{"id":1742001,"date":"2022-11-17T06:30:25","date_gmt":"2022-11-17T11:30:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1742001"},"modified":"2022-11-17T09:03:54","modified_gmt":"2022-11-17T14:03:54","slug":"bidens-crime-wave-target-loses-400-million-due-to-looting","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-crime-wave-target-loses-400-million-due-to-looting\/","title":{"rendered":"Biden\u2019s Crime Wave: Target Loses $400 Million Due to Looting"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-crime-wave-target-loses-400-million-due-to-looting%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1742001&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/GettyImages-1419413490-e1668616739658-638x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p class=\"subheading\">One of America\u2019s largest retailers said Wednesday that the surge in crime is inflicting deep losses.<\/p>\n<p>Target <a href=\"https:\/\/finance.yahoo.com\/news\/target-organized-retail-crime-400-million-profits-113006396.html\">said<\/a> its stores are getting looted at a massive scale. The damage to the bottom line has amounted to $400 million so far this year, the company said on a call with reporters on Wednesday.<\/p>\n<p class=\"a8d-pre\">The company is not the only retailer to point to a rise in theft recently.\u00a0A spokesman for CVS <a href=\"https:\/\/www.axios.com\/2022\/02\/11\/shoplifting-retail-crisis-online-resale\">said<\/a> earlier this year that it has experienced a 300 percent increase in theft.\u00a0 Rite Aid <a href=\"https:\/\/www.thestreet.com\/investing\/rite-aid-says-theft-is-a-much-bigger-problem\">said<\/a> in October it suffered $5 million in losses due to theft in NYC in the most recent quarter alone. Home Depot said it has been locking up more products during the past 12 months in an attempt to stem theft.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cThere\u2019s a handful of things that can drive shrink in our business and theft is certainly a key driver,\u201d said Target CFO\u00a0Michael Fiddelk. \u201cWe know we\u2019re not alone across retail in seeing a trend that I think has gotten increasingly worse over the last 12 to 18 months. So we\u2019re taking the right actions in our stores to help curb that trend where we can, but that becomes an increasing headwind on our business and we know the business of others.\u201d<\/p>\n<p>The looting losses are especially harmful now because the major retailers are seeing sales soften as consumers grapple with inflation and the looming recession most economists expect to begin within the next 12 months.<\/p>\n<p class=\"a8d-pre\">There is mounting evidence that the U.S. has become increasingly criminogenic since the summer of 2020 and that this trend toward more crime has accelerated since the start of 2021.<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cAmericans are more likely now than at any time over the past five decades to say there is more crime in their local area than there was a year ago. The 56 percent of U.S. adults who report an increase in crime where they live marks a five-percentage-point uptick since last year and is the highest by two points in Gallup\u2019s trend dating back to 1972,\u201d Gallup <a href=\"https:\/\/news.gallup.com\/poll\/404048\/record-high-perceive-local-crime-increased.aspx\">reported<\/a> last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of America\u2019s largest retailers said Wednesday that the surge in crime is inflicting deep losses. Target said its stores are getting looted at a massive scale. The damage to<\/p>\n","protected":false},"author":1,"featured_media":1742004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1742001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1742001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1742001"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1742001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1742004"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1742001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1742001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1742001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}