Buy aesthetic products. Target cuts its losses; closes nine stores over skyrocketing shrink

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THE WHAT? Target has announced that it will close nine of its stores in four states to curtail losses from persistent theft and organized retail crime. Staff will be offered transfers to other locations.

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THE DETAILS Bloomberg reports that the US retail giant will shutter three stores in Portland, three in the Bay Area, two in Seattle and one in Manhattan. The move follows CFO, Michael Fiddelke’s estimate in May that shrink would grow by US$500 million this year.

THE WHY? The retailer said in a statement, per Bloomberg, “We cannot continue operating these stores because theft and organised retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance. We know that our stores serve an important role in their communities but we can only be successful if the working and shopping environment is safe for all.”

Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:

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  • Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.

  • Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.

  • Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.

  • Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.

  • Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.

  • Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.

  • Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.

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