Target has announced they are closing 9 stores in several cities (that will surprise nobody) over rampant theft and even violence against store employees. The company has recently struggled with high levels of “inventory shrink” and based on this report, it seems that trend has accelerated significantly in recent weeks leading to the closures. Elsewhere shares of Swiss Mega-Bank UBS were briefly halted this morning on reports of an expanding US Probe looking into allegations that the bank along with the now defunct Credit Suisse (which was bought out by UBS) have evaded sanctions against Russia.
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#Target #UBS #Evergrande…(read more)
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Target, one of the largest retail chains in the United States, has recently announced the closure of several stores. The reason behind this decision is related to a common issue in the retail industry called “shrink”. Additionally, UBS, a Swiss investment bank, also faced a halt due to unforeseen circumstances. Let us delve into the details of these developments.
Shrink, in retail terms, refers to the loss of inventory due to various factors such as theft, damage, or administrative errors. This poses a significant challenge for retailers as it directly impacts their profitability and sustainability. The retail industry has been grappling with shrink for years, seeking innovative strategies to combat this issue. Unfortunately, even the giants of the industry, like Target, are not exempt from its effects.
Target has decided to close a select number of its stores due to financial ramifications caused by shrink. The decision is likely an effort to mitigate losses and streamline efficiency. While it is always disappointing to see stores shutting down, especially for employees and customers alike, it is a necessary step for the overall health and success of the company in the long run.
Taking a closer look at UBS, the Swiss investment bank, it encountered its own setbacks and had to temporarily halt its activities. This interruption may have caused some inconvenience to clients, as well as potential uncertainty in the market. The exact reasons for the halt were not disclosed at the time of writing, as UBS is still investigating the matter.
Regardless of the specific reasons behind these closures and halts, these incidents shed light on the challenges faced by businesses in today’s rapidly changing world. From the retail industry’s battle against shrink to unexpected disruptions in the financial sector, companies must be agile and adaptable to survive.
Shrink also brings to the forefront the importance of risk management and inventory control. Retailers need to implement robust security measures to minimize theft and ensure that inventory is accurately tracked. Advances in technology, such as surveillance systems, RFID tags, and data analytics, are being utilized to tackle shrink and improve profitability. However, it remains an ongoing battle that requires constant vigilance.
In the case of UBS, it serves as a reminder of the interconnectedness of financial systems and the potential repercussions of disruptions within the industry. While temporary halts can cause inconvenience, they are sometimes necessary to identify and address issues, safeguarding the integrity and stability of the financial market.
In conclusion, the recent store closures by Target and the temporary halt experienced by UBS exhibit the challenges faced by businesses in different sectors. The retail industry’s ongoing battle against shrink highlights the importance of effective inventory control and risk management. Meanwhile, unexpected interruptions in the financial sector underscore the need for continuous evaluation and adaptation in order to maintain stability. Both incidents serve as reminders for companies to remain nimble and proactive in an ever-evolving business landscape.
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remember when stores had their own security and didnt depend on the police to arrest criminals?
The real reason is the stores can't afford rent with the commercial real estate meltdown that's going on.
U.S. Congress responds to massive theft at woke Retailer "TARGET" – by going after AMAZON for its marketing success. Can't have an excellent example of doing it successfully show up the dead beats !
What’s the common interest amongst UBS & Credit Suisse?
Answer: Idiosyncratic Risk
Started with Archegos, carried over to Credit Suisse, and now UBS is holding the naked shorts bullet swaps bag on GME.
https://www.youtube.com/watch?v=EAMWyl9eZIc
It's not just organized retail theft, casual theft is becoming the norm. Lack of values in modern society, plus fried frontal lobes from smartphone addiction, plus inflation means everybody is shoplifting now, not just teenagers and cleptomaniacs.
People in Tampa area are so poor the county is trying to hide it!!! They put all the homeless into hotels and give them spending money to order FOOD!!!
Opening another Target, Teays Valley Wv.
Never heard of looting here. Prosecuted here for theft.
IMHO………….jack in tend to agree with you on the Fear thing……..and as you pointed out….the Market is saying that the likelyhood of a Rate Hike in Nov looks awfully low……………therefore………something else is brewing in the background………….
Jake, what would the likelihood of an oil embargo be in your opinion?
Does Evergrand own properties in the USA or is it just China?
Would be great if you would post regular on Rumble as well — who knows when youtube will decide they don't like what you are saying ….
YOU ARE THE BEST! HAVE A GREAT DAY!
How bizarre that I am an American citizen. I am homeless, jobless, & ostracized in my own country since July 22, 2020.
Why? Because, I refuse to wear a mask & take a vaccine. I've been twice arrested and twice Baker Acted. Yet, these illegal immigrants are celebrated and given carte blanche.
Therefore, I curse you Babylon America. As you have judged & removed me, may CREATOR judge & remove you. Destroy Sodom California to Gomorrah New York Florida. May my blood cry out for HIS vengeance.
#MasklessRefugee
It amazes me how good the control system is at obscuring reality. If you wanted to avoid people panicking about the state of the U.S. economy and the dollar, what do you do? Well, conjuring a whole bunch of activity that MASKS the true nature of what is happening might be a strong method. FRAMING: Brick-and-mortar stores aren't failing because the economy is tanking, NO, the stores are failing because theft is being allowed to happen. The auto industry isn't failing, the workers are just striking for higher wages and incentives (repeat for Hollywood… which industry will go on "strike" next? Airlines get my vote). Corporations aren't failing, it's just all the woke marketing and virtue signaling. And on and on. Awfully coincidental, isn't it? How all of these crazy things are happening right as the U.S. economy and the dollar are in serious trouble. How many times, exactly, has the control system gone through this cycle? Because they seem to have it down to a science.
There is nothing the fraudulent Fed can do to halt runaway inflation at this point. The only thing that will halt inflation is a financial cataclysm. Oil is going higher, the wage/price spiral is gaining massive momentum and productivity is in the toilet. Good luck to all of us.
The thieves are obviously wrong. Full stop. Stores always have sales, discounts, buy one get one half off, etc. I would guess their shrinkage is calculated at full retail price? Has anyone ever looked into that?
If Rick Rule is in Vegas, get him, Uranium expert and has already made a fortune in it.
The market and the gov have been in bed with each other this whole time. The gov was supposed to be married to the people, but has been cheating on us with the market. Now that society is breaking down and can no longer support the weight of being cheated on, now the gov wants to get out of bed with the market and ‘go home’.
The market is like that woman that never believed he was gonna go back, even though everybody understood that was his foundation – the wife and kids. Now the gov has to come back to sound money ‘something’ and has been telling his market mistress that, but she JUST NOW is starting to accept it. The market is JUST NOW starting to accept that the foundation of his financial health ISNT them, and just like with an angry side chick, this shit is finna get ugly. We lowkey already have the catastrophic event built in!!!! And we have know idea where it could even come from. Just like you don’t know what a scorned woman will do.
Let me tell you – when the market FINALLY accepts this alleged betrayal, it’s gonna be a blood bath. Watch.
The things that are going on in our county right now reminds me of the fall of Rome
has our previous "hot" economies have 4.54 10y?
Target has about 1700 stores.
Of course people are stealing and looting. Not sure how you can see the data that you go over and not understand the desperation and nihilism coming to the forefront. Most people working low income jobs cant afford to live anymore. Im at 100k and money is tight as hell
A shoplifter made aggressive stabbing motions and advanced rapidly on an armed security guard, after overtly stating
he was going to delete the security guard.
His name was Banko Brown was shoplifting from a Walgreens on Market Street in San Francisco.
Bank Brown was deleted by said Security Guard.
Mass demonstrations occurred defending Banko Brown the shoplifter, and demanding the Security Guard with murder.
Local news convenient omit the stabbing behavior.
The demonstrators demanded free housing for the Queer, unhoused, black Banko Brown
The new DA did not file charges against the security guard
Take Away: There is still a lot of pro-criminal, pro-shop lifter sentiment.
UBS has the bag Credit Suisse got from Archegos.
And Swiss government made the files related to Credit Suisse secret for 50 years. I hear normally such secrecy is granted for 30 years. But for Credit Suisse, 50 years.
Love the clear and concise commentary which helps the average person manage these crazy times. Keep it up . . . Very grateful for the assistance!!!
Who needs grocery stores when the government can offer us Rainbow Food Stores
offering five different varieties of Soylent Green.
CNBC as professional journalist feel it is irresponsible to promote fear to the peeps…
and after all, they got to give Plugs some support so he can win against Trump so if they
have to stretch the truth a bit to convince LaDonna things are improving they will as
it's all about getting that extra wide fanny to the polls next year.
And the newest Target Store closing is in Tyroneville.
At least China detains theives. It only took a trillion RMB.
Could you please do a follow up on cede and company about people not owning the shares they have but just being benefical owners which means if a stock tanks you are the last to get payed if there is anything left?????
Government run grocery stores if that’s not a scary concept to anybody they will cut you off from food when they want to
I would love to see the government run grocery store, being robbed like the rest of them
Fun fact #1: according to a former deputy head of the national bureau of statistics in China, there are now enough empty apartments in China to house 3 billion people in a nation of about 1 billion.
Now that's what i call a bubble.
Fun fact #2: 70% of personal wealth in China are in real estate.
I think the Chinese call it "Detained Foot" or "Forbidden Foot"
Biden goes Harris becomes Prez.
Did you get scared?
https://youtube.com/@ActionableIntelligenceAlert?si=xoK2drsYu1IR80q1
"You will own nothing and be happy"