Ohio State Representative Haraz N. Ghanbari (R-Perrysburg) recently announced his intent to introduce legislation focused on combating rising losses from organized retail crime in the Buckeye State.
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Target Closes Nine Stores, Citing ‘Theft and Organized Retail Crime’
Minneapolis-based Target Corporation announced Tuesday that it is closing nine stores in four different states, citing “theft and organized retail crime.”
The closures include locations in New York City, Seattle, San Francisco, and Portland, according to a press release.
Read the full storyTarget Blames $400 Million Decrease in Profits on ‘Organized Retail Crime’
Target’s profits have been suffering this year — much of it, by their own admission, due to “organized retail crime.”
After releasing its third quarter earnings, the Minneapolis-based retail giant told reporters on an earnings call that it had thus far lost $400 million in gross profit margin compared to last year.
Read the full storyNew Legislation Targets Organized Retail Crime in Minnesota
A new piece of legislation proposed in the Minnesota State Legislature seeks to deter organized retail crime throughout the state.
S.F. 3487, introduced by Senator Warren Limmer (R-Maple Grove), would establish a legal statute for the crime and details various levels of penalties.
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