Target has reported a $400 million loss in profit due inventory shrinkage, which they are chalking much of it up to "Organized retail crime" https://www.yahoo.com/finance/news/targ ... 06396.html
I dunno... I'm really skeptical of this claim of "Organized Retail Crime". I think more likely the proliferation of self checkout is causing this. Some of it is blatant skimming, but I think a large part could just be process/system errors too. Last weekend I made a Target run. I scanned all the little items from my cart directly on the counter. Then I scanned the big items that were under my cart with the scanner gun. It beeped every time. I mindlessly paid with the target app. I got home, looked at my receipt, and I noticed it was way less than I thought. Basically I got an accidental 5 finger discount for every item I scanned with the gun. I'm just wondering how much self checkout is contributing to inventory shrinkage.
Organized retail crime or something else??
Organized retail crime or something else??
People who quote themselves look like dogs who lick their balls
- Deebo referring to SteelerDayTrader
- Deebo referring to SteelerDayTrader
Didn't Cali enact a law that decriminalized petty theft?
You get enough people to steal $5 worth of merchandise and it adds up
You get enough people to steal $5 worth of merchandise and it adds up
Whenever I see big numbers thrown out with no context my BS alarm goes off.
Target generates over $100B in gross sales annually. A $600m drop is a rounding error.
What were Target's estimated losses from theft in prior years?
Target generates over $100B in gross sales annually. A $600m drop is a rounding error.
What were Target's estimated losses from theft in prior years?
Yep. They sure did.
And by golly, they got a shit load of more theft.
SF is pretty much the smash & grab capital of the world now.
Seattle running second. Another liberal sanctuary.
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