Always treat others with respect and kindness, even if you disagree with them. Avoid making personal attacks or insulting others, and try to maintain a civil and constructive tone in your discussions.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 1
Barron's, '' Retailers Fight Theft, Organized Crime Targeting Stores
More retailers are increasing their efforts to fight a 26.5% increase in retail theft. The biggest challenges retailers face are keeping stores profitable and keeping their employees and customers safe, said Deborah Weinswig, CEO of retail research firm Coresight Research.
After Target estimated that inventory shrink, the industry term for missing inventory, would reduce profitability by $500 million, other retailers including Home Depot, Walmart, Dollar Tree, and Ulta Beauty also mentioned higher shrink in earnings calls.
The National Retail Federation estimates that shrink accounted for $94.5 billion in losses in 2021, driven by organized retail crime, up from $90.8 billion in 2020. Unlike ordinary shoplifters, ORC thieves often resell stolen merchandise at cheaper prices, often on third-party marketplaces.
Nearly 40% of retailers said they hired more loss-prevention employees in 2022, the NRF found. Others invested in theft-detection technology. Home Depot is spending more on machine learning and data analytics tools to identify at-risk regions or product categories.
Some retailers closed stores in areas with higher shrink. Others adopted what Dollar Tree CEO Richard Dreiling called 'defensive merchandising,' encasing perfumes or razorblades in plastic boxes, tethering electronics to shelves, or locking items into clear drawers only employees can open.
What's Next: Retailers and business industry groups support the Combating Organized Retail Crime Act, a bipartisan bill introduced last September, to help federal law enforcement prosecute organized retail crime groups and recover lost goods and proceeds.
'Sabrina Escobar and Janet H. Cho.
No. of Recommendations: 0
good morning, very stable genius, "" Or maybe you just like to have your biases confirmed regardless of truthfulness? In that case please kindly disregard and go on about your day.
Thank you,
Have a great day all!"" Well bud, do you still think the retail space dealing with serious shrinkage issues, is a fake problem, because msnbc and cnn aren't providing you, daily coverage? Try news nation, I believe Cuomo and Abrams are doing the best work on cable these days. I'm off to the pickle ball courts, have a profitable grand day, your conspiracy nut pal, HC.
No. of Recommendations: 0
Yo genius, Kroger just reported, I shop in the same Smiths for 18 years. I know a few of the long time checkers, , management, etc , and we talk, off the record. Let's just say in very good neighborhoods, shrinkage is a serious problem, take it from a conspiracy nut who actually does his own due diligence, and walks the floor. Guess who is going to pay, in the long run? That's right, those who actually pay, support those who don't. Higher inflation down the road ? 💕🍿 todays eco 101 class provided by your pal, Hc. 😇
No. of Recommendations: 30
<<Yo genius, Kroger just reported, I shop in the same Smiths for 18 years. I know a few of the long time checkers, , management, etc , and we talk, off the record. Let's just say in very good neighborhoods, shrinkage is a serious problem take it from a conspiracy nut.... Hc>>
Yo HC! Here are words that are genuinely meant to be helpful. Perhaps your conclusions are correct,
perhaps retail theft is worse than ever and the end of the western world is near.
But you really need to get better sources of information.
The ones you are using (conspiracy theory websites) are making you look dumb and are making the word a worse place.
The latest National Retail Federation survey found that "the average shrink rate in 2021 was 1.44%, a slight decrease from the last two years but comparable to the five-year average of 1.5%."
Hardly sounds like an apocalypse.
https://nrf.com/media-center/press-releases/nrf-re...PS I miss the old HC, who's only concern was that strippers would not accept Intrinsic Value!
No. of Recommendations: 0
"" PS I miss the old HC, who's only concern was that strippers would not accept Intrinsic Value!"" WOW, you are an old timer. The good old days, when experts in brkville called me names for pounding the table for a 50 for 1 split of the Bs and aggressive buybacks, at material discounts to IV, because I can't write checks on todds, IV net worth calculations. Thanks for the memories pal, at least Buffett eventually respected my opinion. You better give serious thought to not responding to me bud, I would hate to see you get excommunicated from the tribe. Stay well.
No. of Recommendations: 0
btw, "" For immediate release
September 14, 2022
press@nrf.com
(855) NRF-PRESS, "" it's currently June 2023, I suspect todays press releases and conference calls, are more current, but that could be a conspiracy too!!
No. of Recommendations: 1
