Have you ever perhaps considered the problem might lie with society and not guns? Plenty of evidence points that way.
To your point though, yes, it would seem the odds have increased, but I don't think it's because of the amount of guns. We've always had lots of them. No... the problem goes way deeper than that.
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Target (TGT) has become a target for major thefts, and it's taking a huge chunk out of profits.
The retailer estimated in its earnings release Wednesday that inventory shrinkage — mostly the theft of merchandise — would clip profits by a whopping $500 million this year. Factoring in an about $700 million profit hit from inventory shrinkage in 2022, Target is on pace to see $1.2 billion in profits go up in smoke, due primarily to organized retail crime.
Target Chairman and CEO Brian Cornell says the problem is getting worse, is nationwide, and across various merchandise departments.
"The unfortunate fact is violent incidents are increasing at our stores and across the entire retail industry.