On Target Corporation’s May 17 earnings call, Chairman & CEO Brian Cornell complained that theft from its stores will hit the bottom line big-time, costing the retailer $500 million in profits this year. Even more ominously, he warned that stores are increasingly scenes of violence.
Meanwhile, two female employees of a Lululemon store in Atlanta are reported to have been fired for calling the police during a robbery. Video of the incident shows masked men, who reportedly had hit the store before, swearing at the women and removing goods with impunity.
Read Full Article »
