Target Finally Gets Serious About Out-Of-Control Thefts, Lowers Intervention Threshold To Just $50 by Tyler Durden
A new Bloomberg report reveals that retailer Target is finally cracking down on thieves by lowering the staff intervention threshold from $100 to $50. Target management has complained on earnings calls about 'shrink' in recent quarters and surging thefts that have squeezed margins.
People familiar with the new policy say employees will soon be able to intervene and halt criminals from leaving the store with as little as $50 in stolen goods. The previous threshold was $100. They say the new policy will be enforced this summer.