Target to close 9 stores across 4 states, citing theft

Big-box retail chain Target Corp. on Tuesday announced it would close nine of its stores across four states next month, saying that organized retail theft had threatened the safety of its employees and customers.

The stores — located in New York, Seattle, the San Francisco and Oakland area, and Portland, Ore. — will shutter on Oct. 21, the company said. Target TGT said all “eligible team members will be offered the opportunity to transfer to other Target locations.”

Target…