and organized retail crime.” The announcement comes as the latest in a string of complaints from retailers about theft eating into profits.
“During the first five months of this year, our stores saw a 120% increase in theft incidents involving violence or threats of violence,” he said. Using the industry term “shrink” for lost or stolen products, he added that profits “expanded by more than $800 million compared with a year ago. And despite the fact we've experienced more than a percentage point of cumulative profit pressure from higher shrink since 2019.
“This store has been a lifeline for many East Harlem residents, providing jobs and stability for their families,” said Deputy City Council Speaker Diana Ayala, whose district encompasses East River Plaza. “Before, you used to have to go into the city to get some stuff that we don't have in the neighborhood,” she said. “It’s just heartbreaking.”“I don't think it's from theft because it has to be too much for a big company like that to close because of theft,” she said.
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