Nine Target stores across the country will be closed down due to a rise in violence, theft, and organized retail crime.
One store in Harlem and New York City, two in Seattle, three in the San Francisco-Oakland, and three in Portland, Oregon are to be closed.
Target said it fears for the safety of its employees and guests. Due to poor business, stores are to be shut for good on Oct. 21.
CEO Brian Cornell expects that Target's profitability will reduce by more than $500 million compared to last year due to the shrink.
Target has almost 2,000 stores in the U.S., many of which play an important role in their communities, generating jobs and taxes.
Many other companies have also faced similar problems prompting the push for legislative action.
The Inform Act requires online marketplaces to report names of high-volume sellers to prevent the sale of stolen goods.
In addition, a Combating Organized Retail Crime Act proposes stricter penalties for theft and a center to exchange information with any concerned party and law enforcement.