This is a news story, published by Yahoo Finance, that relates primarily to Target news.
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shrink costsYahoo Finance
ā¢83% Informative
Target 's 28.9% gross profit margin beat estimates, up from 27% a year ago .
Shrink can be the result of theft, damage, or poor record keeping.
Target said shrink increased by more than $500 million last year compared to 2022 .
Other retailers have also shared progress on solving the issue.
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