Advertisement

Author Topic: Wonder why they would do all this if it's no big deal as some idiot put it?  (Read 281 times)

0 Members and 1 Guest are viewing this topic.

Offline theking

  • Elite Poster
  • *****
  • Posts: 59288
  • Respect: +1322
    • View Profile
According to some idiot, "it's no big deal, the stores can just write it off"...I took these photos of the yellow lock and cable lock that the store secured their merchandises with..and I mean some of these merchandises are cheap too... :idiot2::











« Last Edit: December 21, 2022, 01:11:23 AM by theking »

Like this post: 0

Adverstisement

Offline theking

  • Elite Poster
  • *****
  • Posts: 59288
  • Respect: +1322
    • View Profile
A couple of more photos I took:






Like this post: 0

Offline Hung_Low

  • Sr. Poster
  • ****
  • Posts: 9701
  • Gender: Male
  • Respect: +248
    • View Profile
This is the new norm... when we have states that allow grab&dash laws.





It's getting so bad that even Spam is protected...



Like this post: +1
- Maxi pad not greatest thing on earth but next to it.

Offline theking

  • Elite Poster
  • *****
  • Posts: 59288
  • Respect: +1322
    • View Profile
THAT idiot is the same idiot that purposely went "underground" to steal from the poor and then gave them "spoilage" food to "make fun" of them so not surprised he said, "it's no big deal"... :idiot2:



Like this post: 0

Offline DuMa

  • Elite Poster
  • *****
  • Posts: 17907
  • Gender: Male
  • -(>^_^<)- 052806
  • Respect: +742
    • View Profile
The closer you are to the ghetto or white ghetto, the more elaborate these stores will look. 



Like this post: +1
X_____________ ______________ ______________ ___

Offline theking

  • Elite Poster
  • *****
  • Posts: 59288
  • Respect: +1322
    • View Profile
Those "negative" (per the neutral PH members) idiots just don't care about anything or anyone else in society but themselves.. :idiot2

Speaking of "negative", here are the effects when looking at the big picture:

Quote
Rising organized retail crime has a few sad side effects, warns one expert

The looting of retail stores — better known in industry circles as inventory shrinkage — is causing chains to completely rethink their businesses.

And that may mean simply closing at-risk stores or curtailing future openings, retail experts say.

"Lots of retailers in recent weeks have announced they are either going to increase prices or they are going to have close stores [because of retail crime]," Natalie Kotlyar, national retail practice leader at BDO, explained on Yahoo Finance Live (video above). "That comes on the heels of considering the cost of additional security they would need to have, the cost of lost merchandise, and replacing all of that. It's certainly something retailers are going to have to think about going into 2023; Do they have to keep those stores in questionable areas with lots of crime open?"

Retail losses from stolen goods increased to $94.5 billion in 2021, up from $90.8 billion in 2020, according to a new report from the National Retail Federation (NRF).

The report found that the average inventory shrinkage rate last year was 1.44%. While that's a modest decline from the prior two years, it remains comparable to the five-year average of 1.5%.

"We are seeing an uptick in retail crime," Kotlyar said. "It's not the usual petty theft we have seen over the years. What we are seeing now is more thoughtful crime. People are stealing in order to resell, and it is certainly hurting the bottom line."

That's been the case at Target (TGT), Best Buy (BBY), Walmart (WMT), and other big box stores this year.

"At Target, year-to-date, incremental shortage has already reduced our gross margin by more than $400 million vs. last year," Target CFO Michael Fiddelke told investors on an earnings call last month. "And we expect it will reduce our gross margin by more than $600 million for the full year."

Fiddelke detailed how there are "a handful of things that can drive shrink in our business, and theft is certainly a key driver."



Like this post: 0

 

Advertisements