In a Wednesday interview with CNBC's Jim Cramer, Target CEO Brian Cornell said retail theft is an issue plaguing the entire industry, not just his company.
Cornell said the company has been upfront about its problems with theft in order to advocate for government reforms for the industry.
"I'm really pleased with the progress that we've seen," he said, "but this isn't a Target issue, this is a retail issue."
Target said in September it would close nine stores in major cities, including New York City, Seattle, San Francisco and Portland, citing violence, theft and organized retail crime.
So we are very committed to those stores, we're committed to growing our store base."
Persons:
CNBC's Jim Cramer, Brian Cornell, Cornell, I'm, We've, we're
Organizations:
New
Locations:
New York City, Seattle, San Francisco, Portland, New York, Manhattan, Union