![](https://investingtrendstoday.com/wp-content/uploads/2023/10/230317-target-shopper-al-0910-d0acf7-ZNYeGx.jpeg)
Target says it will close nine stores in major cities, citing violence and theft
as the main reasons. The closings will affect about 1,500 employees.
Target is committed to the safety of its customers and team members, and has made the difficult decision to close stores in nine major cities due to increasing incidents of violence and theft. This closure will affect approximately 1,500 team members; however, these individuals will receive support and resources, including job search assistance and pay for up to 60 days. As part of Target’s ongoing efforts to improve safety, the company will be making additional investments in proactive safety measures, including advanced security technology, enhanced team member training, and additional hiring in the affected stores. Target looks forward to serving its guests in these locations in the future, while also providing a safe and secure experience for all.