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Retail Theft and Strategic Closures
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Retailers are urging Congress to address retail theft through the Combating Organized Retail Crime Act, while Target CEO Brian Cornell meets with President Biden to discuss consumer concerns amidst economic challenges. Target closes nine stores due to organized retail crime and theft, reflecting broader pressures in urban areas. The company's strategies and closures raise questions among landlords, highlighting the need for agile stores in major cities.
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How can policymakers balance the need for legislation to combat retail theft with the concerns of retailers and landlords?
How can retailers adapt their strategies to address the challenges posed by organized retail crime and the changing consumer landscape?
What are the broader implications of organized retail crime and theft on the retail industry and the economy?
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