03:55 PM EDT, 06/27/2024 (MT Newswires) -- Target ( TGT ) is reducing the threshold for stopping shoplifters to $50 from $100 to better tackle store theft, Bloomberg reported Thursday, citing people familiar with the matter.

The guideline is reportedly expected to be enforced this summer to address the increasing impact of theft on store operations and profit margins.

Target ( TGT ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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