Target may have solved one of retail's biggest problems: Theft

Target may have solved one of retail's biggest problems: Theft
https://finance.yahoo.com/news/target-may-have-solved-one-of-retails-biggest-problems-theft-103150947.html

Summary

Certainly! Here are the key takeaways from the article about Target's inventory shrink:

• Shrink Plateau: Target has achieved its goal of plateauing inventory shrink, which includes retail theft[^1^][1]. This was a tailwind for profit in the quarter.
• Costs and Impact: Shrink increased by over $500 million last year compared to 2022, impacting profits[^2^][2]. From 2019 to 2023, it reduced the operating margin rate by 1.2 percentage points[^3^][3].
• Strategies: Target closed stores due to theft and organized retail crime, installed locking cases for high-risk merchandise, and invested in security measures[^4^][4].
• Ongoing Efforts: The company continues to work with federal, state, and local partners to combat shrink and improve safety.

Please note that this summary is based on the information provided in the article.