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Fortune
Fortune
Irina Ivanova

The crime epidemic in places like San Francisco causing stores to flee could actually just be bad management, investment bank suggests

(Credit: David Paul Morris/Bloomberg)

For the last three years, shopkeepers across America have been up in arms about the alleged  crime wave that has gripped the nation’s cities. The National Retail Federation recently called for a federal crackdown on retail crime, saying, “retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores, and the situation is only becoming more dire."

Major chains including Walmart, Walgreens, and Target have blamed rising crime for their decisions to close retail locations, with Target most recently shuttering nine stores across five cities.  

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