A FORMER retail CEO has accused Target of pulling a stunt to divert attention away from poor performance. Target closed nine stores earlier this year citing crime as the reason but an investigation found that other factors may have played a role. GettyFormer Sears CEO Mark Cohen has raised questions about Target’s reasoning for closing stores[/caption] GettyCNBC collected data that shows Target’s crime rate was higher in other nearby stores that were kept up and running, compared to stores that were shut down[/caption] On September 26, Target announced it was closing nine stores in four states, saying that theft and organized crime made the locations too dangerous to keep open.
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