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Target reports $400M loss in profits amid rampant crime

Randy Mancini 4 Nov 16
Shopping carts are lined up outside of a Target store on November 16, 2022 in Chicago, Illinois. Target’s stock plummeted today after the company reported a 52% drop in profits during the third quarter. (Photo by Scott Olson/Getty Images)
Shopping carts are lined up outside of a Target store on November 16, 2022 in Chicago, Illinois. Target’s stock plummeted today after the company reported a 52% drop in profits during the third quarter. (Photo by Scott Olson/Getty Images)

OAN Newsroom
UPDATED 4:36 PM PT – Wednesday, November 16, 2022

The corporation, Target, saw major profit losses this year due to theft and looting.

Target is being hit hard by thieves.2022 theft from stores so far: $400 millionHow do you think about that?Target has 1,938 storesThrough Oct. 29 (3 quarters), that's: > $685 in theft per store per day

A lot. That's not a few deodorants or Advils slipped into pockets.