UPDATE: The truth about Target
popular.info
On September 26, Target announced it was closing nine stores "because theft and organized retail crime are…contributing to unsustainable business performance." Target said that before making the decision to shutter the stores, it had "invested heavily in strategies to prevent and stop theft and organized retail crime." But ultimately, Target claimed, those efforts failed to make those stores "successful."

Never trust the corporations excuses.

PS: I wasn’t sure if this was a good fit for this community, but I couldn’t think of another. Any suggestions?

  • Punkie@lemmy.world
    119·
    1 year ago

    You’re probably right, however, you can also be not profitable because of shitty business decisions, ineffective management, embezzlement, and inventory waste. It could have been the two kitchens and various levies and taxes in that location. If they had lines, it also means they had a finite cap of serving customers per hour, and if cost or any other of the things I mentioned could still outweigh what they made per night.

    The unionization could have been a scapegoat, when they secretly declared bankruptcy, sold the assets and name to another owner, and reformed in a second location. That happens in nightclubs a lot in popular districts.

    • Krudler@lemmy.worldEnglish
      169·
      1 year ago

      What is with the zeal to step up and find some scenario you think might apply here? Is this some kind of tacit effort to excuse what they did?

      You can read right in my comment that a union was forming and magically the most profitable location in our city closed under the public guise of not being profitable. And then opening up as soon as the wind blew over, right next door to the original?

      I’m giving you the benefit of the doubt that you’re not trolling and you’re just trying to have a lively discussion, but it couldn’t be more inappropriate for the situation.