Target has seen its “shrink” - an industry term for lost inventory from behaviors such as shoplifting - return to pre-pandemic levels after a rash of thefts had plagued stores in recent years, according to a report.
At the height of the supply chain crisis spurred by the COVID-19 pandemic, Target executives said the store’s 2022 profits would be reduced by $600 million due to shrink, which is the loss of inventory between manufacturing and point and sale.
