Dwayne Spaulding, 42, is facing a single robbery charge for the incident at the Target store in Kips Bay.
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The robbery happened on October 17 at around 11:39 a.m.
Police say he entered the store and began removing items from shelves. Then, as he attempted to leave the store, a security guard confronted him.
That's when police say Spaulding took out a box cutter and threatened the guard.
He got away with multiple pieces of merchandise but was later arrested.
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Anyone with information in regard to this incident is asked to call the NYPD's Crime Stoppers hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782).
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