I live right by Portland and have visited the three stores that are closing there. Every target in this area is hit hard by theft because there are many unhoused people who need things, or addicted people who need things to sell, and word got out that target wasn’t going to let their security people touch anybody.
The three stores closing here are some of the hardest to drive to, so it’s no surprise to me that the average payment size would be smaller and result in way slimmer margins there.
This is also following all Walmarts in town closing, likely for theft as well, Nikes employee store downtown closing due to theft and employee unsafety, and countless local businesses packing up shop and moving to other areas or shutting their doors.
It’s a shame but it’s so common in the area that the news didn’t surprise me in the slightest.
The three stores closing here are some of the hardest to drive to, so it’s no surprise to me that the average payment size would be smaller and result in way slimmer margins there.
This is also following all Walmarts in town closing, likely for theft as well, Nikes employee store downtown closing due to theft and employee unsafety, and countless local businesses packing up shop and moving to other areas or shutting their doors.
It’s a shame but it’s so common in the area that the news didn’t surprise me in the slightest.