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https://www.wsj.com/articles/the-target-of-runaway-theft-shoplifting-crime-stolen-goods-inventory-profits-violence-stores-dfcc7ced

The Target of Runaway Theft

The CEO says thievery will cost the giant retailer $500 million.

By The Editorial Board

May 21, 2023 5:08 pm ET

Journal Editorial Report: The week's worst and best from Kim Strassel, Bill McGurn and Dan Henninger. Images: Reuters/AFP/Getty Images Composite: Mark Kelly

America’s turn toward lawlessness is nowhere more evident than at retail stores, where these days even toothpaste is often under lock and key. Now Brian Cornell, the CEO of Target Corp., has put a number on the cost of “inventory shrinkage,” which is mostly theft: $500 million in lower profits this year.

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