Target: 'Organized retail crime' losses estimated at $600 M
Target's CFO said he expects the company's gross margin to be reduced by $600 million for the full year, and said it's not just an issue for them.
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Target's CFO said he expects the company's gross margin to be reduced by $600 million for the full year, and said it's not just an issue for them.
Target Corporation reported its third quarter results today. The report wasn't good, in large part because Target stores are being robbed left and right: Target stores are getting looted, and it's taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by
Target's CFO said he expects the company's gross margin to be reduced by $600 million for the full year, and said it's not just an issue for them.
Target's CFO said he expects the company's gross margin to be reduced by $600 million for the full year, and said it's not just an issue for them.
Environmental Defense Fund CEO Fred Krupp praised billionaire Elon Musk over his work at Tesla and SpaceX.