On September 26, Target announced it was closing nine stores "because theft and organized retail crime are…contributing to unsustainable business performance." Target said that before making the decision to close stores, it "invested heavily in strategies to prevent and stop theft and organized retail crime." But ultimately, the company asserted, those efforts were not enough to make those stores "successful."
Didn’t their own SEC report say the closed the stores due to underperformance? Because lying to the SEC and shareholders is against the law but lying to the public is not.