#1,483 - STORE WARS: Target, Walmart & Home Depot go to war against Organized Retail theft

News For Reasonable People

Dec 28 2022 • 24 mins

SEVERAL retailers are reportedly going to “war” against theft and it could affect thousands of side hustlers and change store prices.

Retail crime went up by 26 percent last year, threatening several businesses such as Target, Walmart, and Walgreens.

Target is expected to lose $600million in profits due to crime, while Walgreens reported a 52 percent increase in crime since 2019.

And crimes are becoming more and more violent, according to the National Retail Federation.

“This is not petty theft. It's not somebody who can't afford to eat tomorrow,” said James Kehoe, chief financial officer of Walgreens, during the company’s first-quarter earnings call.

"These are gangs that actually go in and empty our stores of beauty products.

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